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3 Strategies to Avoid Home Remodel Missteps

May 19, 2015

While home remodeling is based on a lot of personal preferences, from an investment perspective, there is some outside influence that should play a large role. One major factor is the location of your home. Specifically, are you making the right improvements for your neighborhood, the size and the price range of your home?

If you ever need or want to sell your home, make the choices that reflect the potential price of your home. While it is easy to get caught up in focusing on your desired finishes or try to stretch a budget to the extreme, here are some strategies to think about:

Avoid Over-Improving

It can be tempting to choose the most luxurious finishes and high end products, for your home remodel, but the houses around your home may not support that expensive of an improvement. Even in popular Tulsa area neighborhoods limited square footage is a factor to consider. That does not mean you can’t splurge on a few items, but tempering the overall scale with the surrounding real estate can help you make the most of your investment.

Be cautious of Under-Improving

Saving money on finishes can be tempting, but cheap finishes will not appeal to buyers in a high end home who might wind up renovating your renovation, and figuring that into the price they are willing to pay. Take the time to learn what the majority of your neighbors are doing, or ask a realtor in the area what their buyers generally expect.

Keep in the Lifestyle of the Neighborhood

Taking an extra bedroom for a spa bath and walk in closet may sound like a dream, but if the typical buyer in your neighborhood would use that bedroom for children, you might be eliminating potential buyers down the road. If your area is popular with retirees, consider what they would look for in the space.

It is a balancing act to protect your investment, but still create the home remodel that you want. Take the time to consider some important factors, such as how long do you plan to stay after the remodel in your Tulsa area home? Do you feel confident in how well you know the market around your house?

There are many additional elements to consider, including how trendy or traditional your finishes are. Working with experts to guide you through the process can help you create your dream home. Remodels of Tulsa can handle large and small projects to take your home to the next level.

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