Profile picture for user303103

I recently bought a new construction townhomeand I want to make a lot of improvements to the interio

  • October 17 2012 - Oxnard
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Answers (10)

Profile picture for wetdawgs
Can you make the  money back in interior upgrades?   Rarely, probably not.
  • November 11 2012
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Most Condo associations will allow remodeling of the interior of the units, but you should check with the association to be sure there are no restrictions.

  • November 11 2012
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Profile picture for Bruce Cadden
Actually the newest trend is for painted appliances and solid surface counters. The stainless/granite look is everywhere and it's all beginning to look the same.
  • October 18 2012
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Profile picture for Ofe Polack
Since you know the rules and regulations already, I guess your questions is more about whether you will get back the $$$ you invest in upgrades and in order to advise you on that, we need to know the present condition of the condo and the condition of other comparable properties.  Buyers now like stainless steel appliances, granite countertops, tile in Kitchen and Bathrooms and hardwood elsewhere.
  • October 18 2012
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There are several online sites that discuss the anticipated percentage of return on Home Improvements.  Being that you bought new construction, the likelihood is that you will only get back 70-80% of the cost --- and, depending on what you are doing, your home may either become more or possibly less desirable to a new Buyer.  Do the upgrades and enjoy them for their attributes.  If you are trying to 'make money' on them, you are better off buying a FIXER to flip in 5 years.  Good luck!
  • October 18 2012
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It really depends on how much and how carefully you spend. The thing to avoid is over-improving. If you can do some of the work yourself or if you have a contractor in the family, that can make things easier.
  • October 18 2012
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Profile picture for user303103
I think my question was cut off - I want to know if I can expect to make back the money I put into interior upgrades when I sell.  I plan to move/sell in about 5 years.  And, yes, I know all about the HOA rules etc.   Thanks.
  • October 18 2012
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You need to read your Condo By-Laws and make sure you don't need permission and then you would check with your local town hall to see what
permits you need.
  • October 18 2012
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Not only do you have to check with the city and county for permits, you need to also read your CCR's and Rules and Regs regarding modifications to the unit.  Most HOA's have guidelines which must be followed.

Good luck with your remodel.

  • October 18 2012
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Congratulations!  Check with Building and Safety first, as you may need permits for the alterations.
  • October 17 2012
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