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Common Issues When Buying a Home to Remodel – Part I

February 2, 2010

Remodeling a home starts with a dream. A gourmet kitchen! Skylights! A gigantic walk-in closet! But, the dream may turn into a nightmare if you don’t plan ahead. Buying a home will arguably become your most important financial investment, as well as a major emotional investment. Remodeling can make your home better suited to your lifestyle as well as increase its value and add to your personal wealth. However, the remodeling process can seem overwhelming at times.

If you’re buying a home that you plan to remodel, here are some issues to consider.

It’s always important to make home improvements to satisfy your needs and desires, not just to raise the house value. After all, you’re the one who will be living in the home and enjoying the improvements. However, if you’re making improvements in order to increase the resale value of the house, be careful not to overdo it.

It is possible to add too much house value in relation to the other homes in your area, and can be difficult to recover these improvement costs when you sell the home. Also, some expensive choices, like particular fixtures or flooring, may actually make your home more difficult to sell.

Talk with me about your remodeling plans before putting on your work gloves, and stayed tuned for Part II on remodeling your home.


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