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Realtor Deanna Petruzelli Lists Key Considerations Concerning Home Renovation
  • USA - English


News provided by

Executive Business Services

Apr 01, 2016, 07:00 ET

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Deanna Petruzelli, Century 21 Diversified Realty
Deanna Petruzelli, Century 21 Diversified Realty

Indianapolis, IN (PRWEB) April 01, 2016 -- “Home inventory is currently very low, so it is definitely a seller’s market,” said Deanna Petruzelli, an associate broker at Century 21 Diversified Realty. “For that reason, many homeowners are considering costly renovation projects to up the resale value of their home.”

Although many home improvement projects are worthwhile, Petruzelli stresses the importance of knowing which ones are worth it from an investment standpoint, and lists the following three considerations to keep in mind:

Consider the resale market in your neighborhood before deciding on a renovation project.

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No. 1: Value-added (or subtracted) for future buyers. “Think of your renovation project in terms of what will appeal most to potential buyers, even if you are not considering selling anytime soon,” said Petruzelli. “Converting a garage into a living space or eliminating a bedroom or a closet may cause future buyers to cross your home off the list; these spaces are among the most important to potential homeowners.” Many buyers, adds Petruzelli, won’t even look at homes that lack the right number of bedrooms.

No. 2: Project payoff. Petruzelli suggests sellers be cautious when undertaking large-scale renovation projects. Although smaller DIY touch-ups and proper home staging can yield big dividends for sellers, certain large projects may not always pay off. However, large projects that pack the most punch when it comes to adding value include two-story additions, master suite upgrades and major kitchen remodels.

No. 3: Your neighborhood’s market condition. “Consider the resale market in your neighborhood before deciding on a renovation project,” said Petruzelli. “This is particularly important if you’re considering large-scale projects, like a full kitchen renovation or converting an attic space into an extra bedroom. Every neighborhood has a price threshold of what buyers are willing to pay, so a $75,000 kitchen remodel may not be worth it in a neighborhood where home values top out at $200,000.”

About Deanna Petruzelli, Century 21 Diversified Realty
Deanna Petruzelli works with buyers and sellers as well as people relocating. She is a Century 21 Quality Service Award winner that services Carmel, Noblesville, Cicero, Fishers, Zionsville, Geist, Westfield and various Indianapolis areas. For more information, please call (317) 874-8016, or follow Deanna on Facebook. The office is located at 8310 Allison Pointe Blvd., Suite 201, Indianapolis, IN.

About the NALA™
The NALA offers small and medium-sized businesses effective ways to reach customers in the digital age, while providing a single-agency source that helps them flourish in their local community. The NALA offers its clients an array of marketing tools from press release campaigns and social media management to a cause marketing program. The NALA’s mission is to make businesses relevant and newsworthy, both online and through traditional media, by providing increased exposure at reasonable costs. For media inquiries, please call 805.650.6121, ext. 361.

the NALA PR, Executive Business Services, http://www.thenala.com, +1 805.650.6121 Ext: 361, [email protected]

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