During my years in real estate, I've seen many cases where homeowners made home improvements assuming they would recoup their investment when they sold, only to find to their dismay that the improvements added nothing to their home's market value and, in fact, even DECREASED it.

How could this be? Actually, there are many variables involved in how home improvements relate to market value, so the question is more complex than it seems. Some of these variables refer to the general usability of the improvements, while others refer to an individual owners tastes and needs. For instance, while remodeled kitchens and added bathrooms nearly always generate a good return, a new swimming pool that means so much to one owner, often makes a property less saleable generally, and so it decreases it's market value. This is just one example.

So if you live in Montgomery, Chester, or Berks Counties & are thinking of remodeling, renovating, adding on, etc., please give me a call first. Even if you don't plan on making a move! From experience I can help you determine how your home improvements are likely to affect the value of your home. This will enable you to develop a strategy for making improvements, as well as adjust your expectations about how much of their cost you'll recoup when you decide to sell.

Make it an awesome day!

Glen Russell 610.792.3000

WWW.GlenRussell.Com

Glen@GlenRussell.com

 
This post has been included in Pennsylvania Information

0 Comments on How Remodeling Can Increase or Decrease a Homes Value

Leave a response…



(optional)
What does the graphic say?
 
Glen_close_up_2 Rainmaker_large

Glen Russell Real Estate Professional Collegeville, PA

Collegeville, PA

More about me…

Keller Williams Realty

Address: 542 N Lewis Rd, Limerick, PA, 19468

Office Phone: (610) 792-5900 x 8124

Cell Phone: (610) 564-5400

Email Me

Real Estate Information for buyers, sellers, and agents in Collegeville, PA , and surrounding areas


Links

Archives

RSS 2.0 Feed for this blog

Find PA real estate agents and Collegeville real estate on ActiveRain.