Trulia Brook…, Other/Just Looking in Brooklyn, NY

Where is money best spent when remodeling a home? Kitchen? Bathroom? Or elsewhere?

Asked by Trulia Brooklyn, Brooklyn, NY Thu Apr 11, 2013

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3
This is a personal choice. I believe a home that is up to date in kitchen and bathroom will sell faster and possibly higher than an outdated home. Sometimes this can be as simple as changing lighting or upgrading an appliance. Also it depends on where you live. If the other homes in your area have been upgraded then you might want to think about doing more.

Uttimately, YOU have to decide what is right for your budget. The most important thing is having things clean and GET RID OF CLUTTER.

Good Luck!

Beth Seifart
Keller Williams Realty - Leesburg, VA
0 votes Thank Flag Link Sat Apr 13, 2013
Without knowing the overall condition of your property it is difficult to say.
But it does amaze me how some people spend a fortune on new kitchen cabinets, appliances etc. But neglect to upgrade the plumbing, wiring or insulation etc. The stuff behind the walls that you do not see, but is needed for the better functioning of you investment.
Yours,
Kathryn Lilly, Broker
Realty on the Greene, LLC
718-858-7600
0 votes Thank Flag Link Thu Apr 11, 2013
Kathryn; note who asked the question.
Flag Thu Apr 11, 2013
If you are planning on selling the house... unless you are a contractor or someone paying wholesale prices, it will be hard for you to recoup the money you spend on improvements. The best money spent is on simple interior and exterior painting, refinishing of hardwood floors and a thorough clean out of the property. Anything obviously broken should be repaired if you can afford to fix it.

Aside from that, and assuming you are not getting bargain basement pricing on the renovations, you should only consider doing renovations if you plan on being in the house and enjoying said renovation for some time. This is one of the main values of doing a renovation, for your own enjoyment. Although it is true that any renovations theoretically would increase the value of the home... in most cases you will not recoup the expense if you sell it right away.

Having said that, I will tell you that some renovation can increase salability of the home which is worth something as well. If you want to discuss this further, please contact me direct. Good luck!

Sincerely,
Mitchell S. Feldman
Associate Broker/ Director of Sales
Madison Estates & Properties, Inc.
Office: (718) 645-1665/ Cell: (917) 805-0783
Email: MitchellSFeldman@aol.com
0 votes Thank Flag Link Thu Apr 11, 2013
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