Remodeling To Sell Your Home May Not Be The Best Plan

Dated: 04/30/2018

Views: 52

Image title

For many sellers, remodeling seems like a great way to increase the value of their home and get a higher offer when they put it on the market.

But if you’re thinking of remodeling before you sell, you might want to rethink your strategy.

According to the 2017 Remodeling Impact Report from the National Association of Realtors®, of the 15 interior remodeling projects surveyed, only one recovered the entire value of the project—hardwood floor finishing—and a whopping 11 of the 15 recovered 65% of the invested value or less.

Now, if you’re looking to remodeling as a way to make your home a better fit for the long term, then it could be the right move. According to the report, 75% of owners had a greater desire to be in their home after a remodel, and 65% say they have increased enjoyment of their property.



The Takeaway

If you’re looking for a return on investment, remodeling might not be an ideal way to spend your money. (Consult with a trusted local real estate agent before proceeding.) However, if you’re just looking to transform your home into a place you truly enjoy, remodeling might make more sense.

Blog author image

Christina Probeyahn

Philosophy: Christina is your advocate. Whether buying your first home, or selling your last, Christina will work to guide you through every step of the process and fight for your best interests ever....

Latest Blog Posts

Gorgeous Lake Front Home

Click on this link for a video tour: https://www.youtube.com/watch?v=QmoQ0nj6DCg&t=1s33946 Picciola DrFruitland Park

Read More

looking at homes remotely

Problem:  you are out of state  and want to buy, but afraid it will be gone  before you  are able to  come see it.  Solution:  We can video  or facetime

Read More

1 Reason To List Your House Today

The #1 Reason to List Your House Today!Many people believe that selling their house during “the spring buyers’ market” is the best thing to do. Their reasoning is that there will be

Read More

Thinking Of Buying A Home What Are You Waiting For

First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers, PricingThinking Of Buying A Home? What Are You Waiting For?With spring right around the corner, you may be

Read More