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Renovations and ROI

Wednesday, November 15, 2023   /   by Annie Junker

Renovations and ROI

Renovations and ROI
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Renovations and ROI

Frequently I will sell a house to my clients and they will go in and make plans for a remodel or redesign. Then I will get the call... they will phone me back and say "wow, it's going to cost so much to do all this work!". And their immediate thought is, "will I get it back out of my house?"... a completely fair question.

The thing that I would caution you to remember is you're not planning to flip your house (but that's a whole different conversation if you are!). But if you're buying a house and you are going to live in it for an indefinite period of time, my suggestion would be to buy the home, make the plans, and do the renovations so that you can live in the home and enjoy it.

More than likely your house is going to be worth more money because of the upgrades you make to it and your quality of life, while you live in the home, is going to be better. If you're planning on living in the house a short period of time, you may need to think about the ways in which you spend the money on those improvements. And as always with any improvement, you need to try to make it appropriate to the home, the neighborhood, and the value.

If you have any questions about home this might affect you and any future renovations you might be planning, reach out and let's set up a time to discuss your options!


 804-350-0879 | chris@smallre.net | chrissmallgroup.com

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It is my responsibility as your REALTOR® to ensure that when others around you are lowering their expectations, that this becomes the time for us to switch gears and discover how to leverage the market effectively to achieve your goals.

If you would like to know more about the current market, or if you have any general real estate questions, call or text me on my cell phone at 804-350-0879 or you can email me at chris@smallre.net.

If you are looking to begin a home search, visit my website to get started!

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Additional resources
 
We are select partners with REALM and Leverage Global Partners. What does this mean for you as our client? If you are looking to relocate or buy a second home in an entirely different city (or on a different continent!), Small and Associates has you covered. As a member of these exclusive networks, we work with other like-minded agents and to put you in touch with the right REALTOR® outside of the Central Virginia area. If you or someone you know has been considering a unique move, let us be your guide.
 
To learn more, click the links below:
 
In addition to being a partner to two exclusive global networks, I am a proud member of the Institute for Luxury Home Marketing and am a Certified Luxury Home Marketing Specialist. This means that I will market your property to the highest standards with access to the latest trends in the industry. I am the only Real Estate professional in the Central Virginia area with this designation!
Are you interested in buying a second home but, aren't ready to fully commit to another property? As a part of our partnership with REALM, we can direct you to properties all over the world with Pacaso. Pacaso is Luxury Co-Ownership where you have the ability to  own a second house for 1/8 of the cost. Click here to learn more and to start shopping!
Are you looking for your own slice of "La Dolce Vita"? Small and Associates has the connections to make it happen. We have personal contacts with firms in Italy and would be happy to help with your home search and make an introduction!
Client Testimonial: Click the link below to hear from the Kottkamps, clients of Chris Small. Thank you for your kind words Nathan and Laura! It's always been an honor to help you with your Real Estate goals.
Client Testimonial from Nathan and Laura Kottkamp
The Chris Small Group at Small and Associates
At The Chris Small Group, we embrace today's dynamic Real Estate market with fresh and strategic approaches to deliver optimal results. Our mission is to craft customized marketing plans that align precisely with the current market landscape. We commit to delivering exceptional outcomes that resonate with trends and buyer preferences. With our unmatched understanding of market dynamics, we ensure our clients' homes stand out and captivate potential buyers. Trust our expertise to maximize your property's exposure and generate genuine interest. Choose The Chris Small Group and experience the transformative power of our innovative and market-savvy approach in today's evolving real estate landscape.
Case Study: 1508 Park Avenue
Chris Small, Broker | Owner
Luxury Real Estate Specialist

804-350-0879 | chris@smallre.net
chris.findahomerichmond.com
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3103 Ellwood Ave.
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804-353-1250

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