Real Estate by Debbie Reynolds

Architectural Details Don't Bring Dollar for Dollar Returns

Doing Comps

I was helping an agent prepare a CMA and do some adjustments on a house that was totally upgraded. It was located in an average neighborhood but the owner had over-improved it by adding the finest products and architectural details that put it way over the top of the neighborhood's value. They of course thought it was worth more than the other homes in the neighborhood because of all they had done.

Though a buyer may be impressed by the way the home looks, a buyer is generally limited to value as determined by an appraiser. Replacement windows show some value but when you invest 3 times the amount into them over another good product, don't expect to get your money back. Consider it something you are doing for your own enjoyment.

The same is true about cosmetic details. They can be attractive and ever outstanding but in a buyer's opinion it may not increase value. In fact, an owner may invest tons of money into something unattractive that will devalue the home in the buyer's eyes. 

Twisted brick columns

Twisted bricks 

I saw this unique brickwork on a new commercial building and was very impressed with the talent it displayed. The masons did an outstanding job but this may not have increased the value of the overall structure. Architectural details can make a building stand out, create notice and make it look exceptional from the rest but not add the value found in added square footage and other amenities. Location matters. Home owners must be careful to not get carried away in their areas. It is not a dollar invested to get a dollar back when it comes to improvements.

Don't over-invest in improvements in your home and expect to get all your money back. It doesn't work that way. Adding baths, square footage, upgrading kitchens and flooring will give you the biggest bang for your buck.

If you are thinking about selling your Clarksville TN home, contact The Real Debbie Reynolds at 931-320 6730.

 Centruy 21 Platinum Properties2130 Wilma Rudolph Blvd.

Clarksville, TN 37040

When you need Real Estate services in Clarksville TN

                  it would be my pleasure to assist you!                             

Debbie Reynolds
"The Real Debbie Reynolds"

Check out all Clarksville TN Real Estate on My Website

                   
                   
931-771-9070 Office | 931-320-6730 Cell

Clarksville TN Homes 

                 

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Comment balloon 13 commentsDebbie Reynolds • September 08 2018 09:43PM
Architectural Details Don't Bring Dollar for Dollar Returns
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