Remodeling That Pays Off—And Does Not Pay Off!

5 Remodels That Make Good Resale Value Sense….and 5 that do not!
Another great article from Houzz outlining five remodels that typically make good financial sense, providing a nice return on the investment at the time of resale.
1. Kitchens. Updating a tired old kitchen is one of the wisest methods, and a tried and true one, of increasing the value of your home.
2. Adding living space. A straightforward addition of a new living room space is typically a very good investment.
3. Curb appeal. You have heard not to judge a book by its cover, but smart money recognizes the cover’s value. Your front elevation is more than just a first impression. It’s the only impression available to just about all of your home’s potential buyers.
4. Master suites. Sorry, kids. Home buying decisions are in the hands of adults, and adults care about the environment where they sleep. Updating a master bedroom or remodeling and adding a new master suite is money well spent.
5. Bathrooms. Home buyers notice bathrooms, and although all the bathrooms are important, a priority should be placed on the powder room and master bath, followed by a guest bathroom and any other secondary baths.

And the five remodels that typically do not make a good resale value are:
1. Kids's spaces
2. Pools
3. Wine Rooms
4. Removing features (fireplace)
5. Very minor additions.

Posted on November 9, 2015 at 9:50 pm
Peggy Reaume | Category: Uncategorized

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