Ar_home_b_search
 


When the housing market's hot, it seems like just about anyremodeling project is a good investment and adds value to your home. But when the market is tight, you want to be more selective about which projects you undertake, and know what you stand to gain in return.

So whether you've been thinking about boosting your home's value, its curb appeal, or just making your living space more comfortable for you and your family, the ideas below can help you cost-effectively achieve your goals in any market.

First Things First. Buyers often decide whether to look at your house before they even get out of the car. Before you spend a lot of time and money remodeling the inside, you may want to look at the outside. Washing windows, repainting trim, planting flowers, and fixing screens can make a big difference. For even more impact, you may want to consider replacing your siding or even adding a patio or deck. The added value for these bigger projects won't yield as high of a return on investment, but may help your house stand out from the rest. So, weigh your options and ask your REALTOR® for advice before starting a big project.

Make Yourself at Home. Making a cozy first impression is critical. To make sure your entryway is inviting, try adding a fresh coat of paint to your foyer or a wicker chair and table outside the door. For even more impact, replace those old light fixtures and update the floor in your entryway.

Sparkle up that Old Bathroom. Remodeling an old bathroom can make a big impact. For very little money, you can add a new faucet to your sink, a new medicine cabinet on the wall, and even new paint or wallpaper. For a little more oomph, you can update the bathtub, add a double sink, or re-tile the floor.

Even Better: Add a Second Bathroom. Perhaps no improvement makes a bigger impact on your family's comfort and your house's appeal than adding a second bathroom. The number of bathrooms is always a big sticking point for potential buyers, especially families with two or three children. Although adding a bathroom costs more than simply fixing up your old one, it also increases the value of your house more. Plus, having that second bathroom may help you sell your house faster than if it only has one...an important point to consider in any market.

Make it Hot in the Kitchen. Renovating an outdated kitchen is a great way to improve your home and its value. Plus, you don't have to splurge on extravagant items like hand-painted Italian tile or built-in espresso machines. Focus on the basics: installing new flooring, adding a backsplash and a new coat of paint, re-facing existing cabinets, installing new counter tops, and possibly installing new appliances. These go a long way to making you, or a potential buyer, feel right at home.

Remember, start small, work your way up, and always plan ahead. You don't want to get halfway into a renovation only to find that you have to update your entire electrical system, or that you forgot to apply for a permit. So, check your local zoning codes before starting any remodeling project.

Renovating your home doesn't have to mean huge and expensive changes. You can make your house more comfortable and valuable with very little time and money.

If you would like more tips on easy ways to improve your home's appeal, don't hesitate to email or give us a call at 678-648-5626.

 

If you enjoyed this post, why not connect with me elsewhere?

        

If you’re looking for a mortgage in the Atlanta area, you can visit my primary Peachtree City and Newnan mortgage lender website at www.wdarrellwalters.com. If you’re interested in Free Business Boosters for Real Estate, visit www.freebusinessboosters.com. Thanks!

 

 
This post has been included in Georgia Real Estate News

11 Comments on Tips for Remodeling in Any Market

MAR
15
2010
1 Featured Post

Great tips I am going to send this to a listing of mine

tHANKS

8:12am • #1
421,694 Points 76 Featured Posts Called Shot Master

Darrell - Good advice for sellers, especially: Remember, start small, work your way up, and always plan ahead.

8:17am • #2
204,258 Points Attended Rain Camp

That is some great advice, especially about cleaning up the outside.

8:33am • #3
307,474 Points 32 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Great guidlines...always caution to select projects in keeping with the neighborhood. Don't overbuild and think that they will still come.

8:40am • #4
424,483 Points 3 Featured Posts Outside Blog

Thank you for the tips... the old adage, you never have a second chance to make a first impression is so true... and it begins with curb appeal.

8:41am • #5
268,941 Points 2 Featured Posts Called Shot Master

Terri, Thanks. Please pass it along to anyone that could use it.

 

Glen, Great advice. I've worked with a few clients that over built for the area and they couldn't understand why they couldn't get all the money out of the investment.

8:44am • #6
470,002 Points 10 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Excellent list!  It's surprising the number of sellers, even in this market, that don't pay attention to the little things!

8:52am • #7
270,216 Points 2 Featured Posts Localism Sponsor Outside Blog

Smart tips!  Sellers would do well listening to your advice.  Have a great week.

7:43pm • #8
MAR
17
2010
567,517 Points 21 Featured Posts Attended Rain Camp Called Shot Master

I'm impressed!  Someone is in touch with their inner "stager" I see!  Very good advice!

10:47am • #9
APR
02
2010
JUN
11
2010
Called Shot Master

Darrell:

I'm jumping in to this discussion late, but those who got quotes in early spring may be at the decision stage or underway.  This is a great post and very timely for remodeling work this summer.  The only item I would add, perhaps more for real estate professionals than potential buyers, is to understand how new construction is assessed by your local assessor.  If you sell or work with lots of buyers who want newly remodeled homes it will be worth a call to your friendly local assessor (really, they have public relations outreach programs) and ask:

1. The effective date for assessments or the next reassessment

2. How partially completed residential construction is assessed

3. If they have supplemental assessments for new residential construction completed during the assessment year or between reassessment cycles.

You don't want a new buyer to get surprised by an increased property assessment and hold you responsible for not informating them.  As with other things related to real estate assessments and real estate taxes, each state can vary so be sure to check with your local assessor and be careful not to follow the general advice given for other states, or even other cities and counties within your own state.

12:15pm • #11

What does the graphic say?

Leave a response…



(optional)
What does the graphic say?
 
Envoy_profile Rainmaker_large

Darrell Walters

Newnan, GA

More about me…

W. Darrell Walters - Envoy Mortgage Ltd

Address: 176 Millard Farmer Ind Blvd, Suite B, Newnan, GA, 30263

Office Phone: (678) 561-5626

Cell Phone: (678) 326-0417

Email Me



Listings

Links

Archives

RSS 2.0 Feed for this blog

Find GA real estate agents and Newnan real estate on ActiveRain.