Many homeowners have opted to remodel their existing home rather than buy up into a new home. However since they may still be planning to sell in the future it is important to them that their remodel brings a good financial return. In addition some homeowners are viewing the remodel as a means to spruce their home up for sale with the hope of getting a better price and making their older home more desirable in today's market. According to NAR studies many exterior remodeling projects such as new siding or adding a deck bring a higher return than a lot of interrior remodels such as a new kitchen. For more details read what Inman News has to say in their recent article about remodeling returns.
In the Charlottesville real estate market you will see many resale homes on the market that have had upgrades and renovations. While these homes will not always bring a higher price than comparable Charlottesville homes on the market, coupled with a good location, they will usually be the one to sell.
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