Could Costa Mesa Homeowner Improvements Hinder Resale?

By
Real Estate Broker/Owner with The L3 Real Estate, A Trusted Name In Orange County Real Estate #00573423

   

 

    If Costa Mesa homeowners search the web for anything like “surprising things that decrease your home’s value,” they will be answered with literally millions of links. Some of the “surprises” are anything but. "An Outdated Bathroom,” for instance, is hardly surprising. Likewise, “Brightly-Colored Kitchen Cabinets” (especially if it’s accompanied by a picture of a blinding expanse of fire-engine red cupboards)—or any other similarly daring design statement that has the effect of limiting the prospective buyer pool.

    But Costa Mesa homeowners could find a selection of more thought-provoking answers in a recent Sunset magazine spread. The leading “thing that decreases your home value” were these:

          • An Expensive Kitchen Remodel. How could this actually decrease any Costa Mesa homeowner’s property? The answer (Sunset admitted it was counterintuitive) was apt: because the owner, even if only fractionally raising their property’s asking price, would run the risk of overpricing the local market—and losing prospective buyers to neighbors who chose to let their new buyers decide if and when to undertake the kitchen remodel. Sunset’s prudent recommendation was to see if “a few small changes”—like removing cabinet fronts, swapping out the faucet, or replacing hardware—might suffice.

          • Sacrificing a Bedroom. Because the number of bedrooms and bathrooms are basic qualifiers when prospective buyers go house hunting, the idea of turning a spare bedroom into a gym or home office can be a prospect-limiter. These days, every Costa Mesa buyer already knows that any bedroom can become a home office.

          • Wallpaper. Hard to get right; easy to get wrong.

          • Textured Walls & Ceilings. It’s really true: such design additions are too often design minuses for many buyers—and actually can be such a turnoff that they disqualify an otherwise leading candidate.

          • High-Maintenance Exterior. Before adding extensive landscaping or a pool, Costa Mesa homeowners should consider the possible buyer-dampening impact any high-maintenance feature might have. Sunset added “lots of trees” to that list, but I might differ there—especially if the homeowner plans to stay in Costa Mesa long enough to see the saplings established (2-3 years for most species).

    Improvements that might actually decrease the sales potential of your home isn’t something most Costa Mesa homeowners think about—but it’s certainly something to bear in mind. For any Costa Mesa real estate questions, I’m always delighted to share the current market overview. Call us!

 

We are built on a philosophy of Heritage & Hustle L3 is a full service real estate agency with a regional office located in the heart of #CostaMesa, offering a wide-array of custom services to meet their clients’ needs with roots in the community since 1976. It’s L3 mission to provide trusted, convenient, responsive service to ensure clients enjoy their real estate experience. L3 was originally formed to offer personal, concierge-level service as an alternative to the large, nationally based real estate companies. From its small beginnings of only two employees, L3 has grown to a full staff of 20 serving over 300 clients a year. L3 is not limited to serving just its clients; it is also committed to serving the community. Not only has L3 donated hundreds of hours to many area charities, they have also received the prestige of being named one of the #toprealestatecompaniesinCostaMesa If you’re interested in #buyingorsellinginOrangeCounty, turn to the experts. Turn to L3 and let them help you make your real estate buying or selling dreams come true. For more information or to get started on finding or selling your home contact L3 today at 714-444-4663 or email us at info@thel3.com

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California Orange County Costa Mesa
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ORANGE COUNTY, CA REAL ESTATE
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Rainmaker
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William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I have seen this before where the seller starts a projects and not finish it

Mar 20, 2019 10:49 AM #1
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Larry & Laurie Weichman

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