Comments for homesredo.com

Comment on Do home improvements really add value? by charlie_the_carpenter

charlie_the_carpenter — Fri, 11 May 2012 09:55:30 +0000

Remodeling Magazine and some others come out with an annual report called cost vs value. It shows what % of your costs you should recoup in different cities and areas of the country. (USA)

Comment on Do home improvements really add value? by The Invisible Man

The Invisible Man — Fri, 11 May 2012 09:15:35 +0000

Those home improvement shows are such hype. They take old dumps that really should be bulldozed and practically rebuild the house. Indeed a new home could be built for what they so often waste on “propping” up an old piece of garbage.
Sure, people will come out and appraise it for more, not because it actually is better but because taxing entities want more tax money.
Those shows are not realistic about the costs of their renovations either. It’s just the usual game of hyping by renovators and real estate shylocks to make people believe that real estate is worth far more than it actually is. Unfortunately, this ilk has gained such control of the real estate market that homes don’t sell for their actual worth but for their limited supply (in other words, there is a very very limited amount of homes sold at actual worth because these people have gained control of the market and inflate the price any way they can). It’d be better to build from the ground up.
The only way to really pay yourself back for home improvements is to do it yourself to keep costs way down.

Comment on Do home improvements really add value? by eskie lover

eskie lover — Fri, 11 May 2012 08:52:47 +0000

Well, it has in every home I’ve ever owned and improved, whether I lived in it or used it as a rental. The proof is in the MLS listings from what the property was purchased at and what it sold for after improvements minus the percentage of increase for existing unimproved properties in that real estate statistical marketing area. And you do get an appraisal when you purchase the property and again when you sell the property or re-finance. The mortgage company will not lend you more money than the property you are purchasing is appraised for and that appraisal is based upon the improvements or lack thereof on the property at the time of purchase. When you go to sell the property, the purchaser’s mortgage company consults the original appraisal, notes the improvements and re-appraises inclusive of the value added by those improvements. Every appraiser carries around a book that lists the value of improvements from patio covers, to kitchen and bath remodels, to room additions, etc. for the market in which they operate. It does vary by zip code, county and even part of the country in which the real estate is located.

Comment on Do home improvements really add value? by wisepaes

wisepaes — Fri, 11 May 2012 08:35:08 +0000

Adding another spare bedroom or bathroom adds value. If you add another full Bathroom in your house you can get 7000-12000 more when you sell your house………….

Comment on Do home improvements really add value? by judy_baker32

judy_baker32 — Fri, 11 May 2012 08:25:06 +0000

i would have to say yes brings your property value up which is a good thing.

Comment on Do home improvements really add value? by tonevault

tonevault — Fri, 11 May 2012 08:08:45 +0000

I read a solid study, and I can’t remember the source, but it said that YES, the most popular improvements will give you more equity than your initial investment.

Upgrade kitchens, baths, dual-pane windows, master suite enlargements, paint…..Hard to lose UNLESS you are in a very depressed market. Good luck!

Comment on Do home improvements really add value? by dannykuhn57

dannykuhn57 — Fri, 11 May 2012 07:26:00 +0000

the only way to re-coup is sell the house! it does add equity

Comment on Do home improvements really add value? by mykidsRmylife

mykidsRmylife — Fri, 11 May 2012 07:22:05 +0000

Yes and no.

If you do the work yourself and bring an undervalued home up to market, you will recoup even more than these figures. (30 year old kitchen upgraded to new appliances and cabinets)

If you are already at market and make extravagant improvements, do it for yourself and not any possible value creation. (5 year old kitchen upgraded to granite in a small bungalow)

Comment on Adding Value to Your Home With a Smart Home Technology System by housevaluecheck

housevaluecheck — Tue, 01 May 2012 08:18:34 +0000

Excellent way to ad home value.

Aram Arakelyan
Your LA Broker For Life!
Realty Needs Network
House Value Check

Comment on Adding Value to Your Home With a Smart Home Technology System by anggaba

anggaba — Tue, 01 May 2012 07:32:49 +0000

keren