Upgrades To Your Home.

By
Real Estate Broker/Owner with Janice Joy Ltd.

 

Upgrade your kitchen and master bath and you will instantly see a high payout is the common wisdom in the home improvement market. But putting in high-end appliances and upgrades to your home does not instantly ensure a full recoup of the costs plus profit. There are other factors involved in a smart home improvement plan.

Updating a kitchen with all of the latest high-end materials like granite countertops and cherry cabinets used to be a sure-fire way to improve a home, and its price on the market. Nowadays, however, home sellers are discovering that they might have taken on too many home improvements and priced themselves out of their neighborhood.

There is much more inventory on the market currently than there was during the real estate boom. For this reason, home buyers are less and less impressed with granite countertops and custom design work. However, for the sellers who have spent thousands with the hope that the improvements would help them sell their homes fast and for more money, a nightmare awaits. Upscale renovations are now returning roughly 70% of their initial costs, giving many home sellers a startling shock. Sellers who have thought their upgrades to be a sure thing are instead left wondering what went wrong.

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At

Anonymous
Post a Comment
Spam prevention
Spam prevention
Anonymous
Post a Comment
Spam prevention
Rainer
11,082

Jan (Flood) Dowling

Don't Make A Move,Without Me!
How Can I Help YOU?
*
*
*
Spam prevention