Maximizing your remodeling dollars

Deniece W. Smith Welcome Home. Phone: 650.483.2055 License #: 01295757 Email: dsoldit@gmail.com Web: www.dsoldit.com

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Considering Selling Your Home?
If you are thinking about selling your home in the near future, I am sure you will find the information in the following article very valuable. If you are interested in finding out how much your home will likely sell for in today's market just give me a call or send me an email and I'll prepare a no-obligation market analysis for your property.

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REMODELING YOUR HOME

The classic way for homeowners to increase the value of their house is by remodeling existing rooms or adding on to its current plan.

Some choose to build recreation rooms and studies while others add new appliances, fixtures and cabinets to enliven rooms and make their home more attractive to future buyers.

But, when should you decide to stop sinking money into a home and buy a bigger place? And how much rehab is too much when it comes time to recovering remodeling costs through a home sale?

For instance, if you’ve just spent $1,000 remodeling your living room and didn’t expand your small bathroom, the chances of increasing the number of interested buyers are slim.

With these concerns in mind, I can offer a few tips for those struggling to add value to their home.

First, always protect the character of your home. Nothing sticks out negatively more than a new addition that is in a completely different architectural style. Be consistent. Recognize your home’s character and stay within its framework.

The most financially rewarding areas to remodel are usually the kitchen and bath. Newly re-done cooking spaces and cabinets can attract more buyers and may command a slightly higher price for the home than a comparable one on the market. Simple repairs that are made to last will bring you the biggest returns upon sale.

Some people think that tubs are not used anymore and remodel them out of their homes.  New families will notice this and wonder where they may bathe their children.  Keep at least one tub in your home, preferably in the master bathroom.

Buyers are, by convention, more interested in aboveground living space – not basements, yards and walkways. Swimming pools can be a poor investment if installed for the sole purpose of increasing a home’s value; it’s rare that a pool’s cost will be recovered in a home sale. It can also be a negative feature for potential buyers with very young children.

Replacing worn carpeting, tiles and wood floors can give your home an immediate advantage over similar properties in the area. Updating paint colors in all areas of your home can also prove beneficial.  Both of these upgrades can be done wisely and inexpensively with the advice of your Realtor.  We have connections to just the right people used to putting in carpet for a sale, and using paint colors that make the features of your home pop out in a positive light.

Stay simple with your remodeling and look at your home as though you were the buyer. Chances are that if you find the upstairs bedroom could be brightened by a larger window, potential buyers will probably feel the same.

Don’t go overboard. Concentrate on improving two or three deficiencies in your home. More than likely, the time and money you spend adding quality to your home will be rewarded with greater profit at selling time.

As always, I'm here to walk through your home with you at no cost to you, and give you a humble opinion of what is the best upgrade for your money.

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I hope you enjoyed this article. Please feel free to forward this on to others that might appreciate the information. As you know, I am a real estate agent specializing in your neighborhood and have access to excellent Realtors in other areas as well. Referrals are extremely important to my business. I would be most grateful if you would put me in touch with people you know that might be selling or buying a home. Thank you for the support.