Once again,Washington DC was featured on the HGTV hit show "My house is worth what?". This time The house was in Mt.Pleasant Washington DC. This is the second time in like two weeks Washington DC Real Estate was featured on the HGTV show.
Now to some of you who don't watch the show. "My house is worth what?" is a show on HGTV when a real estate expert will come to the house of a homeowner and critique their house. They will give tell them some of the things that they did will improve the value of their house and some of the things that might or wont bring you a lot of money on your return on investment. The home owners always want the advice of a real estate expert because they either are looking to sell and move up to a bigger house,they want to expand onto their existing house,want to know if the improvements that they made to their house was a good choice or just curious of what the real estate market is in their neighborhood.
For today's show was in Mt. Pleasant Washington DC. A young couple who brought their historic Mt.Pleasant townhouse in 2006 for $560,000 right at the peak of the Real Estate Market. They invested $90,000 into renovations of their home and their goal was for their house to be worth at least $675,000 so that can have enough to buy a single family home.
The real estate expert told them that they made some nice renovations to the house. They spent $15,000 on the kitchen and it has a sleek design. But the kitchen is small. It is also small on square footage. They spent $15,000 on the den and $7,000 on the patio. But the patio lacks privacy and the real estate expert told them that they need to get a large shrub. And the house has a different architecture from the other houses in the neighborhood.
So after the real estate expert crunched up the numbers,he told them that if was to list their house today,he will list it for $585,000. So the value of their house appreciated by $25,000. Their goal was $675,000 considering they put $90,000 into renovating their historic townhouse. But when the real estate market gets better (hopefully very,very soon),the young couple will more than likely be able to sell their house at a price that they will be comfortable with.
Also please read my last blog on "Washington DC Real Estate" home featured on HGTV Show "My house is worth what?" WASHINGTON DC NE REAL ESTATE HOME FEATURED ON HGTV SHOW "My house is worth what?"
To receive your free list of "houses for sale in Washington DC",please visit my website Houses for sale in Washington,DC. I can be reached at (202) 378-0283 (Direct) and (301) 560-6700 x1154 (Office). I can also be reached online at Lanre Folayan "Buy Washington DC Real Estate" (EXIT PREMIER REALTY ... and Washington DC,Maryland and Virginia Houses for Sale. Thank you very much. Looking forward to working with you and helping you make your home purchase or sale a stress free and very happy one. Have a great day. Lanre Folayan-Real Estate Professional with Exit Premier Realty. "Buy a home in Washington DC"
Lanre Folayan-"The Real Estate Farmer"with Exit Advance Realty- Serving P.G County Maryland,Baltimore County,Montgomery County,Charles County MD,St.Mary's County MD and DC Home buyers and sellers.
Lanre Folayan-"The Real Estate Farmer"
Exit Advance Realty
Real Estate Agent - Residential
8500 Westphalia Rd
Upper Marlboro,MD 20774
(202) 378-0283 (Direct)
(301) 518-3948 (Office)
PG County MD,Charles County MD,St.Mary's County MD,Baltimore County MD and DC Pre-Foreclosured Properties,Bank Owned Properties and Estate Sales.
Lanre- I saw that episode it's a very good show and I think they do a decent job of setting realistic expecatations unlike some other show's i've seen. It's great local publicity for your Mt. Pleasant Washington DC. community. You are the Washington D.C. real estate expert!
Greg- Thank you very much Greg. If I have a referral who is looking to buy in Green Bay Wisconsin,I am definitely going to refer them to you. Have a great day.
I love HGTV. It's such a relief from all the bad news and poor programming on network TV. Thanks for this recap, since I missed this show.
HGTV just filmed my broker, Brandon Green, for a future episode of "My House Is Worth What?" He said it was a great experience.
Hi Lanre,
Ouch! But that is today's reality! I agree with Margaret, I can take only so much of the "news".
Margaret- We need a relief from all the bad news and poor programming on Network TV. Thanks for your comment Margaret.
Ken-Really? Congratulations! What is your broker's name so that I can be on the look-out for that episode.
Cynthia-That is the same thing that I said. Honestly speaking,I don't watch that much news anymore. Thanks for your comments.
Lanre - I did not see the show however I suppose this younger couple was disappointed that their house had not appreciated more. Since they purchased at the peak I suppose they should be thankfully the current market value wasn't less than what they paid. Unfortunately it looks like they will have to hold off on selling for a while.
Jennifer-Exactly. There are definitely going to have to hold off on selling. But who knows what's going to happen to the Real Estate Market. Thanks for your comments Jennifer.