Buyers Want Turn-Key Homes

In the current real estate market of luxury homes buyers do not need to purchase homes in need of substantial renovations. The 5 million dollar buyer can well afford to spend 6 million dollars on a home that has been completely renovated. Homes that are 20 years of age and in desperate need of a remodel sometimes require an excess of 500k to 750k worth of renovations. If you are a home owner who’s home needs a facelift, by not doing the renovation, you can expect to reduce your home by almost double the renovation cost to attract a buyer. Thus loosing almost a million dollars. It would be in your best interest to seek the advice of a qualified building professional before reducing your home to those levels.

Dominick Devito, DFT Management, LLC

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s