Don’t Make Home Improvement Mistakes
Are you investing too much into home improvements? You bet you are if your projects "over-improve" your house for your neighborhood.
As your personal real estate professional, I can tell you exactly when a remodeling project is an "improvement" and when it doesn’t pay. I see the bottom line at resale. (Especially when a huge equity loan drains dollars from my clients’ net proceeds needlessly!).
The FIRST secret to evaluating whether a remodel pays is a comparable analysis of the property in relation to the houses nearby. Will the cost (and aggravation) of the project be returned at resale? After all, an investment that returns 90% is still a loss of 10%.
The SECOND secret is to see if there is an easier way to achieve the same goal. Sometimes getting the features you want is less costly and easier if you sell and move into an entirely new house.
* AL Grant
Al Grant Realty Group – Re/Max Allegiance
Office Phone: 202-580-6607 – Cell Phone: 202-256-8592
Join us on Facebook: Click Here!
The finest compliment I can receive is a referral from a friend, client or colleague. If you know of someone thinking of purchasing or selling a home, I would appreciate an introduction. Be assured, I will extend to them my highest degree of service and professionalism.