Renovations Pay

Renovation Remodel Pay increase sale price listing price

For many homes that are older or look outdated regarding the style or design it could make sense to think about some renovation or remodelling before trying to sell them. By these improvements you can make your home more competitive, at the same time however you need to make sure that you get your investment back when selling it.  Some projects do not really pay off, others however might be very useful and upgrades always catch the eye of the buyer.

 

There are plenty of factors that influence these value adding measures. These factors are very local and often are different depending on the neighborhood the property is in.  By investing your money into the wrong improvements you will end up paying more than increasing the attractiveness or value of the property.

 

Example: If you live in a home with 2 bathrooms in a neighborhood where 3 bathrooms are considered standard you would probably make a good decision to add a third one. Increasing your living area to the double size of others in the vicinity will most likely not pay off. Local standards play a big role when looking at these improvements.

 

Renovating or remodelling your kitchen or bathrooms are in most cases a good idea. A brandnew air condiion usually is also seen very positive and will be paid for. However replacing doors, windows and cabinets are mostly not recognized that much by the buyer. Adding a swimming pool to a home in a neighborhood full of pool homes is definitely worth looking into, as it might not only cover the cost but also get you more than what you paid for.

 

 

 

 

 

 

 

 

 

Lanai area before (left part of the home)

Complete pool area covering the full width of the home

 

I can give you advice regarding improvements worthwhile. Together with renovation & remodelling specialists as well as licensed general contractors we can determine which projects are worth the effort and your money.  You can find more information under the menu "Renovation"