Good Time To Add Value To Your Honolulu House Or Condo

October 29th, 2009 categories: For Sellers

Today’s Wall Street Journal on-line had an article that reminded me that now may be a great time to remodel your Honolulu house or condo. Think about this, if the work you would like to do would have cost $100,000 in 2005, if the WSJ is right, you could get the same work done today for $80,000, that’s a savings of $20,000!

“Depending on the region and the job, some homeowners are paying as much as 20% less for home-remodeling projects than they would have a few years ago. Many contractors are willing to accept smaller jobs and “handyman” projects that they used to snub. And more projects are being delivered on time and on budget—a stark contrast from the boom years.” CLICK HERE TO READ THE WALL STREET JOURNAL ARTICLE

Here is how you could benefit from that remodel or addition.

1. You get to enjoy the beauty of your fresh and new surroundings.

2. As the Honolulu real estate market rebounds you will have a property that will seem much fresher and newer, when it becomes time to sell you should make more money.

3. If you did the work in 2005, it would be nearly five years old today, if you sold five years from now that remodel would be ten years old. By remodeling today, a sale five years from now would benefit from a five-year-old remodel.

4. Since you will pay less you will need to barrow less (assuming you use a home equity line of credit) and therefore, when it becomes time to sell you will have more equity in your property.

If you need referrals to a few contractors for your job, feel free to call me at 808-737-2093 or toll free at 877-737-2093. You can email me at keahi@lava.net.

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This entry was posted on Thursday, October 29th, 2009 at 9:45 am and is filed under For Sellers. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.