The Real Estate Encyclopedia
Why Should I Consider Renovating My Home?
Category - Home Ownership Questions - Defects & Renovation FAQ's

In many cities across the United States, buyers interested in avoiding long commutes and traffic jams, are considering the remodeling of older or existing homes, some of them built in the 70s and 80s . 

 

With some financial investment, an older home can be updated to include modern-ay features such as open floor plans, granite countertops and modern gourmet kitchens, while offering a more convenient location.  The homeowner or prospective buyer should interview several construction or design contractors and know how to invest the remodeling money, to get the best return by driving the value of the home higher. It pays to research the subject of remodeling, since not all updates will earn the same returns when the home is re-sold.

 

Some investments, such as for example pools, are not necessarily desired by every buyer and may not result in a good investment.  On the other hand, a remodeled kitchen with granite countertops, beautiful stained cabinets and stainless steel appliances, as well as a nicely finished basement with a media room are highly desired features, which buyers are willing to pay a premium for.  

 
Category(s)
Home Ownership Questions - Defects & Renovation FAQ's
Home Selling Questions - General Home Selling FAQ's
Home Ownership Questions - General Home Ownership FAQ's
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