Home Builders Milwaukee | Custom Homes | Cobblestone BuildersWith the rise of home improvement reality TV shows featuring actors and actresses making remodeling look simple, homeowners have romantic notions of remodeling their “fixer upper” to be exactly what they want. The truth is, when these owners think of buying a new home and begin to pull together the costs of making this older home exactly what they want, they begin to realize that it’s really costly and perhaps they bite off more than they can chew. Also, they don’t understand that there is a point in which the money you put in your home will come back to haunt you when you sell.

When Is Remodeling A Bad Thing?

For most people, the “fixer upper” home is not their final home. This is maybe their first home, and down the line, they’ll want to upgrade into something a little bigger or in a better neighborhood. If that’s the case, be cautious with how much you upgrade your home. It’s awfully tempting to put thousands of dollars into remodeling your bathrooms, kitchens, and bedrooms. Maybe you’ve seen TV shows that talk about how doing these projects will lead to a profit when you sell the home down the line. While there’s a little truth to that, that’s definitely not always the case.

The general rule of thumb is to never spend more than 20% of your home’s value on renovations. Why that number? It’s simple. Frankly, you don’t want to have the most expensive home in your neighborhood. When you go to sell this home, your potential buyers are going to compare your listing with those homes in the same area. If they see that your home is way more costly than others, they’re going to use that to negotiate against you. That’s when you see your profits disappear, and suddenly you’re spending more than you got back.

Building A New Home Can Be The Best Investment

When you look at the costs of a new home and think that it’s a little out of your price range, you should think twice. Buying an older home and upgrading it down the line seems like a decent idea, but there’s always things that can affect that. Maybe your projects never get done and you end up living in a home you’re not happy with. Perhaps those projects go vastly over budget, leaving you in debt more than you are comfortable with?

With a new home, you know the costs. You decide what goes into it before you build. You know you’re getting the home of your dreams because you worked with a builder at the beginning and planned it out. Finally, you know that the home you’re building is in a neighborhood with similarly priced homes that will attract buyers willing to spend top dollar to buy your home.

Build Your Dream Home Today

At Cobblestone Builders, we strive to make sure our clients get exactly what they want. We want you to have the home of your dreams now, and not down the line. We don’t want you to stress over looming costly home improvement projects. You deserve the home you’ve always wanted, and Cobblestone Builders is here to help!