One of the most common questions we have gotten from our clients over the years across the country has always been the following:
What is more important at the end of the day when trying to maximize the overall value of my home, the materials that we use or what it is going to look like when it is all done?
Well unfortunately there is no one answer to that question and just like many other great questions in life, it depends.
What Can You Afford?
I think the best answer that we can put into words for anyone out there reading this is to try and find that perfect balance between the cost that you can afford to spend and aesthetic appeal.
Just like we mentioned before in regards to increasing your properties value by more than what you actually spend, it is important to not try and simply find the cheapest materials and contractors to do your job.
On the other hand, you don’t want to go overboard and spend more than you can really afford in hopes to make all of your money back because at the end of the day, there really is no guarantees in this business.
When deciding on what roofing materials (like the many seen here) will be used in an attempt to gain the full potential value of your home, don’t be afraid to ask your contractor about whatever information you would like to know. More often than not, they are more than happy to share the information that they know about their craft and educate you.
Whether you are visiting our page as a home buyer or seller, there is one goal that you should have. That goal is ultimately to make money on the investment you are planning on making and in today’s market place that is not always an easy goal to obtain. Although the market as a whole isn’t as bad as we have seen in recent years (hopefully we won’t see a repeat), it still isn’t exactly thriving and our ultimate goal is to maximize your properties potential value.
Don’t Be Cheap!
When it comes to selling a home, you can generally count on gaining much more on your property than you probably spent when it comes to home renovations and improvements.
What we mean by this is that if you end up spending let’s say $1,500 to have your roof and siding redone on your home, you can generally expect the overall value of your home to go up by more than that amount if you plan on selling in the future.
So keeping that general logic in mind, we typically advise our clients to not be stingy when it comes to improving their home before they start trying to sell it. Keep in mind however, that this is a general rule of thumb and you shouldn’t always expect this number to greatly increase when it comes time to sell.
There are many reasons that we have seen the success that we have in the past here at Chautauqua Real Estates in regards to the home market. We primarily focused on the more luxuries of properties and we only dealt with buyers and sellers who were as serious as we were in real estate and home upkeep.
There are many components to maintaining a home that we considered at the level comparable to the work we did in our real estate business and many ways to meet these standards.
One of the most important things that anyone in the housing market can do to increase the overall property value of their home is to always hire professional, insured, and licensed contractors for any architectural or structural work. Finding the right contractors isn’t always the easiest of tasks but don’t worry, because there are many things that we can help explain to you in order to maximize your home’s potential.
The first things we can discuss is what to avoid. There are a few major “red flags” that you can spot early on when meeting potential contractors for your job and the most important thing is what we already discussed above. If a contractor doesn’t have the necessary paperwork on file and up to date, it is time that you find another contractor.
This should be obvious but you would be shocked at how many clients we have taken on who neglected to request such paperwork.