Want to increase the value of your home, without making expensive mistakes? In this episode, Todd and the team break down the smartest ways to add value to your property… from low-cost upgrades to major remodels that actually move the needle.
But this conversation goes beyond just resale value. Todd dives into the difference between: 🏡 Financial value ❤️ Lifestyle value 📈 Return on investment ⚠️ Costly mistakes homeowners make all the time
Whether you’re preparing to sell soon, thinking about renovating, or just want to love where you live more, this episode is packed with practical advice from over 20 years of helping DFW homeowners maximize property value.
Need help deciding what’s worth doing to YOUR home? The Todd Tramonte Home Selling Team helps homeowners throughout DFW determine which updates will create the greatest impact for both lifestyle enjoyment and resale value.
Is Moving to Dallas - Fort Worth, Texas Right For You? 👉🏘️Take the Texas Fit Finder Quiz: http://texasfitfinder.com/
My name is Todd Tramonte, and I've been a Real Estate Broker and Team Leader of the Todd Tramonte Home Selling Team in Dallas Fort Worth for the past 15+ years. If you need an expert, full-time, fully committed agent, call our team. If you have ANY questions about relocating to Dallas Fort Worth or moving within Dallas Fort Worth, please contact us:
This video explores strategies for increasing property value by balancing financial return on investment (ROI) with lifestyle quality. It emphasizes a psychological approach to home improvement, prioritizing the removal of negative impressions before adding upgrades, and provides a tiered guide to low, medium, and high-cost enhancements tailored to market ceilings.
What's up party people? Welcome to DFW Real Estate Weekly. Lots to talk about this week
as lots is going on in Dallas-Fort Worth real estate, but the question of the episode is
how do I add value to my home? How do I increase my property value and how many different ways can
I do that? So we're going to get into low cost ways to increase your property value, some medium
cost ways, and then some big projects that might actually require some significant budget,
but have massive increase in your property value. Before we dive into all that, I do want to
address there's multiple types of value. When we say increased property value, there's more
than just financial value. So we'll dive into that here in just one second, but we are joined
in studio. This is DFW Real Estate Weekly with Todd Tremani, but there is more than Todd Tremani
here. We've got the legend of DFW Real Estate, marketing specialist, extraordinaire, and ice
skating guru himself, John Kanica. Welcome, John. Thanks. Wow, he's super. He is pumped to be here.
The humility. I'm very excited. The humility of this man. Just legendary status. Everyone knows
and he comes in with a... Thanks. No, I'm glad to be here. It's good.
Thanks. Okay, moving on. We also have the English wonder himself, the Yanni Donnie himself,
John. Hi, Ian. Happy birthday. It's mom. Thanks. Nailed it. And from the back row, full prize,
Courtney, producer extraordinaire of all things audio, video, and digital. Even John's woo is
exhausted from selling all of the houses. The football coach, my son's football coach,
after anything he's announcing, he makes the boys, he calls it two claps and a Ric Flair,
and they all together go woo. Now that nobody's listening because we've yelled into the
microphones, how do you add value to your property? So we're going to dive into some of the specifics.
Let me first say this. Most of the time we only focus on the financial value. So obviously,
if I spend this much on my kitchen, how much am I going to be able to sell my house for or
other variants of that? But I want to pause first and just talk about the lifestyle value.
I'm a real estate broker. I've been doing that for over 20 years. Most people would expect me
to talk about increase the ROI, increase the financial value, decrease the tax value. And
we can talk about all that. But the thing that I get most excited about is making your home
incredibly valuable for the life that you want to live. Whether that's you and your spouse,
you and a partner, you and your children, you and your parents, whatever the makeup of the home is,
what is it that you dream of? What is it that you feel called to? What is it that
it's kind of crying out to you that you get fired up about that you want home to be? And that can
be true whether you own it or rent it, or you're living with family or friends. But today we're
going to talk about both the lifestyle value. And of course, we'll focus on some financial value as
well when it comes to improving the value of your home. But it goes without saying that there is
more than one type of value. So when you are making decisions about which countertops or floors
or windows or doors, it's also important to say, okay, what's the cost? What's the return on that
investment financially? But will that lead to more peace in our home? Will that lead to more
entertaining opportunities? Will that lead to a more quiet study or more rest and recovery? Or
will this feel warm and welcoming? Or does it just have the right amount of square footage?
