San Diego Homeowners Increase Property Value with Pacific Restoration General Contractor Services
Remodeling Magazine's '11-'12 Cost vs. Value Report estimates that home improvements yield an average 25% return on investment
San Diego, CA (PRWEB) October 25, 2012
Remodeling Magazine's current estimates indicate that home improvements are a worthwhile investment in improving the overall value of a home. These improvements should be performed by a professional contractor; Pacific Restoration, a San Diego general contractor, helps area homeowners and business owners increase property values in a rapidly changing market.
The average listing price of a San Diego home rose to $578,000 in 2012, an increase of about 8 percent of the average listing price in 2011. Many of California's recent home sales are on the lower end of the market, which indicates a slow but steady recovery of Southern California real estate prices.
"The housing market is starting to recover," said a representative of Pacific Restoration. "From a property value standpoint, there's no better time to make essential improvements and repairs."
Most San Diego-area real estate agents agree that necessary repairs will cost twice a San Diego general contractor's estimate after a buyer makes an offer on a property. In other words, a plumbing repair valued at $4,000 could easily cost a homeowner $8,000 during sales negotiations. By taking care of repairs early, homeowners gain an upper hand when they start receiving offers.
"Many of our clients aren't planning on selling their homes for a year or two, but we still recommend taking care of those nagging repairs," said the representative. "Most plumbing, roofing and electrical problems will only get worse with time, and completing them early keeps a home's value from slipping."
Pacific Restoration also recommends remodeling for homes and businesses that have remained on the market for an extended period of time. Both commercial and residential buyers see a long sales period as a sign of an undesirable property, but home improvements from a reputable San Diego general contractor can prevent value from dropping too significantly after spending some time on the market.
"We can improve a home's kitchen, bathroom or living room without overextending the homeowner's sales budget, and a few minor renovations can effectively reset a home's value from a sales perspective," said the Pacific Restoration representative. "Buyers see renovated homes as valuable, and real estate agents are more likely to show newly renovated properties."
When looking for a general contractor, San Diego residents should ask about license classifications. Reputable general contractors can offer references from their clients and will always provide a detailed estimate before starting any work.
"Contractors need to pay close attention to detail in order to follow San Diego's building regulations. Experience is undeniably important," said the Pacific Restoration representative. "By working with a qualified general contractor, San Diego property owners can add a tremendous amount of value to their homes or businesses at a reasonable cost. We're proud to offer environmentally friendly services with high-quality workmanship and materials."
Pacific Restoration is a San Diego-based general contractor providing mold remediation, home remodeling, business building improvement and other services to the San Diego-North County San Diego metropolitan area. Homeowners and business owners can contact the company at (760) 632-7800 to schedule a consultation.
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