Women of Westchester Working Together, Women helping Women get ahead (Women of Westchester Working Together)

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Rainmaker
580,681
Hella M. Rothwell, Broker/Realtor®
Carmel by the Sea, CA
Rothwell Realty Inc. CA#01968433 Carmel-by-the-Sea

First, since they plan to be there for 10 more years, they should do whatever will make it a better home for them to live in. By that time, who knows what the market will be like? Or what buyers will be looking for?

Mar 07, 2016 06:39 AM
Ambassador
2,069,197
Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
Florida Waterfront and Country Club Living

Asking the question another way... why should the owners live in a house that doesn't suit their life style for the next ten years whe they could make some changes and enjoy it according to their needs and preferences?

Mar 07, 2016 09:10 AM
Rainmaker
887,633
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

How rare are 4 bedroom homes in the area?
That's a tough Q since 10 years is a long time . . . let's change the Q to:
"What would make the OWNERS happy TODAY?"
I know . . . we are always thinking resale . . . but in 10 years we may all be living on Mars. :D

Mar 07, 2016 06:53 AM
Rainer
230,924
Mike Rock
Complete Design - Granite Bay, CA
Granite Bay Luxury New Construction...For Less

likely a wash. lose a bedrm gain a dining and make it more open... but selling in ten years from now...we may be back to small closed off rooms..rather than opem....heck who thought donald trump would be the countrys taste??

Mar 07, 2016 06:22 AM
Rainmaker
1,385,024
Wayne Zuhl
Remax First Realty II - Cranford, NJ
The Last Name You'll Ever Need in Real Estate

It's impossible to predict what a so-far undisclosed buyer will want. I'd look to see if there's a tax effect on losing a bedroom.

Mar 07, 2016 07:46 AM
Rainmaker
1,380,283
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

My thoughts: it would make the house harder to sell.  Out here 4 BR homes go quicker and for more money than 3 BR homes.  I also don't see dining rooms being used much.  Me, I turned mine into a pub!

Mar 07, 2016 07:36 AM
Rainmaker
439,515
Buzz Mackintosh
Mackintosh REALTORS - Frederick, MD
“Experience, reliable, leadership”

If they are not selling for 10 years ; this is a quality of life question. They should do what ever makes them happy!

Mar 07, 2016 07:30 AM
Rainmaker
597,069
David Gibson CNE, 719-304-4684 ~ Colorado Springs Relocation
Colorado Real Estate Advisers LLC - Colorado Springs, CO
Relocation, Luxury & Lifestyle residential

At best a wash. I'm with Jeff Dowler CRS and Hella M. Rothwell, Broker/Realtor®

Mar 07, 2016 07:15 AM
Ambassador
4,557,465
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

It's too hard to project where things might be in 10 years. Perhaps the trend toward open floor plans will be different?  Given the time frame, and what is not an unreasonable remodel, I would go with what you want to make it more functional and not worry about 10 years from now

Mar 07, 2016 07:08 AM
Ambassador
2,224,117
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

I think it will be neutral for them. They will still have a three bedroom home, but gain a dining room. If they are going to live there for at least another two years, they should do what they want for now. 

Mar 07, 2016 07:08 AM
Rainmaker
1,715,027
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

I'm going with Hella M. Rothwell, Broker/Realtor® .  10 years is a long time and if the changes will make the home more enjoyable and liveable for them in the meantime, then I say"go for it". The upgrades will most likely broaden the market appeal when the time comes and appreciation will probably cover any costs incurred, so I certainly don't think it's going to be a negative in any way.   

Mar 07, 2016 07:00 AM
Rainmaker
290,569
Allie Angeloni
Long Realty - Oro Valley, AZ

If they are looking to sell '10 Years from Now", I do not have a clue as to what Buyers in that decade will crave, and what will be in vogue, at that time Women of Westchester Working Together.  I would do what they know they will enjoy, can use, and have a personal benefit from now, today. 

Mar 07, 2016 06:59 AM
Rainmaker
1,873,665
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

I'm going with it being a wash as well Debbie. I am very curious about the flood however having been through a very bad one. I may have other recommendations depending upon the flood conditions.

Mar 07, 2016 06:34 AM
Rainmaker
4,799,481
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

If done correctly, I would think an open plan would increase the value.

Mar 07, 2016 06:27 AM
Ambassador
5,357,189
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

If they are not moving for a decade, I would suggest doing what will make them happy during their time there and not worry about a future sale.

Mar 07, 2016 07:57 PM
Rainmaker
1,514,105
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

I'm a fan of open plans and large windows, since buyers love them. Also, since they are going to live there for so many years, I'm sure it is not the first and last modification to the house.

The only reminding to anyone who wants to modify their home: make sure you have a permit for all modifications and additions.