So that's an important piece of the conversation. And the good news is you can both do lifestyle
value and financial value. So the financial value is a lot of what I've already said. But
somebody might say to you, John, okay, I want to sell my house, but I want to sell it for the most
possible. What could I do right now to increase the value? How often do people ask you questions
like that before selling? Almost all the time. Yeah, almost every single time. Is there certain
parts of town where people want to know that? Or is it pretty much everywhere? It's pretty universal.
Jim had asked how you can decrease your value of your house, or is it just the increase?
Just the increase. I just wanted to make sure.
No, I'm really so glad that you asked that really helpful question. John,
see what I'm working with? I'm glad you're here, John. Maybe you can help. Okay. Again,
the good news is you can do both. So you can say, look, we want to increase the value of the home,
but maybe we're not ready to sell. We want to enjoy it for a while. Or we have no intention
of selling, but someday when we do or pass it on or whatever, we'd like it to be worth more,
but really we want to enjoy it more. So both of those things factor in to property value,
whether you're increasing or decreasing, but we are talking about increasing property value.
So I've got one counterintuitive thought before we open it up for a little more discussion
on how do we increase the value of your property. And I've been saying this,
it feels like 25 years, but at least 15 years, I have had this core foundational flag in the ground
philosophy that before you go and try to add things to your house to increase the value,
step one of increasing the value to your house is to remove negatives. So before we add things,
new windows, new countertops, new carpet, new paint, new furniture, new design, new fireplace,
and before we do new stuff, we need to stop and look around and go, okay,
where are there some negatives here? And some of the obvious negatives are like,
is there a hole in the sheet rock, right? Has the dog chewed up all the baseboards?
So if somebody walked into my house before they could see the positives,
their eye would be drawn to the negatives and be like, man, it smells terrible.
Breathe out the negatives. Yes. Breathe in. You're so helpful today. Thank you.
Well, I think the smell is an important one because a lot of people walk in. It's one of
the first things. You could have gorgeous kitchen, gorgeous wood floors, and have a terrible odor.
And what are some of the worst smells by the way? Cat, pee pee, urine. That's the worst, right?
Yeah. That's the worst one. I put that as my number one worst and the hardest to get out.
Must smoke. Smoking for sure. I would say cigarette smoke is number three, but like a house
fire type of smoke is number two. And, and, and remediators would tell you that too,
that oftentimes with cat urine or like a burning fire, they'll have to seal the foundation or the
studs, which is people disagree on whether you should do that. But I even had someone at that
time had a problem. Otherwise, otherwise the smell just before we started working with them
and they had to rip it all back up, go in and stain. And they had already got new carpet,
put it on top of the concrete and they had to go back out, rip it all out,
stain it, and then put it back, seal it in. That's rough. And those are some of the mistakes
people will make if they don't have an incredible world-class leader guiding them through the
process like John or the rest of our team or other world-class agents around the country.
Now, so smells is one of them. What are some other things that you would say
you have to gracefully tell people, you know, Hey, before we go add stuff, let's tidy these
negatives up. What are some of the common ones? Some cracks in the wall,
potentially from foundation movement or anything like that. Of course, like you said,
filling holes throughout the house, where there's like kids with crayons on the walls,
that kind of stuff. And sometimes if the, you know, carpet looks like it's been really worn,
things like that. Yeah. What about things like just really obviously old dated things? Some
people are like, it's still working. We'll have to tell them, you know, that, that oven
is like literally 38 years old. So when we sold our house, that was the example.
