Tuesday, July 14, 2009

If it Doesn't Make Sense to Sell it Might Be a Good Idea to Remodel

Money. It is becoming the most commonly used word in today's economy. How much? Can I afford it? What is the wisest use of the dollars I have? All words being used around the kitchen table as American citizens are struggling to cope with the failures of every facet of the finances that control our economy. As we see our tax dollars being gobbled up for bailing out those who did not use financial prudence or responsibility as CEO's on Wall Street, the banking industry, and the automobile companies, protecting what little money or investments we have is the average citizen's main concern.

Homeowner's are in a special quandary. Their homes are usually the largest investment that they own. The uncertainty of the housing market combined with the banking industry's lack of moving forward to use their bail out money to make loans available leaves homeowners with precious few choices. Many are opting for renovating their existing homes rather than trying to sell; thereby accomplishing two things: living in a home better suited for their needs while waiting for the housing market to stabilize and/or once again becoming a seller's market. Others are left with the option of either renovating in order to compete with the millions of homes for sale or lose most or all of their equity and simply selling for the best price they can get.

A quick look at several of HGTV's most popular renovation gives us the right answer. It is always worthwhile to upgrade your largest investment: your home. These shows also give a proper perspective on how much to spend where in order to get your money back when you do decide to sell. Any renovation, large or small, that adds value to your selling price can be accomplished with the right guidance from a reputable builder who will keep you on track of doing what must be done at a cost that will give you a profit, sometimes even double the amount you spent, when you sell.

To get the biggest bang for your buck, upgraded kitchens and bathrooms are first on the list. Functional and luxurious kitchens and bathrooms steal the show and, just like first impressions coloring what follows behind, the homeowner who wisely spends his money in these areas is certain to get a huge return on every dollar spent. Flooring and curb appeal are number two and three to grab the buyer's attention. Cosmetic changes, like paint and wallpaper; even knocking out a wall to make a room larger also add to the first impression eye appeal so necessary to entice a buyer to purchase your particular home.

However, first things first. Decide what you need to renovate and the budget you can afford. Then do your research and find a reputable builder in your area. The Internet can help you search and narrow down your choices. Your most important key to look for is to make certain the builder is insured and certified. Second, look for a builder with longevity. Any builder who has been in business for 10, 20 even 30 years tells you that they intend to stay in business; and, had happy clients along the way. Another key sign of a quality builder is the fact that they have a website that you can peruse as long and as often as you choose before you ever make contact. This allows you to compare other contractors and make a judgment of whom you want to call. A quality home builder will have a website easy for you to navigate while giving you the information you need to make your decision.

In northern Florida, Davis & Associates Builders Inc owned and operated by Fred Davis, offers quality built homes and renovations at either a guaranteed price or a cost plus basis. Free Estimates available for Contracting needs, please feel free to contact us 24/7 JaxBuild.com

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