Mar 07, 2016 05:45 PM
Rainmaker
2,435,786
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Debbie. You had me at 10 years, that would me that any and all renovations should be focused on why is best for the client's lifestyle, not the future sales price.

Mar 07, 2016 04:35 PM
Rainmaker
634,272
Kathleen Luiten
Resort and Second-Home Specialist - Princeville, HI
Kauai Luxury Ocean Home Sales

I agree with Hella M. Rothwell, Broker/Realtor® and would add that likely the wife's idea is a good one for value as well as personal enjoyment.

Mar 07, 2016 04:06 PM
Rainer
471,173
DEANNA C. SMITH CERTIFIED MOBILE NOTARY
Certified Mobile Notary Signing Agent - Smith Mountain Lake, VA
Highest Ranked Certified Mobile Notary in Virginia

I don't have a crystal ball to tell you what the market will be in ten years or what their life situation will be by then.   If they have the funds ( from insurance ) to do upgrades NOW, to fit their lifestyle NOW, with their family makeup NOW and their employment, school and job situation NOW;

I'd make the renovations, . . . . . you guessed it; . . . . . NOW ! 

Mar 07, 2016 01:22 PM
Rainer
97,766
Carol Wilson
Your $imple Home - Toronto, ON

Before they go very far with this question, Women of Westchester Working Together , some investigation needs to be done into whether the wall(s) they want to remove are load-bearing walls.  If they are, only portions can be removed without risking structural slow damage to the second floor, sagging floors, etc.  (That negative impact on re-sale value will be bigger than any gain they make by getting a dining room.)  After that, my vote goes with making changes to be happy in the house for the next decade...because if I am seriously going to forego a change I want in order to have better re-sale value in ten years...then why don't I sell the house now for the better price (hint: use a home stager!) and go find a new home with a better layout?  Then I get the best of both!  :  )

Mar 07, 2016 01:01 PM
Ambassador
2,563,831
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

10 years is a long time.  Whatever they plan to do, hire an architect, use a licensed contractor.

Mar 07, 2016 12:01 PM
Ambassador
3,722,438
Patricia Kennedy
RLAH Real Estate - Washington, DC
Home in the Capital

Debbie, I wondering whether in 10 years' time the open floor plan will be a faded fad.  But if they want it to make the house more what they want, they should go for it.

Mar 07, 2016 11:13 AM
Ambassador
3,986,660
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

I would say if they want more open space then take out the wall. 10 years is a long time and in the meantime they need to enjoy their home to the fullest.

Mar 07, 2016 10:02 AM
Rainer
222,865
Bob Betel
Allstar Home Mortgage, Inc. - Sweetwater, TN
President, Allstar Home Mortgage, Inc

These days, an open floorplan is the hot thing. Loosing a bedroom should not make much difference. Opening it up, adding a dining room and upgrading the kitchen will more than offset the loss of a 4th bedroom. However, 10 years from now, who knows what people want. Do the changes and enjoy the home, but be smart on how you change it.

Mar 07, 2016 09:23 AM
Rainmaker
1,635,442
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Lend Smart Mortgage, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

We do not propose to be related to Merlin and don't have a crystal ball. There are way too many variables to project the correct answer.

Mar 07, 2016 10:18 PM
Rainmaker
4,433,583
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

It will depend onthe market 10 years from now but open floor plans are always good.

Mar 07, 2016 09:59 PM
Rainmaker
6,540,549
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Home sellers may not recover the cost of extensive home impovements. Stick with the basics.

Mar 07, 2016 09:54 PM
Rainmaker
4,059,091
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hi Debbie -  factors I see:

Ten years is a long time, they should do whatever they want.

The bedroom that is behind the kitchen sounds like a guest(or maid's) room in my market and although it's technically the fourth bedroom --- it doesn't have the same value as a "true" four bedroom.   

Your suggestion of speaking with a local agent is a good one.

This sounds like a major undertaking.   

Mar 07, 2016 09:49 PM
Rainmaker
3,321,246
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

Not selling for 10 years i would say make the home the way they want to live in it. For any sort of future value, a 1 br home is worth far less than a 2br home any day of the week

Mar 07, 2016 08:59 PM
Rainmaker
4,156,948
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Ten years! Do what is going to make you feel good about living there!

Mar 07, 2016 08:52 PM
Rainmaker
3,069,934
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

parked and reading

Mar 07, 2016 08:39 PM
Ambassador
2,759,387
TeamCHI - Complete Home Inspections, Inc.
Complete Home Inspections, Inc. - Brentwood, TN
Home Inspectons - Nashville, TN area - 615.661.029

 Huh? Sorry, my eyes glazed over trying to read the fine print.

Mar 07, 2016 06:03 PM