Wednesday, March 12, 2014

Thinking of Buying an Older Home in Keller, Southlake, or Grapevine Texas?

Thinking of Buying an Older Home in Keller, Southlake, or Grapevine Texas?

Home in Keller, built in 1974
In today's real estate market, the availability of  resale homes continues to be limited.  Buyers are stretching their parameters and looking at older homes as possibilities.  In our area of Northeast Tarrant County,  the term "older" usually refers to homes built in the 1960s and 1970s.  There are some homes from the 1940s and 1950s, but they represent only a fraction of the market.

While updating an older home can often be expensive and challenging, the process can also be rewarding, both financially and personally.
  • Older homes were often designed with choppy floor plans.  In most updates, the owner removes at least one wall to create a more open design.  Additionally, this dramatic update can prove to be relatively inexpensive.
  • Removing a wall to open the kitchen to a living area produces the greatest impact on lifestyle and desirability.
  • Often the least expensive change involves replacing dated light and plumbing fixtures with more current ones and painting cabinets with dated finishes.
  • A more expensive change--adding or expanding windows--creates more light and feeling of space. Not only does adding, expanding, or replacing windows  show up cosmetically, this step usually improves energy efficiency dramatically.
  • Look at expanding bathrooms and creating en suite baths.  This change is probably the most cost prohibitive, but pays off in quality of life and in resale value.  One relatively inexpensive change in bathrooms involves replacing wall mirrors with those of an individual furniture type and replacing dated plumbing fixtures.
  • While energy efficiency improvements may not be apparent cosmetically, they can add to an older home's appeal as they reduce the cost to operate.  Adding insulation won't show up visually, but this change can make an older home more comfortable and reduce expenses.
When evaluating changes to your home, contact the Grove Team for an educated opinion on possible updates and how they will affect your property value.

Whether it's selling your home or finding a new one, we have designed this site so that you can quickly and easily locate the information you are looking for. The Grove Team's client-centered approach results in the best possible outcome for you. Please contact us now to begin the process of achieving your dreams in home ownership.

Office (817) 337-0000
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