We get asked quite a few times when taking our Sellers listings about Remodeling and if they should attempt any before their Santa Clarita Listing enters the Market for Sale. Paris and I tell them to wait until their property experiences some of the exposure we do with regard to where over 88% of those searching for Real Estate go to find homes that are for sale. If you “Google” specific properties – There is a HUGE chance you will see our websites hit on Page 1 with the organic search results – this is not by chance. Depending on the Real Estate market – we tell our sellers to stand down and not to do any remodeling when they are preparing their home for sale.
There are many remodeling Dos and Don’ts to examine before undertaking a project with regards to your real estate investment. Underscoring any remodel is a homeowner’s financial position and commitment to the home. If a remodel is being conducted to create a livable space to be enjoyed for some time and money is no object then remodel choices are not necessarily subject to an analyzing of the return on investment. If money and value are important and the home will be sold after a remodel takes place then paying attention to current trends and cost vs. value reports is important.
Don’t go over the top. No matter what the remodel, whether it is a kitchen, bathroom, or addition, going over the top with finishes, appliances or accessories will automatically reduce the return on your investment. It is important to keep in tune with your neighborhood. If you are in a gated luxury community then your finishes do need to be high end. You don’t want to have the most luxurious house in a neighborhood because you simply won’t get the return on your investment.
Do go green. Improving your home’s efficiency and impact on the environment can reduce monthly bills and make a home more appealing to potential buyers. It is important to remember that green is in.
Remodeling a home is carried out for one of two reasons: to add value or to make a home more livable. Knowing your reason for a remodel will factor into your choices. In the end, however, most people want to add value not reduce value in a home. Knowing what is going on in real estate will help you get the result you are looking for.
There are several options – you need the right advice that corresponds to the current real estate market. If it is a buyers market – you might want to think about remodeling and changes to your for sale home. If the seller’s hold all of the cards – the “AS IS” option will be best. Hang in there – let us know how our Real Estate Team in the Santa Clarita Valley can help you.