And I think I've shared it on this show before. That was the example you gave us where you're
like, Hey, you guys have redone your entire kitchen. You've redone the floors, but you have
the original 1982 oven that's in there. And people always label their houses. When they go and see
them, they're seeing six, eight, 10 different houses, maybe more. And they always label them by
the thing that stands out the worst. Oh, it was the, it was the bad backyard house. It was the
dated master bathroom house. And you were like, you don't want to be the old oven house. Just go
to a scratch and dent type of place, go get a new oven for a couple hundred bucks. And it's going to
like rule that out. Yep. Yep. Yep. The perfect illustration. And we teach our agents. We teach
our agents that well, you know, thank you for the compliment that I actually do what I say,
because that was 12 years ago. How long? Uh, yeah, 2000 and yeah, 50, 11 years ago,
11, 12 years ago. Yeah. So I was practicing what I preach. Now the bigger point there,
and we train our agents on this is, is the human psychology, whether we like it or not tends to
start with the negative and work towards the positive. So what Ian was saying is exactly
right. People will say that was the smelly kitchen house, right? That was that, that was
ugly door house. That doesn't mean they won't buy it. It just means that's the identifier for
them. They're like, man, that house had a gorgeous backyard. That living room was awesome, but it had
that weird hall bathroom. Yes. So they're not saying no, but the thing they're thinking of
first is we're going to have to overcome that to be willing to buy it. Or we might not be willing
to pay full value because of that. Or you might be thinking, I would love to host a party, but I'm
embarrassed about that one feature. And so I'm not getting the lifestyle value out of my home as
much because we know we've needed to restain that front door forever and we just haven't done it.
And it's embarrassing when people walk up and see you, you know, whatever. I'm not saying you have
to feel that way, but a lot of people do. It's also one of the reasons that I don't like when
agents put online that there's a credit given towards carpet or whatever, because even before
you've gone and seen the house, you already know it's going to be not good. And now I'm just
assuming that credit is part of the deal. And emotionally, it's still worth less because I
still saw the ugly door, the ugly floors, or the ugly walls, or the bad tile, or the nasty grout,
or the old funky sink, or all the things that we all know. Even like curtains too is kind of, you
know. Yeah. And I'm glad you said that because those are usually, they're the easier things to
fix. Now, if you have like a destroyed foundation, that's not as easy to fix. But
most smells are not that hard. We mentioned some that are hard. Baseboards, doors, some backsplash,
a sink, some light. A lot of, like you said, that appliance was like, it doesn't have to be
world-class. It just needs to not be old. It needs to not stand out. So a lot of these are simple
negatives to remove. They are lower costs. They're lower energy. They're quick turnaround.
Not all, but a lot of them are. And now the buyer can view all the positives that you already had,
or that you might want to add to increase your value. So that transitions pretty well.
Let's just kind of rapid fire here. Courtney, feel free to jump in from the back. What are some of
those lower cost things that tend to be fairly easy to do to increase the value, whether it's
for financial resale value or for just lifestyle value? What are some of the lower cost, cheaper?
I don't like the term cheaper because these aren't necessarily like low quality. They just don't
cost as much out of pocket to increase the value of your home. What are some things that come to
mind? Mulch. Okay. Landscaping. Sure. Yeah. By the way, you could go to a website like chipdrop.com
and get massive amounts of wood chip mulch for free. Now you or somebody has to spread it. You
hire a kid in the neighborhood or whatever, but you could mulch every single bed on fairly large
properties for $0 or just labor or whatever. Oh, an Italian neighborhood. Or sometimes an
entire neighborhood, but you could dress up your landscape oftentimes for little to nothing.
Even if you're just getting some bag mulch at the right time of the year, maybe a couple of
hundred dollars and the whole landscape looks better. Maybe it's a little bit of flowers
right towards the front door. So it draws your eye from the curb to the front door.
And now I sort of subconsciously, I want to go in this house. It's drawing me in.
This feels welcoming. Do you ever have someone just say, I don't know what was wrong with it?
Just didn't feel like home to us. Just didn't feel like the one for us. People say this stuff
all the time. And it's not that we're trying to manipulate, but our job when we're marketing a
home for sale is to help create the feel, the vibe that this is home for us. I wanted to be
here. I didn't want to leave. It drew me right in. These are some of the things even like trees
too, too close to the house, brushing, opening it up a little bit. Yeah. Open it up how close
it is to the house or sometimes bringing up the canopy. So from the road, you can actually see
the front of the house. Sometimes it's the opposite strategy. It's like that part of the
house is just a little asymmetrical. Let's leave that tree blocking it or balancing it. So
landscaping is a big one. Um, what else? Sometimes it's like pressure washing, just super simple,
like clean up the side routes is often like a shower could look a lot better. Just updating
the ground. What do you think it's costing people right now to have some grout cleaned?
