Mar 13, 2019

The 30-Minute Remodel

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Drew Grossklaus, Sales Director/BIC East Cooper

I always find myself amazed at the number of television channels available today. Whether you see it as a blessing or a curse we have access to a multitude of TV shows that involve home improvement, renovation, flipping and more. These programs give viewers the chance to see amazing transformations and renovations from behind-the-scenes. Although everyone is aware these home transformations don’t occur within the hour of the program, the producers do make it seem like they happen quickly and easily.

Home improvement shows have made for a big change in the real estate market. Given that Charleston is one of the oldest cities in America we have homes in all states of age, style and repair. Consequently, some of the properties we sell are in need of a few updates. Today’s buyers now consider not only the list price of a home but also the renovation costs needed to bring the home up to the standards demonstrated on television. This makes accurate estimations difficult when homebuyers are looking at improvement shows as a basis for calculating renovation costs. The buyer may rule out a house due to the perceived difficulty and cost of renovating without really understanding the true values. Sellers are undoubtedly feeling these effects as buyers look at the list price of a home, mentally adding additional costs for remodeling when it may not cost as much as they think to update the home to their liking.

In order for buyers to get an accurate sense of properties that fit their budget, working with a knowledgeable and experienced agent is imperative. A real estate agent will be able to help buyers see properties with potential for improvement, provide a general estimate of possible costs and recommend contractors to accurately price the improvements. Knowledgeable agents think outside the box when it comes to improving the interior of a home and can help their clients consider options, like using home remodel costs to negotiate a sales price. In many cases, the seller’s agent assists the buyer’s agent with these items to make the home as attractive as possible and overcome obstacles related to renovations and upgrades.

William Means agents have the understanding and experience to assist both buyers and sellers in this evolving real estate market. With numerous connections in the Charleston area, we can assist buyers with remodel estimates and connect them with contractors, and help sellers determine which improvements should be made before putting their home on the market. If you are looking for a home fit for an HGTV reveal, speak to a William Means agent to help you find the best property.

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