HGTV, a 4-Letter Word

Reblogger Joyce Marsh
Managing Real Estate Broker with Premier Sotheby's International Realty BK659279 

Today, I am sharing this blog written by Debe Maxwell, of the Maxwell House Group at RE/MAX Executive in Charlotte, North Carolina.  The points that Debe makes in her blog are applicable regardless of where in the country you are located, even here in central Florida.  Let's face it... HGTV offers some really good shows, but they are, after all, there for our entertainment.  In the REAL WORLD... NOT SO FAST!  Real estate is local and you really must consider the source when watching these TV renovation shows. Yes, they may have some great ideas and some amazing outcomes but, in your area, are those renovations worth it? What is it going to take to do those renovations? How long is it really going to take to get through just the planning process, much less actually having the renovations completed? Will there be drama involved and will I see a return on my investment (ROI)?  These are questions that need to be addressed before you purchase a "fixer-upper".  Make sure you consult with a Real Estate professional in your area to get the up to date facts.

Original content by Debe Maxwell, CRS 228209

HGTV, a 4-Letter Word

 

Not only a 4-letter initialism (Home & Garden Television) but, in many real estate agents’ opinion, it’s a 4-letter word!

 

In a recent news exposé, several of the reasons we, as agents, have issues with HGTV were touched upon.  Here are some of the key reasons we consider HGTV a four-letter word to us!

 

  1. #CharlotteHomeRenovationWAIT! Knocking down walls is NOT that easy. It is, however, easy to say, “Tear down those walls” but, in reality, we are NOT structural engineers and don’t have a clue as to whether or not the wall in question is load-bearing or not. It costs several hundred dollars just to have a structural engineer to consult.

  2. Negotiations don’t typically take place in coffee shops! Yeah, no! This is NOT how they go down! In fact, there is a lot of phone tag that is played throughout the negotiation process OR negotiations are even sometimes done via text or email - never in the coffee shop!

  3. Buyers don’t negotiate at the coffee shop and then Close on the house AND have the renovations all completed to turn-key status in 48 hours - heck, the Title search takes longer than that!

  4. Hold onto your wallet! - Most people don’t have the funds to spend willy-nilly on a second home, renovating it while they live in another home. The rare few may but, the vast majority of the population does not have that financial capability, let alone the funds to spend on major overhauls. According to HGTV, a kitchen renovation that looks positively spectacular - the best dream kitchen you can muster up in your mind - is only $5,000! In the real world, granite for an entire kitchen will run you more then $5K!

  5. Oh, those nagging permits! Reflecting upon the last issue, time in #4, permits can take as long as 14 days in our municipality - and we think we move pretty quickly in our permitting department. And, don’t even THINK about beginning work without one. Doing so could necessitate you ripping out walls and the work done in not on record when you sell your home. Just bite the bullet and obtain those permits NOW.

  6. #CharlotteHomeRenovationOh, the drama! A good real estate agent protects their clients from any and all drama. On the rare occasion that a client is pulled into situations, it is legally unavoidable. Otherwise, the HGTV drama is so over-the-top and SO not how I would want to work if I were a consumer. Our services are called white glove for many reasons and keeping our clients out of situations and focused on their big move is one of them.

  7. Just because it looks cool, doesn’t mean the ROI is worth the renovation. As a Charlotte home buyer, you simply must listen to your experienced agent when it comes to your return on investment (ROI). If the entire home needs an overhaul, you will NOT get every dime back that you put into it (and then some, according to HGTV). The same goes for Charlotte home sellers - updating some things in your home is just not worth it. The high ROI items often fluctuate based upon the local buyers’ preferences so, what was a high ROI 5 years ago, may very well not be one today. Seek advice from your Charlotte real estate agent - he/she is FAR more informed than anyone on a national TV show!

  8. Last, but certainly NOT least - Lowball Offers are NOT in vogue in a sellers market - under any circumstances! I just sold a fixer-upper to a buyer, intentionally looking for a home that they could make their own and they absolutely did not want new construction. They paid 25% above list price to win the bidding war - yes, you read that right, 25% above list. I also had the same experience with a small ranch home recently as the listing agent…same thing, 25% above list price and we had 27 Offers on the property. MOST of them were over but, there were some HGTV watchers who lost out again…offering below list price.  

#CharlotteHomeRenovation
Real estate is local and you really must consider the source when watching these TV renovation shows.
Yes, they may have some great ideas and some amazing outcomes but, in our area, are those renovations worth it? What is it going to take to do those renovations? How long is it really going to take to get through just the planning process, much less actually having the renovations completed? Will there be drama involved and will I see a return on my investment (ROI)? These are questions for your local Charlotte real estate agent…not someone on TV!

