Remodeling Return on Investment (ROI)

Not all Home Improvements are Created Equal

This list I agree with, but I would add an updated kitchen and bathrooms really seal the deal.  One thing I recommend is having the work done by a professional, or in a professional manner.  Buyers and their inspectors can see through any fluff.  Don’t put lipstick on the pig.  Make sure when you remodel or replace/repair that you do not cut corners.  Be prepared when creating your budget that you have a cushion for those unseen problems hiding behind those walls.   And, if you are fortunate enough to not find any issues when remodeling, then you get to use the “cushion fund” for more improvements!  Good “bones” in a home is way more attractive then a janky flip home any day!

If you are not in a position to remodel a home to improve the ROI, then I suggest going through the home and making sure the home is in tip top shape.  Perform maintenance on furnace, clean out dryer vents & gutters, check for leaks under the house, etc.  These are all items that a home inspection report can address.  For a fee of around $450 you can get a report on your home as a guide to help with those repairs.  It is worth it so you know of any active issues that you can take care of or watch to prevent a bigger issue.  When it is time to sell your home you will be prepared to price it with the lack of improvements.  But can be confident the homes “bones” are in tact.  No hidden surprises for you or your pocket book.  

Posted on March 7, 2019 at 3:59 pm
Mandy Corriea | Category: Buyers, First Time Home Buyers, Real Estate, Relocation, Sellers, Uncategorized

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