It's, it's very cheap. Very, very cheap. Like dozens of dollars. Yes. You can go to home Depot
or Lowe's or whatever you want and get grout cleaning kits. And they're pretty decent and do
it yourself for like under $30, definitely under 50. And you could have someone come out and
professionally do your whole house for probably under a thousand dollars, depending on how big
your house is. Of course, I'll take your grout and I'll raise you cabinet handles. Yep. So hardware
or the handles on cabinets and drawers and things like that can totally dress up a kitchen or a
bathroom, especially like a hall bathroom where everything's just kind of white or gray and it's
fine. There's nothing negative to remove, but you don't want to invest tons of money for massive
improvements. You can do little touches like that. And staging is a whole other topic where
you can do that. But staging comes and it goes. It's how we present it. Handles or hardware,
things like that tend to, you know, they're going to stay with the house and someone's
going to feel like there's a little more pop in there. And I think lights as well,
making sure, first of all, like a real simple, just make sure the bulbs all match.
Oh, say it again. Say it again. Making sure all the bulbs
match. Do they all need to work? Yes. They need to work as well. Yes. And then also just even
changing on some fixtures that would update it or give it a little bit more current to look.
What if the light bulbs are like really high up and you can't reach them? Do those need to work?
Yes. It turns out all light bulbs get it. This show is brought to you by the Todd Tremonti
Home Selling Team, where we guarantee to sell your home over the average price and under the
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Let me just break this down really quickly. First of all, you're saying make sure all the
light bulbs match because, you know, over the years of living in a house, the technology changes.
It didn't go out, so why change it? You've got some daylight, you know, yellowy. You've got some,
you know, low-cost, you know, LED that's a little grayer. And the buyer, even if they don't fully
consciously notice it, it's just a weird vibe. It's a little hit or miss. It's a little splotchy.
As opposed to finding not only just matching lights, but the right lighting, the right amount
of lighting, the right tone of lighting for that room. Stagers can help with that. Designers can
help with that. A great agent can help with that. So sometimes it's like, let's change the light
fixture in the dining room. Yes. Now that could be $80 or it could be $8,000, you know, depending
on if it's lifestyle value or pride of ownership or resale value. You might do that a little bit
differently, but these are low-cost things that can have massive impact on a home when it comes
time to sell it. Now, restaining or repainting could belong in low cost. It could belong in
medium cost. It could even belong in high cost. And obviously that just depends on what we're
talking about. If you refinish all your wood floors, which by the way, can be a huge
wise investment, but that's not going to be low cost. But potentially touching up a wood door
or a very small amount of cabinets, or like I said before, baseboards or something like that,
could be a low cost restain or repaint or retouch up. Just painting one room,
relatively low cost. So those are all things. And I'll add one that's usually my favorite,
landscape lighting. You can typically go to one of the box stores or Amazon and get a kit of
eight or 12 or 16 or whatever. I prefer the low voltage wired lighting, but they even have solar.
And if you ever have evening showings or you take photos in the evening, which I recommend,
that house is going to pop. And depending on where you live, you may be the only house on the block
that has that pop. And now you're standing out from the crowd and you're increasing your value
for very, very, very, very low cost. And also the, I think the perimeter fence,
that looks warm. It might be in great shape. It may look sturdy, everything good, but just
let me use the fence to bridge us from low cost to medium cost, because depending on the property,
that could be lower medium. That could be pressure washing the fence that could be
staining it with bleach or treatment, or it could be a full cleanup and restain,
or maybe a little bit of a rebuild. So let's quickly go through some medium cost things
that could increase, not just the financial value, but the lifestyle cost, right? So you could change
out cabinetry or shelving. That's not going to be cheap, but it doesn't have to be crazy.
You could replace countertops and depending on the types of countertops,
you could go all the way from like a pre-cut granite that you could get someplace like
seconds and surplus or floor and decor, or even Home Depot. Or of course you can move into a
higher cost and be bringing in specialized marble and things like that. But a whole interior paint
job is kind of a medium cost thing. What are some other like mid-level cost things, John,
that you might be recommending that sellers do to increase? Sometimes walk in and see a mismatched
fence kind of done one side this way. That's getting it all together. So that might be like
a rebuild of part or all, not just like a tidy up, but some construction. Make sure it's stained
and looking great. Countertops, carpet. Although I think carpet should be really more like maybe
theater room, bedrooms, but the rest of it would recommend hardwood.
