Real Estate Bits and Pieces

Blog by Susan Pruden

Cheverly, Maryland

Informal observations about Prince George's County Real Estate and happenings around our local area. I'm Susan Pruden, in Cheverly Maryland and I welcome your comments and participation.

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Remodel or Sell?

Posted at Real Estate Bits and Pieces by Susan Pruden

Sunday, June 22, 2008

Categorized in: Home Improvements

Tagged with: calculators, cost vs value, remodel, sell

I'm so-o-o far behind in my reading -- I'm trying to catch up on articles I bookmarked months ago. I came across this little gem from early May.

The Washington Post had an article in the Real Estate section called "If You Can't Sell the Home, Why Not Remodel?" The gem came at the end of the article, in the form of a website called RemodelOrMove.com, with all kinds of calculators to play with. (I love playing with calculators like these.)

Another website that sort of goes hand-in-hand with this is CostVsValue.com from Remodeling Online. The Cost Vs. Value Report describes the average cost of a whole variety of remodeling projects, the amount that it may add to your resale value and the percentage of the cost that would be re-couped. Keep in mind that these numbers are averages over very large areas of the country, so your mileage may vary. However, it's a great place to start.

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1. RE: Remodel or Sell?

Written by: Ron Wunsch

Monday, June 23, 2008

I have been involved in the rehabbing of two homes in Fenton, MO just outside of St Louis. Our initial estimate for the rehab was approx $25,000. We went roaring by the $25,000 estimate and have surpassed $40,000 at this time. I am really interested in taking a look at the 2 websites you name in your article. Thanks for the information.

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