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Remodel & Renovate in Raleigh : Real Estate Advice

  • All777
  • Local Info78
  • Home Buying289
  • Home Selling48
  • Market Conditions22

Activity 3
Sun Jan 10, 2016
Victory Property Management answered:
Much depends on the type and amount of the repairs. If you are doing a lot of little repairs, why not take what you would pay on the home equity loan and put it towards a repair each month.

On the other hand, if you are looking at a large improvement such as renovating the kitchen, replacing the roof, installing a new HVAC system or other large scale item that will increase the value of your home (rather than maintaining it as mentioned above), then a HELOC in my opinion is better than a home equity loan.
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Wed Oct 22, 2014
Christopher Pagli answered:
Have a few reputable contractors give you actual estimates, it's the only way to know for sure. Check www.AngiesList.com for referrals in your area.

Chris
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Fri Jun 22, 2012
Thomas Bohlmann answered:
Laminates MAY decrease value of homes. especially cheap laminate the sound like plastic when you walk on them.

High quality hard wood prefinished floors or truthfully REAL HARD WOOD would be the preferred flooring.

now just replace carpet and wood flooring does not always mean MORE value. In most cases it is bring the home UP TO market expectations.

a few other questions:

What is the sq ft of this home?

bedroom numbers
FULL and 1/2 bath numbers
Lot size
garage?

you say up UPGRADED the kitchen to granite, but how are the cabinets?

bath Cabinets?

if the cabinets are the original 1995 or NEW?

cant really put granite over the original kitchen cabinets.

if the comps are 215-260K and your house is of similar quality then that is what it will sell for.

IMO I have been rehabing and selling these homes for 20 years. The goal is ALWAYS bring the home UP TO market expectations, ( comps ) then sell for a little less for a quick sale.

Good Luck

Tom
Allen Tate Realty
http://www.allentate.com/tombohlmann
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