Yeah. And obviously carpet could be a low cost or a mid cost, depending on the quality of the
amount, right? For a season there, everyone was going with the really deep, lush, heavy,
heavy pad carpet in rooms like media rooms because people just sprawled out on the ground
watching movies or playing games. Ian, any lifestyle, like medium cost that you're like,
this isn't necessarily for resale, but it just makes home more enjoyable or comfortable or
inviting or any of those type things. Yeah. I mean, I think like outside landscaping
in terms of like, maybe you have an area that you want to use for, for grilling and cooking
and hanging out and chilling outside and all that stuff. I mean, all of that stuff's good.
Amen, brother. I was trying to set you up for kitchen appliances and things that just make
like hosting, cooking, gathering, holidays, all those kinds of things. Right. So I would put some
of those things in the mid cost level, just depending on, you know, you, you mentioned low
cost appliances in the first kind of story you told, but you know, you might upgrade the kitchen
because you love to cook. You love to bake. You love the host. We've talked about like Butler's
kitchens and Butler's pantries and things like that before. Those are some things you might do
for resale. Just like, man, no other homes have this. I would pay more for that. Or just cause
you love it. And those are mostly be kind of mid cost. Now there's some high cost stuff as well.
And we'll go quickly here. Cause I think these are the ones most people know about, right?
They're the more obvious common things like you patio outside and really doing like a full upgrade
on your kitchen, you know, knocking out walls, making things bigger. Like the things that you're
just like, yes, this is a big, more of a remodel type of situation. So John,
Nobody in DFW breaks highest sales price ever records as well, or even close to you. Right.
So what are some of the big remodels that you think that does that's worth it? That might be
$10,000, but that's worth it. What are some of the big remodel things that you think really do
increase property value? The kitchen, I think for sure. Absolutely. And bathrooms, I think probably
have the biggest impact because spent a lot of time in this and also just gets a really nice pop
to it. And then flooring throughout the house and not mismatch flooring, but a consistent flow
through and not having one section of the room where you have to see three different floor
patterns, you know, towel, carpet, and hardwood floors. So, but I think kitchens and bathrooms
are probably the most important. I think we wish we could be more clever on that, but the reality
is we spend the bulk of our life in our main bedrooms and kitchen and main living rooms. And
those are where total remodels, major investments tend to return. What are some areas, this is for
everybody, what are some areas that really do pump lifestyle or financial home values up, but
maybe are a little bit more under the radar that people don't think about as much regardless of
price? Well, I think fully painting the house to a real fresh pop. And I know that can be a little
costly, but I think a fresh paint job is really like just making the whole house feel nice. Nice.
What are some under the radar ideas or some things that have surprised you guys? Clean windows.
So I think this one is really under the radar. We're not saying new windows.
Just clean them. If your home is for sale or going for sale, or you're, I always say,
wait till right after spring where we just get a lot of rain and a lot of splash,
and then clean those windows in summer when it's bright and there's a lot of sun coming through.
Lifestyle and financial value. Now the financial value is during that season that you're selling
it. So everything looks cleaner, bigger, brighter, fresher, optimistic. For lifestyle value,
that's when I would come in early summer and really enjoy all summer, fall going into winter,
just with a cleaner, fresher, brighter, more open feel. I think window cleaning is an absolute
home run. You already mentioned light bulbs. That's one that I think a lot of people don't
think about. And we mentioned the negative of stinky houses. Go ahead. Smell. Yeah. Let's
get some candles going. Yeah. I walk a lot of times in the house and the food you can actually,
it's like, it's a very overwhelming, even with the food. So I would say also when you're selling
your house to be careful not to be necessarily cooking very strong. So I'm not allowed to make
gumbo while the house is on the market? Yes. I would not be. I had to put that in the outdoor
kitchen because Dana told me I'm no longer able to cook fish and shrimp in a big pot. Well, and
I've had people get feedback saying the house was great, this and that, but the smell and not even
like cat or dog or whatever it was, the food smell. Yeah. Hey, this is DFW Real Estate Weekly
with Todd Tremonti and I've got John Kanica, marketing specialist or listing agent is what
most people call that. Extraordinaire in studio. We've also got the Yanni Donnie and full price
Courtney in the back. So we got, we got everybody today and we're just talking about ways to improve
your property value for, for financial value, resale value, but also lifestyle value. And there's
some stuff that people just assume always works and it doesn't always work to improve your property
value, whether it's dollars or lifestyle. And some of them we've already set. So we've said
some of these do work, but they don't always work. It's not just, if you do this, you get
more money. So John, have you ever seen somebody that remodeled their entire kitchen and you've
had to find a way to tell them that it in fact did not improve their property value? Well, that's
usually when they're cutting corners and doing sort of a, kind of a bad remodel job instead of
going all out, doing it right. You know, a little high end, make sure it's solid to get the value
out. But there's people that, you know, try to go like a shortcut on the niceness. I think some
people just think if I can say new and I can say kitchen, I'm going to get a bunch of money for
that. And it's like, well, that's not always true. I also think there are some extreme situations
where the kit, you did an incredible job, but your house was just already at like the maximum value.
