Renovate in the right neighborhood is always one of our biggest tips about home remodel projects. Unfortunately, buying the worst home on the best street doesn’t seem attractive to a lot of home buyers. It’s tempting to buy a house that you fall in love with from the start but having patience as well as a good grasp on the bigger picture will pay off in the long run.
If your family is on the fence between making the decision to remodel in a great neighborhood or buying the best house in a sub-par neighborhood, remember that we can change essentially everything about the interior and exterior of the house. However, we can’t change the location.
Below are 4 benefits to remodeling the ugly duckling in the best neighborhood.
Other Buyers Might Pass It Up
Think about it – even you, yourself, had reservations about buying the house to fix it up. With all the competition surrounding turn-key homes, your family can get this home for a steal. The lower cost of the home will provide more money in your pocket for renovations.
Live in First Choice Neighborhood
Buying a fixer upper in the best neighborhood gives you access to a neighborhood you might not have been able to afford otherwise. Renovate the home to your standards and by the end of the remodel process you will have the best of both worlds – a home you love in a location you love.
Home Value Protected
The value of your home won’t plummet if you renovate in a good neighborhood. By choosing a neighborhood in an ideal location with a track record for desirable homes, you can maintain the value of your newly renovated home more easily. The nicer homes in the neighborhood will always raise the value of all the other homes.
Improvements Likely Won’t Exceed Value
Having the best house in the neighborhood can price yourself out of your own neighborhood when it comes to resale value. On the other hand, if you buy the worst house on the block, it’s more difficult to do that. The improvements you make in your home remodel will likely land your new home right on par with the rest of the houses.
Our qualified professional remodeling team can assist you in creating the home remodel of your dreams on the north shore of Nassau county, Long Island. We are your local contractor of choice in towns like Oyster Bay, Manhasset, Plainview, Jericho, etc. For more information on our Long Island-based kitchen remodeling contractors, email us or call (631) 292-1870.