To Rehab or Not….that is the question…

I for one am glad that the first 2 weeks of May are gone.  Most importantly, I didn’t miss the rapture of 2011 and for that I am thankful!  But between my oldest daughters birthday, my anniversary, Mother’s Day, and Dear Hubby’s birthday 7 days later….well, let’s just say if I don’t see another cake or sweet treat for the next two months I’ll be happy!  We obviously didn’t plan out the major events in our lives very well!

But with all the festivities, our house was turned into Grand Central Station for two weeks straight.  What does that mean you say?  Well it simply means that I spent hours with a rag in my hand cleaning anything that would stand still and griping at the kids to, “Pick That Up!”  Our silly dog spent much time under the bed barking every time the vacuum would come near.  My husband was locked out in the back yard mowing, edging, and blowing until he couldn’t hear anymore….oh wait, I think he had hearing issues before that…Whatever!

Through all of the sprucing up though I started looking at our house and all the pet “projects” we’ve got going on.  I put on my “Realtor” glasses and started thinking about what if we put our house on the market.  Once I got past the initial tremors of dread at the thought I was struck with the realization that I think I am just fine in this house until the rapture really does come!

But really, what does it take to get the most out of your investment?  Should you rip out and remodel the kitchen?  Change out the shag green carpet?  How about the avocado carpet in the bath?  Remodeling your home can turn into a time and money pit from which there is no return.  There are some good tips to follow though if you are dead set on doing away with the pink rose wall paper in the kitchen.

Speaking of kitchens, this is typically a very smart place to put your money.  Studies show you’ll get about .80-.90 back for every dollar you put in.  Remember, that’s probably better than what your stock portfolio’s look like right now!  Now I’m not talking about an over-the-top upscale remodel.  I am talking about counter-tops, fixtures, cabinets either repainted or doors replaced, moderate priced stove, and some updated tile or flooring.

Bathrooms are another great place to spend money.  Keep it simple though.  Paint, fixtures, flooring.  Put in a water saver toilet.  Green is in!  Remember, you do not need to run out and trick out your bath just to ask top dollar for your property.

But the number one area to take care of actually is siding!  Wow!  Who knew?  With all the cool, swanky, fancy stuff you can do to your kitchen and bath you’re going to get more bang for the buck putting the money into your dilapidated siding.  Or a new roof, windows, or HVAC.  No one’s going to buy your house no matter how tricked out it is if the roof leaks like a sieve and every time the A/C comes on you have to hold your pictures on the wall to keep them from rattling off.

Before you climb up on that ladder to start scraping your ceiling, call a Realtor!  A good one can tell you what trends are “in” right now and what’s best for your individual property for resale.

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About Kat's Home Finders

The purpose of this blog is to hopefully educate and help homeowners and prospective homeowners with the largest purchase they will probably ever make. My desire is to share my knowledge of the real estate market, make new friends, and meet new clients in the Austin area. I am happy to answer any questions you may have. Sign up to receive updated posts! View all posts by Kat's Home Finders

2 responses to “To Rehab or Not….that is the question…

  • Jayne Grote

    This is sound advice, Kat! Take care of the basics first and then, if you have time/money, go ahead and improve kitchens or bathrooms that will make you love them…especially the kitchen. That’s what my husband wishes…that I’d really, really like my kitchen enough to cook. 😀

    • Kat's Home Finders

      LOL! At least he wants you to cook! That kitchen you’re going to have may just be the cure-all though! Can’t wait to see the progress…

      On another note, I can’t believe how many people will spend a gazillion dollars on a tricked out kitchen but leave the cracks in the walls from the foundation…err I mean “settling” issues! That was one thing I saw on that Realtor tour.

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