And so the buyer is going to be happier with it, but you're not going to get any more money for it,
even though it did make your house nicer. And a lot of people have a hard time understanding that
let's just say your house homes in your neighborhood sell for five 50 and your house
is already worth six 25. Like you're not a bank's not going to lend any more than on six 25,
a buyer's going to feel irresponsible in that area paying more than six 25.
But you did add a brand new kitchen and that house is nicer and the kitchen will be more
useful and it didn't cut corners, but the house was just already at max value. So
sure. For the sake of increasing value, you shouldn't have done it for financially
for lifestyle value. You made it wonderful, but that stuff actually happens in it. It's
more market specific. It depends on the cycle of the market we're in, but there are seasons where
we have to tell people that stuff all the time. No, that would be better, but it won't increase
your value. Don't do that. There's also some stuff where we're like, I know solar panels sounds
great. I know the idea of not having an energy bill or being more energy efficient or being
more earth friendly. I know that sounds great, but tell folks, John, why that often doesn't work.
Yeah. That's usually when I see that or know about that, it's almost like the kiss of death.
It's terrible. People have a second loan lien against their house on it. Buyers are not willing
to obviously pay for the solar panels they want to pay it off at closing. I've had some situations
where it kind of killed the deal. Yeah. So let's just say the assumption here is, man, if I added
solar and I was more energy independent or more energy efficient or my energy costs in the month
by month weren't as high, that's going to increase my value. That would be the assumption. You're
saying here's what's wrong about that. Most of the time, the buyer then has to take over your
lease payment or your loan payment on the solar panels. Even if there's no remaining payment on
them, they're on the roof. And if there's a hailstorm or anything like that, they're almost
uninsurable. And now I carry this larger cost. So in our experience in 20 plus years in DFW,
we've actually never one time seen solar panels help a buyer buy a house.
I would say it's a big strike negative solar panels.
And then the last one I would just throw out there is swimming pools. It doesn't mean they're
not amazing and it doesn't mean they don't increase property value, but sometimes they
don't. And most of the time they don't increase the value nearly as much as the cost of installing
them. So I would say a pool is much more of a lifestyle value deal than a financial value deal.
You're going to get some return on the financial investment and sometimes you can get
more than you put into it, but that's pretty rare. So that one's a little more well-known,
so we don't have to spend a ton of time on that. So we've been through a bunch of what
really it comes down to when you think about property value. Is there anything that you've
encountered or it's fired you up? Anybody that you're like, we've got to let people know,
here's what you should or shouldn't do to improve your property value,
either financially or just lifestyle wise. Don't have ridiculously colored rooms.
Yeah. And I would say go ahead if it makes your lifestyle great, just know you're going to have
to redo it. Sure. If you want to live in there, awesome. But if you want to sell it, don't have
the pinks and the oranges and the like super bright stuff. Or too dark. Yeah. Or this strange
fountain in the middle of your master bedroom. We've seen it all. And I would say, look, if you
don't care about the financial resale value, do whatever you enjoy. It's your house. Don't let
ROI burden you. But if you do care, then enjoy your home to the best of your ability and just
limit the most extreme decisions so that they're still in the general in-demand design, in-demand
utility range. So instead of having a super bright gold flake paint on your dining room wall,
if you're about to sell it, stay in the modern current in-style color palette.
