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Buying a Wasatch Front home? Search all homes for sale
Hello, and welcome back! Today, we're going to run through the do's and don'ts of remodeling, so you don't make any costly mistakes during the process.
People are always asking what renovations will get them the biggest returns. Often, they are surprised when we give them our answer. Since there are a lot of misconceptions out there about remodeling, we're here to set the record straight.
Recently, a client asked if he should build a detached two-car garage. He said he could probably build it for roughly $18,000, and add around $40,000 to the value of his home. We told him to wait before he spends the money so we could comp his home. After taking a look at the numbers, which never lie, we told him it was unlikely he would be able to increase the value of his home with the new addition. He took our advice, and ended up saving himself a costly headache.
Often, renovations can make a home more appealing to a buyer and help it sell quicker, but it doesn't necessarily mean you'll get the money back. So, before you go out and spend a bunch of money on a renovation, come talk to us. It's very easy for us to do a comparative market analysis of your property's value, which will give you a good idea of whether remodels will be worth the time and trouble.
Give us a call or shoot us an email if you want to discuss this topic further. We would love to help you avoid costly mistakes and make smart renovations that will net you a big return. We look forward to hearing from you soon!
