So You Think Your Remodel Is Big

Dated: 06/28/2016

Views: 162

Remodeling. The word that strikes fear, AND excitement in the hearts of many homeowners. As thrilling and endeared as the thoughts of beautiful new updates and property value addition is, the process for most of us can be overwhelming and daunting. Even a single room remodel can be 'big' and seem to grow as it progresses, but how would you feel about taking on the expansive remodel on the famous Waldorf Astoria Hotel? Oh yes friends, it would be BIG.

The Wall Street Journal reports this week that the Chinese acquirer, Anbang Insurance Group Co., of the Waldorf Astoria is finalizing plans for an extensive overhaul that would shut the landmark New York hotel for up to three years and convert as many as three-quarters of its rooms into private apartments. (Could you live without your kitchen for THREE YEARS?) And, price tag? A whopping $1 billion+ in addition to the purchase price of $1.95 billion. 

Once the hotel renovations are complete, the hotel will offer between 300 and 500 updated luxury guest rooms, compared to approximately 1100 current rooms. The remaining units are planned to be sold as condominiums once the project is complete. 
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While you may not have the cool billion to invest in renovating your home, you will definitely want to get the most bang for your buck. Do you know where to spend the most money in your home to maximize resale value?  We would love opportunity to sit down and talk with you about where best you can invest in your home, and what will bring the greatest return on renovation dollars.  Click here: Johnson City Homes or call us anytime at (423) 433-6517, or stop by our office inside Keller Williams Realty, 1033 Hamilton Place, Johnson City! We'll help you get those reno dollars working for YOU.



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Rayne Price

Holding a BS in Environmental Science, and MA in Education, real estate was not Shields Team Buyer Specialist Rayne Price's first career choice. It was only after encouragement from his wife and a cl....

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