Charlotte Real Estate & More

head_left_image

HGTV, a 4-Letter Word

HGTV, a 4-Letter Word

 

Not only a 4-letter initialism (Home & Garden Television) but, in many real estate agents’ opinion, it’s a 4-letter word!

 

In a recent news exposé, several of the reasons we, as agents, have issues with HGTV were touched upon.  Here are some of the key reasons we consider HGTV a four-letter word to us!

 

  1. #CharlotteHomeRenovationWAIT! Knocking down walls is NOT that easy. It is, however, easy to say, “Tear down those walls” but, in reality, we are NOT structural engineers and don’t have a clue as to whether or not the wall in question is load-bearing or not. It costs several hundred dollars just to have a structural engineer to consult.

  2. Negotiations don’t typically take place in coffee shops! Yeah, no! This is NOT how they go down! In fact, there is a lot of phone tag that is played throughout the negotiation process OR negotiations are even sometimes done via text or email - never in the coffee shop!

  3. Buyers don’t negotiate at the coffee shop and then Close on the house AND have the renovations all completed to turn-key status in 48 hours - heck, the Title search takes longer than that!

  4. Hold onto your wallet! - Most people don’t have the funds to spend willy-nilly on a second home, renovating it while they live in another home. The rare few may but, the vast majority of the population does not have that financial capability, let alone the funds to spend on major overhauls. According to HGTV, a kitchen renovation that looks positively spectacular - the best dream kitchen you can muster up in your mind - is only $5,000! In the real world, granite for an entire kitchen will run you more then $5K!

  5. Oh, those nagging permits! Reflecting upon the last issue, time in #4, permits can take as long as 14 days in our municipality - and we think we move pretty quickly in our permitting department. And, don’t even THINK about beginning work without one. Doing so could necessitate you ripping out walls and the work done in not on record when you sell your home. Just bite the bullet and obtain those permits NOW.

  6. #CharlotteHomeRenovationOh, the drama! A good real estate agent protects their clients from any and all drama. On the rare occasion that a client is pulled into situations, it is legally unavoidable. Otherwise, the HGTV drama is so over-the-top and SO not how I would want to work if I were a consumer. Our services are called white glove for many reasons and keeping our clients out of situations and focused on their big move is one of them.

  7. Just because it looks cool, doesn’t mean the ROI is worth the renovation. As a Charlotte home buyer, you simply must listen to your experienced agent when it comes to your return on investment (ROI). If the entire home needs an overhaul, you will NOT get every dime back that you put into it (and then some, according to HGTV). The same goes for Charlotte home sellers - updating some things in your home is just not worth it. The high ROI items often fluctuate based upon the local buyers’ preferences so, what was a high ROI 5 years ago, may very well not be one today. Seek advice from your Charlotte real estate agent - he/she is FAR more informed than anyone on a national TV show!

  8. Last, but certainly NOT least - Lowball Offers are NOT in vogue in a sellers market - under any circumstances! I just sold a fixer-upper to a buyer, intentionally looking for a home that they could make their own and they absolutely did not want new construction. They paid 25% above list price to win the bidding war - yes, you read that right, 25% above list. I also had the same experience with a small ranch home recently as the listing agent…same thing, 25% above list price and we had 27 Offers on the property. MOST of them were over but, there were some HGTV watchers who lost out again…offering below list price.  

#CharlotteHomeRenovation
Real estate is local and you really must consider the source when watching these TV renovation shows.
Yes, they may have some great ideas and some amazing outcomes but, in our area, are those renovations worth it? What is it going to take to do those renovations? How long is it really going to take to get through just the planning process, much less actually having the renovations completed? Will there be drama involved and will I see a return on my investment (ROI)? These are questions for your local Charlotte real estate agent…not someone on TV!

 


 

 

These are just a few of the reasons that we feel that HGTV is a 4-letter word! Disillusion is one word that encompasses all of the reasons. See your local real estate agent for the ‘real scoop’ when it comes to home renovations.

