House Renovations

How do I find out the value of my home & what additions/remodeling items would add more value?

We are considering selling our home in the next year and have been watching a lot of HGtv and DIY. All those shows seem to say the same thing…update your home to increase value. I’d like to have someone come to our home to let us know what we would list our House for today and what additions, changes, remodeled areas would add value to our home so that if we do sell it, we’d be able to make money on those changes. And, if we don’t sell, we’d be able to enjoy those changes for years to come. So, who would we talk to about this? A real estate agent? An appraiser? I know that an appraiser would charge a fee, but what would a real estate agent expect? Would it be a fee or a signed contract to sell the house if we do decide to sell?

contact a local Real Estate agent (since an appraisal isn’t for value to sell it’s for the lender to determine financing) Tell the agent you want to know what your home would sell for realistically NOW but that you are debating whether or not to sell/list now. The CMA should be FREE. You are under no obligation to use that Realtor and for an agent to do some local comps for you only takes a short visit to your home (to see it) then run the info through the PC. If and when you decide to sell – then to list as a seller you pay all the commissions (and the amount is negotiable) average listing commissions run from 4-7%. Remodeling and updates don’t always pay back at 100% of your cost to implement them so paint, new carpet, updated appliances, etc are good things but don’t tear down bearing walls or anything expensive for updates. The same agent who helps you comp it out should be able to give you realistic remodeling expectations as well for your area. Good Luck

Room Addition Framing 11-08 (2).MOD

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