{"id":5847,"date":"2016-12-07T10:08:02","date_gmt":"2016-12-07T15:08:02","guid":{"rendered":"http:\/\/homeadditionplus.com\/dev\/?page_id=5847"},"modified":"2017-05-14T18:55:08","modified_gmt":"2017-05-14T23:55:08","slug":"remodeled-home-out-price-neighborhood","status":"publish","type":"page","link":"https:\/\/homeadditionplus.com\/dev\/real-estate\/remodeled-home-out-price-neighborhood\/","title":{"rendered":"Will your Remodeled Home Out-Price the Neighborhood?"},"content":{"rendered":"<h4><span style=\"color: #008000;\"><strong>Consider the Return on Investment when Planning a Home Remodeling Project<\/strong><\/span><\/h4>\n<p>By Mark J. Donovan<br \/>\n<script type=\"text\/javascript\"><!-- google_ad_client = \"pub-3988490936633155\"; \/* Homepage_Home_Improvement_468x15_ATF, created 8\/13\/10 *\/ google_ad_slot = \"6539705898\"; google_ad_width = 468; google_ad_height = 15; \/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<div class=\"KonaBody\">\n<table style=\"width: 100%;\">\n<tbody>\n<tr>\n<td width=\"50%\">\n<p align=\"center\"><script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script><br \/>\n<!-- New_300x250_051317 --><br \/>\n<ins class=\"adsbygoogle\"\n     style=\"display:inline-block;width:300px;height:250px\"\n     data-ad-client=\"ca-pub-3988490936633155\"\n     data-ad-slot=\"4202793463\"><\/ins><br \/>\n<script>\n(adsbygoogle = window.adsbygoogle || []).push({});\n<\/script>\n<\/p>\n<\/td>\n<td width=\"1%\"><\/td>\n<td style=\"text-align: left;\" width=\"49%\">When considering a home remodeling project it is important to understand upfront how it will impact the value of your home. If your home is already priced at the high end in your neighborhood then adding a home addition or investing in a major home remodeling project may be risky from a return on an investment standpoint. If on the other hand you have one of the smaller homes in the neighborhood adding an addition or remodeling the kitchen may pay off handsomely for you down the road when you sell the home.<\/p>\n<p>To better understand what your home may be worth after completing the home remodeling or addition project you may want to talk to a real estate agent first. A real estate agent can do a competitive market analysis (CMA) on your home.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>When they do the CMA they can include \u201ccomp\u201d homes that are similar to your home before and after the home renovation. You can then take this information and compare it to the actual costs of the home remodel or addition to see what the return on investment, if any, will be.<\/p>\n<table style=\"width: 100%;\">\n<tbody>\n<tr>\n<td style=\"text-align: left;\" width=\"50%\">Also carefully consider your home addition or remodeling design plans. Make sure that they are aesthetically attractive to the rest of your home and the neighborhood.<\/p>\n<p>For example, from a return on investment standpoint you wouldn\u2019t want to renovate the exterior of your home to look like a colonial style home, in a neighborhood filled with contemporary style homes. You\u2019d be doing a financial disservice to both you and your neighbors.<\/td>\n<td width=\"1%\"><\/td>\n<td style=\"text-align: center;\" width=\"49%\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-5827\" src=\"http:\/\/homeadditionplus.com\/dev\/wp-content\/uploads\/2016\/12\/green_building.jpg\" alt=\"Will your remodeled home out-price the neighborhood?\" width=\"268\" height=\"201\" \/><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>If on the other hand money is no object, or you plan to live in the home a long time, or your family really needs the space, or the home absolutely needs updating, then by all means make the investment and tackle your home renovation.<\/p>\n<\/div>\n<hr \/>\n<p><span style=\"color: #008000; font-size: large;\"><strong>For help on building a home addition<\/strong><\/span>, see HomeAdditionPlus.com&#8217;s <strong><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" title=\"Home Addition Bid Sheets\" href=\"http:\/\/homeadditionplus.com\/dev\/home_addition_bid_sheets\/\">Home Addition Bid Sheets<\/a><\/span><\/strong>. Our Home Addition Bid Sheets provide you with the knowledge and information on how to plan a home addition project, and what to look for when hiring contractors. They also include detailed cost breakdown tables and spreadsheets for estimating your own new home addition building costs.<\/p>\n<h3 align=\"left\"><span style=\"color: #008000; font-size: large;\"><b>Related\u00a0Information<\/b><\/span><\/h3>\n<ul>\n<li><span style=\"font-size: large; color: #0000ff;\"><b><a style=\"color: #0000ff;\" href=\"http:\/\/homeadditionplus.com\/dev\/real-estate\/remodeling-your-home-how-much-is-too-much\/\">What is Too Much when Remodeling Your Home<\/a><\/b><\/span><\/li>\n<li><span style=\"font-size: large; color: #0000ff;\"><b><a style=\"color: #0000ff;\" href=\"http:\/\/homeadditionplus.com\/dev\/home_articles\/first-floor-additions\/\">Top Considerations when building a First Floor Addition<\/a><\/b><\/span><\/li>\n<li><span style=\"color: #0000ff; font-size: large;\"><b><a style=\"color: #0000ff;\" href=\"http:\/\/homeadditionplus.com\/dev\/home_articles\/types-of-home-additions\/\">Five Types of Home Additions<\/a><\/b><\/span><\/li>\n<\/ul>\n<hr \/>\n<h3><span style=\"color: #008000; font-size: large;\">Free Home Addition Price Quotes with No Obligation!<\/span><\/h3>\n<p>Fill out our 3-5 minute quick and easy form, and receive a free price quote\u00a0on a house addition from one of our prescreened and licensed home addition contractors. This process is free and there is no obligation to continue once you receive your house addition price estimate.<\/p>\n<p><iframe loading=\"lazy\" src=\"https:\/\/www.inforequests.com\/pub5x\/\/?allowRefNet=N&amp;layout=H&amp;PublisherSubID=Room_Addition_Bottom&amp;url=http:\/\/g.gaesy.com\/cgi\/r?;n=203;c=622397;s=4383;x=7936;f=201006161516140;u=j;z=TIMESTAMP;&amp;servicescheckbox=ROOM_ADDITIONS&amp;submit=submit\" width=\"660\" height=\"560\" frameborder=\"0\" scrolling=\"no\" data-mce-fragment=\"1\"><\/iframe><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Consider the Return on Investment when Planning a Home Remodeling Project By Mark J. Donovan When considering a home remodeling project it is important to understand upfront how it will impact the value of your home. If your home is already priced at the high end in your neighborhood then adding a home addition or investing in a major home remodeling project may be risky from a return on an investment standpoint. If on the other hand you have one of the smaller homes in the neighborhood adding an addition&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":2027,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-5847","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Will your Remodeled Home Out-Price the Neighborhood? - HomeAdditionPlus.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/homeadditionplus.com\/dev\/real-estate\/remodeled-home-out-price-neighborhood\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Will your Remodeled Home Out-Price the Neighborhood? - HomeAdditionPlus.com\" \/>\n<meta property=\"og:description\" content=\"Consider the Return on Investment when Planning a Home Remodeling Project By Mark J. 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