tangelo007
Member
- Joined
- May 6, 2014
- Messages
- 9
- Reaction score
- 1
Hey guys, Hope I'm posting this in the right section. I have a broad question and I hope you guys can help. I purchased a home 2 years ago and my wife and I would like to sell now, however we're first time sellers and could use some advice.
We want to increase the equity by renovating, but we want to maximize our return. So we're wondering, what renovations would give us the biggest bang for our buck? What areas of improvement around a home usually bring a higher valuation when the home is assessed?
I would like to renovate the back yard, take out all the cracked cement and plan t grass, create a nice brick walkway, maybe put in an outdoor fireplace, etc. is this a good place to start? the inside of the home is pretty new still, renovated just before we moved in.
Should I be doing additions to the inside? Working on structural objectives instead of the backyard? We do have a couple small cracks in the cement foundation, a few rusted plumbing pipes under the house, etc. Should those come first?
Should we have a contractor come over to look around and give us suggestions on what would give us the best return? My concern is he'll be more interested in making his own best return. How do we handle the process?
Ideally, we want to take out a $10-20K loan and hopefully add $30-50K additional value to the home. Is that a reasonable expectation?
THANKS!
We want to increase the equity by renovating, but we want to maximize our return. So we're wondering, what renovations would give us the biggest bang for our buck? What areas of improvement around a home usually bring a higher valuation when the home is assessed?
I would like to renovate the back yard, take out all the cracked cement and plan t grass, create a nice brick walkway, maybe put in an outdoor fireplace, etc. is this a good place to start? the inside of the home is pretty new still, renovated just before we moved in.
Should I be doing additions to the inside? Working on structural objectives instead of the backyard? We do have a couple small cracks in the cement foundation, a few rusted plumbing pipes under the house, etc. Should those come first?
Should we have a contractor come over to look around and give us suggestions on what would give us the best return? My concern is he'll be more interested in making his own best return. How do we handle the process?
Ideally, we want to take out a $10-20K loan and hopefully add $30-50K additional value to the home. Is that a reasonable expectation?
THANKS!