Hi Konrad,

First the good news... Certainly, the improvements you have made to your home will make it more salable. There are many more homes on the market right now than in past years. Those homes that are updated and show well generally are much quicker to sell and at a higher price than comparable properties.

Now the bad news... Based upon your comments it sounds as if you may have over-improved your home by renovating to higher standards than those homes directly surrounding yours. These other homes will bring the value of your home down.

If you are considering selling your home, I highly recommend that you bring in a professional REALTOR to provide you with comps and analyze what your home is worth. If you are interested, I can provide this service for free and with no obligation. Feel free to give me a call, visit my website, or send me an email.

Best wishes,

Christopher Rich
William Raveis Real Estate http://www.fairfieldcountyrealestate.com
chris@fairfieldcountyrealestate.com
(203) 768-5222

Konrad,
The first step is to have a Realtor who is familiar with your area come take a look at the home so that they can make sure they are comparing apples to apples. That will get you a good idea of where your should price your home. This is a free service from a Realtor, and I would be happy to help. If you need to get even a more accurate evaluation, a licensed appraiser should cost no more than $500, but probably around $350. You are more than welcome to contact me for my professional services. I have some other listings in that zip code and am pretty familiar with the area. Call or email.
Enjoy the day!
Tim

Tim Kellerman
Keller Williams Realty
Home Office - 203-254-9310
Mobile - 203-650-2644
Fax - 203-549-0678 http://WWW.TKellerman.com

If, as you indicate, you improved beyond the standard for your community, You will likely not retrieve a significant portion of your investment.

As for functional aspects, buyers expect a serviceable roof and systems. You should think of these as necessary expenses.

The following link may help you get some idea of the value in remodeling, but I'm skeptical about the criteria used in their evaluation.

http://www.costvsvalue.com/

All of the updated things will get factored into a market analysis. Did you have permits for all of the work? Did your assessed value change? How different are you from the surrounding houses? If you are drastically different, then you will not realize as much of a gain from the improvements. It is possible to 'price it out of the neighborhood'. The general rule of thumb is, it is better to be the worst house in a great neighborhood than be the best house in a fair neighborhood.
All of that being said, there are other factors in setting a list price. How much do you need to get for it? How quickly do you need to sell it? How does it compare to others currently available in a similar price range? The price you pick to list at will also determine how long it takes to sell it.

I would be happy to sit down with you to discuss your needs and wants as well as the facts about the house. After doing that, we can discuss my CMA and I would then be able to make recommendations on how to achieve your goals.
DanRoss@C21-AccessAmerica.com
(860) 736-1002

Konrad,
First a house can be improved beyond what the market will pay. When you price your house for sale it needs to attract buyers to see it so it must be priced competitively with other houses in the market. If you price it higher than everything else no one will ever see how nice it is they'll just pass it up.
My advice to my clients is to look at the property you want to sell as a product that you want to have taken off the shelf before all other products are taken. Presentation and price are the focus.

I would love to help you. If you could let me know where you are located (street address and city). Also, how many bedrooms, baths and square feet. I can do a quick market analysis to give you an idea of what the comparables are. After that I would like to meet with you to look at your home inside and out to get a true idea of what your house is worth.