If I spend $10,000.00 on a kitchen remodel, how much of that would come back to me when I sale my house?
That’s a great question! Any remodel can be enjoyable for the current homeowner, but there are certain factors that need to be considered before diving in to the deep end of the remodel world if you want to sell your house. First, think about what rooms yield the highest return on value when deciding what to remodel. A kitchen remodel will bring you more bang for your buck than other rooms. Remodeling magazine’s annual Cost vs. Value Report for 2014 stated, “A minor kitchen remodel will add 82.7 percent of the project’s cost back to the home’s value.” So, if you spend $10,000.00 on a kitchen remodel you should expect around $8,270.00 to come back to you or 82.7 percent when you sell it. Second, you’ll want to do some research to be certain that you do not over remodel for your neighborhood. So, take a look at one of your neighbor’s home that has recently re-done their kitchen. You could also reach out to a local Realtor and ask them to send you some comparable homes that have remodeled kitchens. The comparables will give you an accurate ideal of what your neighbors have done to their kitchen and what they sold their homes for. If you want a price that is similar to what one of your neighbors recently got for selling their home, plan on making your kitchen comparable to your neighbor’s kitchen. This is not meant to give you the impression that you’ll get the exact same price for your home as one of your neighbors received when they sold their home. Remember, there are a lot of other factors that go into what a buyer ultimately decides to spend on a home. According to David Pekel, president and CEO of Pekel Construction, “In general, spend about 25 percent of the home’s value for a new kitchen”. For more information, please contact The Rodgers Team with Red Brick Realty.
A successful real estate experience can be one of the most exciting and rewarding events in your lifetime. The exhilaration of a positive buying or selling transaction can't be beat! However, did you know that moving and relocation ranks third on a list of the most stressful life events? With only divorce and death rated as more stressful, it's no wonder that so many people dread moving. Thankfully, there's no need for you to worry any longer. To help make your total real estate experience-from buying and selling to moving-the best it can be, choose our experienced REALTORS® to effortlessly guide you through the entire process. For more than 23 years in the Greater Phoenix Area, we have helped many people just like you successfully make their new home dreams come true. Having lived and conducted real estate in the Valley, we have seen nearly every transaction, and continued to make every closing smooth, efficient, and stress free. With our attention to detail and specialized knowledge of the Greater Phoenix real estate market, you can rest assured that we will provide you with a wonderful real estate experience every time!
The factors that go into purchasing a home are as varied and dive
"I am writing to express my pleasure with real estate agent Kevin Rodgers who represented me in my recent purchase of a single-family home in Mesa, Arizona.
Kevin guided me through the entire process, from proper location, to searching for houses, to making the offer, and closing the deal. I credit Kevin with a smooth, stress-free home-buying experience.
This is my fourth purchase of property, and never had I had such a pleasurable experience. Kevin is savvy, personable and knows the market inside and out. I never could have gotten my home without him.
Kevin even helped me after closing by opening my house for movers, as I was detained at work. This is an example of Kevin's character and willingness to help his client. Other agents may say they "go the extra mile" but he did for me.
To reiterate, I am nothing but pleased with Kevin and his expertise and I recommend him to everyone.