#CharlotteHomeRenovation    #HGTVorReality 

© Debe Maxwell | The Maxwell House Group | CharlotteBroker@icloud.com | HGTV, a 4-Letter Word

 

     

Charlotte Real Estate Team - The Maxwell House Group

 

  Charlotte NC Homes for Sale

 (THE best Charlotte home search available - no kidding!)

Charlotte NC Real Estate Agents 

 

Charlotte CRS Agent


Debe Maxwell, Realtor®/Broker/CRS

RE/MAX Executive

CharlotteBroker@icloud.com
Direct:  (704) 491-3310

 

               Search Charlotte Neighborhoods      Search Charlotte Homes for Sale       Relocate to Charlotte NC

                               Things to do in Charlotte NC     Charlotte Real Estate Information

          

Charlotte Real Estate on Pinterest  FacebookFollow me on TwitterYou Tube  Connect with me on LinkedInSubscribe to my RSS feedCharlotte Real Estate on Pinterest

subscribe to my Active Rain BlogEmail meSearch Charlotte NC MLS

Follow me on Google+

Disclosure of material contained within

Get Charlotte's Best Home Search App
Download Charlotte's hottest new app for up-to-the-minute listings and the most accurate neighborhood information available on the web!

DOWNLOAD CHARLOTTE PROPERTIES AT THE APP STORE

GET THE CHARLOTTE PROPERTIES APP AT GOOGLE PLAY
Comment balloon 58 commentsDebe Maxwell, CRS • July 21 2018 07:59PM
HGTV, a 4-Letter Word
share
HGTV, a 4-Letter Word Not only a 4-letter initialism (Home & Garden Television) but, in many real estate agents’ opinion, it’s a 4-letter word! In a recent news exposé, several of the reasons we, as agents, have issues with HGTV were touched… more
Another Weddington Luxury Home SOLD!
share
Another Weddington Luxury Home SOLD! This referral has quite the story behind the clients who referred me these delightful Charlotte home buyers! Having sold to the relocation couple when they moved to Charlotte several years ago, my husband and I… more
Finding, Prepping and Presenting an Airbnb - With Style
share
Finding, Prepping and Presenting an Airbnb - With Style The Find The secret to finding a great spot for a home to use as an Airbnb is finding a community that has no regulatory HOA. Some, although they may currently approve use of homes/condos… more
JUST LISTED! Steele Creek RANCH Home in Popular Creekshire Estates
share
JUST LISTED! Steele Creek RANCH Home in Popular Creekshire Estates Tired of Stairs? Well, this house is the perfect solution for you! Ideally situated in Steele Creek ’s highly sought-after Creekshire Estates community this finely appointed home… more
Another One Bites the Dust in McKee Woods
share
Another One Bites the Dust in McKee Woods A wonderful family, referred to me by dear friends (former neighbors of mine here in Charlotte), has found their dream home! After a bit of sadness, leaving their beloved home in Tennessee, where both of… more
The Charlotte Home Buyer's Guide has been Published - SUMMER 2018
share
The Charlotte Home Buyer's Guide has been Published - SUMMER 2018 It's that time of the year! KCM (Keeping Current Matters) has published the annual Summer Home Buyer's Guide - a brochure chock-full of articles related to the home-buying process… more
A Resale Home does not 'Fail' an Inspection
share
A Resale Home does not 'Fail' an Inspection I recently procured a new buyer who had already been under Contract with another agent and gone under Contract on a home that they also had appraised and inspected. The appraisal was fine but, the… more
How Much Does it Cost to Build a House?
share
Peter Mark has compiled THE most informative post on new construction you will find online! This information applies to Charlotte as well and despite the cost of new construction in different areas, the principles remain the same nationwide. … more
Being Our Clients' Advocate Means Empowering Them Too
share
Being Our Clients' Advocate Means Empowering Them Too I recently had a wonderful young couple who have two small children who had moved to Charlotte for a new job and did not know the area at all. They wound up with a real estate agent who placed… more
Another Happy Ending in Waxhaw!
share
Another Happy Ending in Waxhaw! A family, referred to me in January, had very specific but, increasingly common home-buying needs. They needed to find a large home for their larger (and still growing) family as well as one that included plenty of… more