Geist Real Estate Agent discusses Renovations and Paybacks

By
Real Estate Agent with Keller Williams Indy NE 317-290-7775 www.marchantteam.com

Originally posted at My IndyWaterfront Blog

Spring has arrived.  As a result many Geist homeowners will consider whether to renovate their existing home or buy a new home in Geist.

Renovations are always good news.  If you don't move you will enjoy the new look and feel of your home.  If you eventually move it will increase the resale value of your home.Marchant New Kichen

The question is how much!

Let me give you some examples of renovation costs and returns in the Geist/Indianapolis area.  If you were to make a bedroom in the attic and spend $50,000 or so you could expect a 71% return.  A major kitchen remodel (this would include cabinets, flooring, appliances and countertops) would be about $60,000 and would return about 60%.  I've included a picture my kitchen after it was remodeled.

Renovation or remodeling that deliver less return would include things like a sunroom addition or a home office remodel.  Those typically would return less than 50%.

Be sure to check out the complete remodel costs and returns list.  If you need a couple of good names of contractors who do excellent work; I am your Geist Real Estate Agent resource!  I can definitely give you some names for folks to interview.

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 Cindy "in Indy" Marchant - Geist Real Estate Agent
Keller Williams Realty Indy Metro NE
Geist IN Real Estate Website

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Posts to Localism
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31 Days of May Challenge 2011
Tags:
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Rainmaker
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Dawn A Fabiszak
Private Label Realty ( Denver metro area, Colorado - Aurora, CO
The Dawn of a New Real Estate Experience!

Cindy ~ that is always a question that comes up with homeowners.  It's great that you have the research available for the Geist homeowners.

May 17, 2011 11:46 AM #1
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Melissa McKinney
McKinney Realty Group - Fayetteville, NC
Realtor, www.LivingFayetteville.com

Cindy~Great information! Updating a kitchen is always a good way to go... Nice that you have someone to recommend, they are hard to come by!

May 17, 2011 12:42 PM #2
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Cindy Marchant
Keller Williams Indy NE 317-290-7775 www.marchantteam.com - Carmel, IN
"Cindy in Indy" , Realtor, Fishers Real Estate

Hi Dawn, I do get this question all the time...easy to write about.

hey Melissa...we updated our kitchen probably 4 years ago...I did it more for me than resale and it's my happy place...

May 17, 2011 12:59 PM #3
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Karen Crowson
Coldwell Banker Residential Brokerage - Rancho Bernardo, CA
Your Agent for Change

Cindy, your kitchen is gorgeous. And your first priority should be what works for you while you live there, but keeping resale in mind is always a smart move. Like your new profile photo too!

May 17, 2011 01:38 PM #4
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Eric Michael
Remerica Integrity, Realtors®, Northville, MI - Livonia, MI
Metro Detroit Real Estate Professional 734.564.1519

That's a great kitchen picture! I have the same flooring in mine.

May 17, 2011 02:07 PM #5
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Cindy Marchant

"Cindy in Indy" , Realtor, Fishers Real Estate
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