HGTV Syndrome in Burlington, Vermont Real Estate? Don't let this happen to you!
When is it reasonable to Expect More? Do you believe that you can create a brand new kitchen for under $10,000? Even though I can put in 80+ hour weeks focused on my clients, I still hit the couch and indulge in a "House Hunters" or "Flip or Flop." I laugh away my cares! Fantasy can be fun, can't it?
Let us get to the bottom of the Pinterest and HGTV Phenomenon.
For example, in real life it is common to look at more than three homes for a client to pick one. The one they do pick comes with several contingencies (home inspection, appraisal, securing financing, etc.) It costs more than $8,000 for a kitchen renovation; and there isn’t always a fat profit on a flipped property. That designer turn key home is not the standard for every home, regardless of your budget. Watch these programs with no education and an illness sets in. HGTV Syndrome.
Afflicted with HGTV Syndrome image via Shutterstock.
Symptoms of HGTV Syndrome can vary from person to person; however, some common attributes are listed below:
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Do you consider black and white appliances old? Even if they are brand new?
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Does the word "Formica" make your stomach turn?
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Does that flake of chipped paint on the door trim make your roll your eyes?
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Is your budget for a full kitchen renovation (demolition, new cabinets, travertine flooring, appliances, backsplash, lighting and accessories) around $9500?
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Do you think flipping a house for profit is easy as long as you demand long hours of your contractors and spend time at the designer home center picking out the cheapest recycled Lava Stone countertops?
If you have answered yes to any one of these questions, you need to seek immediate help.
Are you at risk for HGTV Syndrome?
YES! All of you!
Does this really happen? Will a buyer offer $40,000 less than the asking price and justify it with upgrades like the need for a brand new kitchen appliances because they are not stainless steel? They will HAVE to redo all the bathrooms because that tile color is SO 2015. How will they live without the recycled decking and local marble pizza oven with recycled rainforest fair trade pergola and hand carved mahogany dining set? Don't get me started on the three car garage concession! (Not Kidding!)
WARNING! Your agent might have it too!
Is there a cure? The cure can set you free!
No! Not that Cure!
How can you be sure you don’t come down with a case of HGTV Syndrome? Take a preventative, healthy dose of reality by speaking with a us first! Armed with the knowledge and perspective, you to can ward off any hint of home fantasy. We can provide a detailed assessment on what to expect in a certain town, neighborhood, and community. For some properties may be normal to have granite countertops — thus, if the home you are considering does not, then your expectation is justified. In other areas, it may be that popcorn ceilings and older appliances are the norm, and to expect a seller to drop their price so you can upgrade to your own personal taste is not considered reasonable.
See? Piece of cake!