The Pinkerton Woman

The Pinkerton Woman at RE/MAX Classic Realty, Las Cruces, New Mexico

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Watch out when remodeling your home -- It may not pay back

Here in the Las Cruces, New Mexico, the simple, cosmetic type remodeling jobs give you the most increase in value.  But watch out!  Many of the bigger remodeling jobs do not increase the value of your home, dollar for dollar.

Here in Dona Ana County, the buyers are very conscious of the price of the home, and they will not pay for “extras”.  They will go down the street and buy the cheaper home with no extras. This makes it hard for the seller to get back the cost of the extras he put into the house.

Here are some remodeling jobs that do add dollar for dollar value to the home:

Before you do a big remodeling job, look around your neighborhood and do a little research.  What is the average price of the homes in your neighborhood.  And understand that you can not sell you home for a lot more than what your neighbors homes are worth.  For example, if you live in a $150,000 neighborhood, and you add a new kitchen for  $25,000.  Are you going to be able to sell your house for at least $175,000?  Probably not.

Here are some remodeling jobs that do not add dollar for dollar value to your home:

If you are thinking of remodeling in any big way, and you would like some advice, please do not hesitate to contact The Pinkerton Woman, Charlotte Pinkerton.  I give free advice and free market analysis, too.

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