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!
Mitchell S. Feldman
Associate Broker/ Director of Sales
Madison Estates & Properties, Inc.
Office: (718) 645-1665/ Cell: (917) 805-0783
Email: MitchellSFeldman@aol.com... more
It is always best to try to work it out with your contractor, if that does not work. File a complaint with the Department of Consumer Affairs, the licensing agency that licenses contractors.
Small Claims is only up to $5,000.00
You file in the Civil Court in the county you live in. In Brooklyn it is at 141 Livingston St.
Kathryn Lilly, Broker
Realty on the Greene, LLC
Developers usually need to sell more than one house in a community. Lowering the price on one home brings down the prices on the others when they get appraised. So the builders would rather focus negotiations on amenities and extras rather than sales price.... more
If you are looking to sell keep in mind that square footage costs do vary, and don't account for exact location and other considerations; therefore also review comps, recently sold similar properties in the immediate area. If you are remodeling, contact a few local licensed contractors and ask for free estimates based on your needs....... more
Dseham If it is just a microwave that would not make or brake a sale. When you look to sell if the person looking to buy feels the need for a microwave then it would not be too hard for them to do then. Let me know what you decide... more
Was the contractor licensed...For any necessary legal advice consult with an attorney, most professional do offer a free consultation. Also consider filing a report with the local better business bureau http://newyork.bbb.org/consumers/... more
Hello Giantillo. I am not sure as to how much your taxes would increase. However, you could check with the Nassau County's Assessors office to try to receive an estimate as to how much the addition will cost in annual taxes.
I hope this answered your question! If you have any further questions, please feel free to contact me by the ways below.
Wishing you all the best,
De Vonte Williamson , LSA
Proudly Serving Long Island
Coldwell Banker Residential
"I Stand Behind Getting You Results!"... more
Below I have enclosed the R4 Informationfrom the Dept of City Planning and I hope that it may be useful to you. As far as the changes you wish to make to your basement you will really need to speak with an architect and explain to him exactly what you want done. With that information he can determine if you will be able to do them. In most cases the city would have to approve any permaent changes you wish to make to your property to assure that the structure is sound.Your archetect can help you with filing your permits and getting the job started.. I hope that the link below helps you.. George
Dept of City Planning
Zoning > Zoning Districts - Residence Districts > R4
Depending on the extent of the renovation, check with management beforehand for any rules/regulations. As for costs, contact a few local licensed contractors and ask for free estimates based on your needs...... more