 


 

 

These are just a few of the reasons that we feel that HGTV is a 4-letter word! Disillusion is one word that encompasses all of the reasons. See your local real estate agent for the ‘real scoop’ when it comes to home renovations.

#CharlotteHomeRenovation    #HGTVorReality 

© Debe Maxwell | The Maxwell House Group | CharlotteBroker@icloud.com | HGTV, a 4-Letter Word

 

     

Charlotte Real Estate Team - The Maxwell House Group

 

  Charlotte NC Homes for Sale

 (THE best Charlotte home search available - no kidding!)

Charlotte NC Real Estate Agents 

 

Charlotte CRS Agent


Debe Maxwell, Realtor®/Broker/CRS

RE/MAX Executive

CharlotteBroker@icloud.com
Direct:  (704) 491-3310

 

               Search Charlotte Neighborhoods      Search Charlotte Homes for Sale       Relocate to Charlotte NC

                               Things to do in Charlotte NC     Charlotte Real Estate Information

          

Charlotte Real Estate on Pinterest  FacebookFollow me on TwitterYou Tube  Connect with me on LinkedInSubscribe to my RSS feedCharlotte Real Estate on Pinterest

subscribe to my Active Rain BlogEmail meSearch Charlotte NC MLS

Follow me on Google+

Disclosure of material contained within

Get Charlotte's Best Home Search App
Download Charlotte's hottest new app for up-to-the-minute listings and the most accurate neighborhood information available on the web!

DOWNLOAD CHARLOTTE PROPERTIES AT THE APP STORE

GET THE CHARLOTTE PROPERTIES APP AT GOOGLE PLAY
close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Home Buying
Location:
Florida Volusia County Ormond Beach

Spam prevention
Show All Comments
Rainer
16,794
Ezra Beyman
Empire American Holdings - Manhattan, NY
Ezra Beyman is a seasoned real estate professional

Great advice! A lot of people watch HGTV and think that they can apply what they see in the programming to their own houses and properties. It doesn't always work like that, unfortunately. Thanks so much for sharing!

Sep 25, 2018 01:36 PM #1
Rainmaker
3,985,637
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I have seen I have seen many smart person think this site is the  best thing since sliced bread.  Sadly they miss our on bad info this show gives.

Sep 25, 2018 04:51 PM #2
Rainmaker
801,201
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

This one is so good. I have it bookmarked to reblog as well! -Kasey

Oct 09, 2018 10:43 AM #3
Rainmaker
1,177,713
Joyce Marsh
Premier Sotheby's International Realty - Ormond Beach, FL
Premier Sotheby's International Realty

Ezra Beyman Thanks for stopping by. Some people tend to forget it is TV and not real life. 

Oct 11, 2018 05:06 AM #4
Rainmaker
1,177,713
Joyce Marsh
Premier Sotheby's International Realty - Ormond Beach, FL
Premier Sotheby's International Realty

William Feela I agree completely. Thanks for stopping by. 

Oct 11, 2018 05:08 AM #5
Rainmaker
1,177,713
Joyce Marsh
Premier Sotheby's International Realty - Ormond Beach, FL
Premier Sotheby's International Realty

Kasey & John Boles Debbie did a great job on this post. Definitely worthy of a reblog 

Oct 11, 2018 05:09 AM #6
Rainmaker
1,177,713
Joyce Marsh
Premier Sotheby's International Realty - Ormond Beach, FL
Premier Sotheby's International Realty

In real life construction takes a great deal longer, and usually ends up costing a lot more than what was expected. Always be prepared for the unexpected. 

Oct 15, 2018 03:11 AM #8
Rainer
79,913
Julius Schoenherr
J. Schoenherr Const. Co., Inc. - Daytona Beach, FL
Building Contractor - Daytona Beach Area

Most of those reality shows are way off from reality. There are so many other factors that they never take into consideration.

Oct 31, 2018 01:24 PM #9
Rainmaker
1,177,713
Joyce Marsh
Premier Sotheby's International Realty - Ormond Beach, FL
Premier Sotheby's International Realty

Thank you all for stopping by to share your thoughts and comments.  It is always nice to hear from you.

Dec 27, 2018 07:40 PM #10
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
1,177,713

Joyce Marsh

Premier Sotheby's International Realty
Ask me a Question
*
*
*
*

Additional Information