I have a 2743 sqft 4br, 3 ba housein w.Plano that I completely renovated to a modern look and layout. What is the anticipated $/sqft value...?

Asked by Simsim23, 75093 Sun Dec 6, 2009

I have a 2743 sqft 4br, 3 ba housein w.Plano that I completely renovated to a modern look and layout. We repositioned walls, opend up the space, put dark bamboo floors in living and dining, put 24x24 chisiled travertine, travertine showers and new vanities, new plush capet in bedrooms, redid the yard, created a secluded office with french doors, enlarged kitchen and spent $14,000 on new dark woord cabinets, Quartz counters, SS appliances, including chef quality 36" stove and oven and a pot filler (which is a hit). Across the street from us on Tulane and Ohio, 3,000 sqft houses are going for $440K , my hope is in 2-3 yrs I can get $270-$285K for such a fabulous house and the work that was done completely by pros, not a penny spared.
Is it fair to assume that such house would appeal to a young couple who cant afford that $400K hm but can afford our house?
What is the anticipated $/sqft value for a completely redone house in a great neighborhood & school district in w. Plano in 2 yrs

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Dallas Texas, Agent, Dallas, TN
Sat Jan 23, 2010
We as Realtors can't predict future of any location. However all factors come into play determine value of home. WOW you did all this work... BRAVO ... home is updated now however trends change.

My home I updated 2 years within next year I will start change few areas out be fashion forward based on those standards.

It's is a great area up there however any home updated you will never receive full amount return, shows better, allows you to enjoy all work spent.

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0 votes
Ronda Allen, Agent, Plano, TX
Tue Dec 8, 2009
Buyers keep 75093 the most popular zip code for home searches in North Texas on sites like realtor.com, trulia.com, homes.com and others. Fixing up a resale home, and adding updates that prior owners could not, or would not, do is a labor of love. Thanks for doing this in our community! We agents appreciate folks like you more than you can know.

The only way to give you an estimate of value is to see the house. Drive in and around any neighborhood, and there are good-looking homes and streets, and not so good-looking homes and streets. Even in our beloved 75093 zip code. In 2 years, since that is the timing you gave, not only do I suggest that you invite 2-3 real estate agents to the home to assess the value, but I also suggest that you go ahead and have a formal appraisal done on the home to confirm the value. Just because we can sell a home with our marketing efforts is no guarantee today that the home will appraise. Doing it now, if you don't intend to sell now, is a wasted effort. We are currently working with 30 and 60 day comparative sales. Even a 90-day old comp. is an old comp. right now. A two-year old appraisal isn't going to have worth to us.

Buyers dislike spending their hard-earned money on a home just to end up needing to spend more money to update the home after closing. Buyers want a home to be as move-in ready as possible. It is absolutely fair to assume your home will be a popular listing. Location and condition are two huge factors in the decision-making process.

Thanks,
Ronda
0 votes
Amy Downs, Agent, Dallas, TX
Mon Dec 7, 2009
Homes built within 2 years and within 500 square feet of the subject property that have sold in the last six months in the subject property's neighborhood are used to determine value. I need to have your exact address, or you can go to http://www.freecurrentmarketdata.com. If you put in your subject property's info, it will give you a wealth of information on values in your surrounding area.

I can also meet with you to give you a more exact amount of your home's value at your convenience.

If I can be of further assistance, please give me a call or email.

Your real estate resource,

Amy Downs, Realtor
Keller Williams Realty
972.468.5136
http://www.AmyDowns.com
amydowns@kw.com
Web Reference:  http://www.amydowns.com
0 votes
Barbara Capo…, , Frisco, TX
Mon Dec 7, 2009
Sounds like your on thr right track, Nobody knows what is going to happen in two years. I alsways tell people when you do upgrades, it is for you, and your enjoyment,
If you would like more details my email is Barbara@Powerteamtexas.com
(972) 757-4527 Feel free to check out our Power Page.
Web Reference:  http://Powerteamtexas.com
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