Sunday, August 2, 2009

“It pays to keep remodeling costs 'within the neighborhood.”

If you have grand plans for improving your home or expanding its size, make sure you don't "over-improve." Few homes sell when priced more than 20% above average home prices in a community. The more you spend, the less return you're likely to get on your investment.

Although you may like the neighborhood you're in, it could be more cost-effective to sell your current home and buy another (perhaps in an adjacent neighborhood) that already has the space and features you're looking for. Give us a call to learn more about property values in your community before you go ahead with remodeling plans.

No comments:

Post a Comment