To get their dream home, many California homeowners still have work to do after they close escrow.
California is the third state most likely to do a home renovation project. For homeowners in our state, a full remodel after purchasing a house is fairly commonplace.
For those remodeling, the average cost of a full-home renovation is $263,384, probably due in large part because 93% of homeowners enlist (and pay for) professional help. But, as you might assume, fully renovating your house adds value; the average home value after a full-scale remodel is $725,000.
Remodeling projects with the most bang for your buck
If you are thinking of selling your home, you may want to consider doing a remodeling project to bring in buyer interest and garner top dollar for your home sell. But what should you remodel, especially when thinking out getting the most return on your investment?
Thankfully, the CALIFORNIA ASSOCIATION OF REALTORS has complied a quick cheat-sheet for you, based on information provided by the Cost vs. Value Report 2013 by NAR and Remodeling magazine.
In order of the most cost recouped percentage-wise, here are the top 10 most cost-effective remodeling projects:
Have you considered converting to green in your home?
Green Energy is hot right now and it got me thinking about the of converting to green in our existing homes. Being able to list your house as a ‘green’ home must still be a novelty these days. One reason is that it can be expensive to switch to green, but there are reasonable contributions that the average family can easily make toward green living. Continue reading →
Remodeling your home is bound to be a very stressful time for all the parties involved. Choosing the right contractor is sure to make the process smoother and your life easier. The following six tips I have learned over the years should start you in the right direction:
Determine who is going to be responsible for retrieving the necessary permits and make sure your contractor follows the construction codes.
Include written warranties. Make sure to note the name, address, and time period that pertain to the warranty.
Do not hire anyone without a written estimate, contract, contractor’s number, and a list of local references…
Read my other 3 tips on my website, www.JohnASilva.com — and please let me know if I can help with any of your real estate needs!