Posted in Industry News
5 Remodels That Make Good Resale Value Sense — and 5 That Don’t
Whether you are remodeling a house for the present or looking for ways to make the home more appealing to future buyers, always consider resale ROI of the remodel. Here are the top 5 and not-so-top 5 from Houzz.
Five Remodels with GOOD Resale
- Kitchen: Seek a balance between design aesthetics and return on investment.
- Adding living space: Make sure the additional square footage increases the home’s value over the cost of the investment.
- Curb appeal: From lawn care and landscaping to repainting and remodels, always put your best foot forward with potential homebuyers.
- Master suites: Updating this room will directly connect with potential homebuyers more than other bedroom upgrades will.
- Bathrooms: Prioritize master bath and powder room; secondary bathrooms and guest baths should be lower priority.
Five Remodels with POOR Resale Value
- Kids’ spaces: Don’t assume a buyer’s kids have the same interests as yours…or that the buyer has kids.
- Pools: While enjoyable, it is unlikely to pay for itself.
- Wine rooms: This represents a niche market and potential buyers may have different taste.
- Removing features: Don’t need that fireplace in the basement? Don’t assume the next owner appreciates the money you invested to remove it.
- Minor additions: Bumping out a wall to increase the square footage nominally can make the room more comfortable, but the overall expense won’t increase the home’s value too much.
Read more about each remodeling investment here.
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