Understanding the True Cost of Remodeling on Lake LBJ

Many people don’t realize the true cost of updating a home in today’s economic environment on Lake LBJ. When was the last time you got a bid to paint a house? When was the last time you priced appliances or countertops? Have you recently bid a quality tile job or custom cabinets? Electrical upgrades? HVAC and water heaters? Do you know how much a new steel boat dock will cost you? When you are looking to buy a dated home make sure you understand the true cost of remodeling and factor that in to your buy price. There are a lot of Lake Houses for sale on Lake LBJ that need a lot of work, even some which should be torn down. Many buyers have unrealistic renovation budgets based on previous experiences when prices were lower and pay way too much for what I call obsolete homes. Today things just cost more.

Savvy buyers are wise to go after what I call “next level homes” which are newer, more efficient ones, built to current standards with modern technologies even if they are significantly more expensive than the cheaper ones that appear as “good deals”. It’s also okay to buy these older homes on Lake LBJ so long as you accurately budget for the true cost of updating, and buy the home at a price that can support such updates. Sometimes buying a lot on Lake LBJ and building a new home is the smart move to get exactly what you want, built to today’s standards on the water you like. Also understanding the actual land value of a given property on Lake LBJ as it relates to the total value (which is land + improvements) is very important. An experienced professional on Lake LBJ can help you weigh the pros and cons and save you from a bad move.

If you have ever considered buying Lake LBJ Real Estate I highly encourage you to reach out.  I have vast experience working the lake and would love the opportunity to share my expertise with you.  What do you have to lose?