Article by Jordan Rocksmith
Customizing an Old Home to Be Like New With Remodeling – Home – Remodeling
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Giving a home a facelift can be as simple as painting some walls different colors and putting down different carpeting. Remodeling a home takes more effort, time and money. Remodeling can add value and attraction to a home whether it is the home’s exterior, kitchen, bathrooms, entertainment room or master bedroom suite. The added value is seldom going to be equal to the amount of money spent on the remodel, so caution is advised for homeowners who think all the funds they spend on a remodeling project will be returned to them when they sell a home.
Remodeling a home should be about the homeowners changing the home they have to more accurately suit their personal tastes and ideas, not about trying to artificially raise their property values through some slight of hand. In the heady days of fix and flipping, some homes were simply repainted with new carpets and placed back on the market with thousands of dollars in marked up home prices. Many real estate agents rightly felt this was unethical and taking advantage of the marketplace and ultimately the person who would purchasing the home to live in. Other agents who lacked ethics were more than happy to list and sell these ‘remodeled’ homes, knowing they would be paid a commission and the house would add to their listings. In some states, a restriction was placed on how soon a home could be sold after being purchased to minimize the ‘frothing’ that was occurring in the marketplace.
When keeping the home that has been newly purchased, a homeowner, rather than an investor, will consider making changes they want to live with, rather than those changes that make a home seem to have maximum retail value. Personalizing a newly purchased home is much like personalizing a new home that is being custom built, but differs with the end result slightly. Remodeling allows a homeowner to choose what they want done, rather than picking an option provided by a builder.
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