Recouping Remodel Costs?
I’m up to my eyeballs in a major remodel right now… so I thought it would be a good time to chat about the lastest remodel versus move costs … Many of our clients ask – will we re-coup the cost of doing updates and remodels with an increase in sale price?
I wish I could say yes, but in general, the answer is no …
… however, what you will do is improve the saleability (is this a word?) of your home, and increase the chances that your home will sell when there are a lot of other homes for sale in your neighborhood. That said, today’s market has more homes on the market than in recent years, so it’s important to put your home in the best light when on the market.
Rather than remodeling, we recommend doing some cosmetic updates, such as paint or carpet, and repairing broken items. Trisha and I work with each of our clients to help them decide what makes the most sense to update. We also spend time with our clients in staging the home to sell.
That pool table in the dining room may fit your lifestyle, but isn’t a fit for most buyers. So pack up the pool table and stage with a dining table to make your home feel more like home to more buyers.
So, you ask, why am I doing a remodel? Well, first of all, we’re not remodeling to sell — we like the location and the lot size of our current home. The home itself was just too small and too outdated. We looked for other homes that had what we wanted, but weren’t happy with what we found — so doing a remodel works best for us.
So … if you’re considering doing a remodel — here’s a link to average Southern California remodeling costs according to the Remodeling 2010–11 Cost vs. Value Report (www.costvsvalue.com) …” Posted with permission from Cost vs. Value.
http://www.remodeling.hw.net/2010/costvsvalue/division/pacific/city/san-diego–ca.aspx
If you’re thinking about selling and need some tips to prep your home — just give us a call …
See you around the neighborhood …
Trisha & Judy, REALTORS
Trisha Daly / Judy Bramer
SOLD@TrishaAndJudy.com
www.TrishaAndJudy.com
Clairemont Homes for Sale
858.490.8112 – office
RE/MAX Associates
DRE# 006953900 / 01341642
