The average amount of money recouped for home remodeling projects is on the decline. According to a survey of real estate professionals by Remodeling magazine, this year’s average return on 21 popular remodeling projects came in at 66.5% nationally, down from 68.6% in 2019. Nevertheless, as the coronavirus pandemic drags on, 76% of real estate agents say that home renovation activity is on the rise. The DiMora Team are real estate experts in the Novi and Northville neighborhoods and we know that many homeowners who would rather not brave a real estate world with rock-bottom inventory are choosing instead to reconfigure their current residences. Home buyers appreciate ample space. Regardless of income bracket, people who bought a home within the past three years or planned to buy a home in the next three years wanted more square footage. That desire among buyers has only gained momentum in the wake of the coronavirus pandemic. Buyers will look at your remodeled kitchens and baths and either be relieved that they don’t have to gut them or start counting up the dollar signs. Check out below to see what sold in Meadowbrook Glens in October 2021:
24512 Kings Pointe, Novi: 3 bedrooms, 1.1 bathrooms, 1,860 sq. feet, 2 car garage, Sold Price: $300,000
Meadowbrook Glens Home Sold
October 2021
24536 Knollwood Street, Novi: 3 bedrooms, 4 bathrooms, 2,264 sq. feet, 2 car garage, Sold Price: $350,000
Meadowbrook Glens Home Sold
October 2021
But the key with bath and kitchen remodels is to keep costs down and avoid total overhauls that don’t have great ROI. Think functional and updated, rather than breathtaking and luxury. For more information on Meadowbrook Glens, or similar Northville or Novi neighborhoods such as Simmons Orchard, Village Oaks and Whispering Meadows, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.