But if you just love that and that's your family's favorite or your favorite college sports team or
whatever, and you don't care about financial value or resale value right now, enjoy it.
So we're not saying don't, we're just saying, be careful. Is this for lifestyle value or is
this for financial value? Yeah. And the feedback I get is never, oh, it's too bland. I get the
feedback of too many colors, too much, too different. Don't cut corners. I'm not saying
don't do things on the cheapest side of things. You do what you can afford to do, right?
But you can do things cheaper, but at a really high level. I'm saying don't cut the corners
because you can save a hundred bucks here and a hundred bucks there because people are going to
find out. You'll often be worse off if you did a bad kitchen remodel than if you did no kitchen
remodel. Because as a buyer, I'm like, well, it's old. I could update it. Or I'm like, well,
they updated it and they tried to hide a bunch of stuff or cheap. I'm going to have to redo it now.
So I have the burden of feeling crazy about tearing out a remodeled kitchen and redoing it.
Now I just don't even want to touch that. So you've lost me completely and you spent the money
to cut the corners. I think there's two things that you're saying earlier, when you overdo it
in the neighborhood, that's never going to get the return on it. Or another situation where I
just had someone totally remodel, redo, just all to the nines and everything just got it all
well done. And we in the neighborhood where we were getting a lot of like,
oh, it's overpriced, overpriced, but we finally found the right person. I fell in love with it
and just blew out the price totally. And yeah, got every penny on what they invested.
Sold that bad boy way more than they thought they were going to, right?
Yes. Yeah. Okay. A couple of little things before we wrap up. Number one,
if you need help with any of this, this is what we do. John is absolutely world-class at
guaranteeing that homes sell over the average price and under the average time. That's what
we do at the talk to money home selling team. So you can reach out to us at talk to money team.com,
but don't try to manage all this on your own. I think what we're hopefully pointing out for people
is there are some tried and true things, and there's a bunch of stuff that could really get
you in trouble that, well, that would normally work, but not in your situation, or that actually
never works, but everybody thinks it works, or this is really cheap and has huge impact.
You don't need to spend that much, or on the occasion, that would be totally worth the big
investment because you're going to get a ton of money back. But these are all case by case,
unique situations, part of town, moment in the real estate cycle based on inventory and demand
and all these real estate-y things, right? So just make sure before you make some of these decisions,
you've spoken with somebody who's an expert in your area, in your property type, and that
understands your unique situation and what the buyers in your area are doing right now.
The other thing to think about is tax value, and we did an episode on that I think last week or
a couple of weeks ago, so go check out that other episode. But sometimes you are wanting
greater lifestyle value, you're wanting greater resale value, but you're not wanting higher
property tax value. And so you don't want to be dishonest or unethical, but you want to be careful
about what you do and how you do it in the event that it's going to increase your property tax
burden. And if you have questions about that, reach out to us as well. We'd be happy to help
you with that. And then finally, if you know you want to do some of this work, we have an incredible
list of trusted vendors. We do this show to be a resource to our friends, family, and neighbors in
the DFW area and folks that are thinking about coming to or leaving the DFW area. But if you
ever need those vendors, if you need someone to take a wall out, redo the floors or the countertops,
holler at us, we'd be happy to connect you. And of course, if you're looking for somebody to
come out and assess the price you could get, how quickly you could sell. And for our clients,
we're always not tied to a sale, helping with the lifestyle value piece of just what would
be enjoyable, what's possible, what would be wise for down the road. So we do that for our clients
all the time. You can reach out at Todd's Money Team.com. But hopefully this has been helpful to
as you want to enjoy your home just from a lifestyle perspective more, but you also want to
be in a position that when you're ready to sell or if you had to sell, you can maximize the return
on that investment. If you would like to speak directly with John, just reach out to us. You
can call the office. You can read tons of Google reviews about how incredible he is. Just reach out
and request John and we'll have him connect with you on breaking an all-time record on your home
like he does left and right and all the time. Hey, check out that other episode on tax valuations
and protests and those things. And then subscribe, like, share. Share this with somebody that it can
be helpful for. Leave us a review. Let us know how we can help you with your DFW real estate.
We'll be back on.