I recently watched a segment on the NBC Today Show about remodeling to sell. It made me think about our remodeling experiences. We remodel not to sell, but to improve our home for ourselves. With the real estate market being in a lull, many people are updating kitchens and baths - a great decision to help them sell, but my question is - Why Wait? Many statistics show the return on investment for home improvements are more than 100% for kitchens and baths, but what are these statistics based on? Previous year or current year home sales?
I say to homeowners - if you plan on remodeling in order to sell your home in the future - do it now and enjoy your new living environment! Put in the new floors, update the kitchen and bath with a new look - save "remodeling to sell" for new paint, minor fixes and new carpeting. You'll enjoy it much more - let's face it - selling a home is a huge stressor. Remodeling on top of trying to sell? Can someone pass the Zanax?
What do you think? Share your perspectives for all of us to consider!
Kate
Owner, Simply Beautiful Spaces, LLC
www.simplybeautifulspaces.com
p.s. If you're wanting to update your lhome without remodeling, consider a ReDesign! Contact kate@simplybeautifulspaces.com for more information.
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Usually it all depends on cash flow.....if you are in a position to remodel now then great, but if you are stretching yourself because you know a sale is on the horizon and you will recover the money people are more likely to stretch their budget.
But I agree with you....remodeling and enjoying it allows you your cake and ability to eat it too.