Realtor View: Increase home value with smart remodeling choices
Some remodeling choices may add value to homes. Others could actually subtract value. And some choices, such as a built-in aquarium, may make a property extremely challenging to sell.
Most remodeling projects cost more than the amount your home’s value will increase, so you shouldn’t assume that you’ll recoup every cent you spend on a home-improvement project. However, some types of projects come closer to paying for themselves when you sell.
When putting your home on the market, it may make sense to undertake a project to make the house more attractive to buyers. Even in the hot sellers’ market we are experiencing, updated homes listed for sale tend to take less time to sell and bring in more money to the seller.
When you’re living in a home and will be for some time, the best reason to remodel is to get more pleasure and functionality from your home. While you’re at it, making wise choices can pay off in the long run. Here are some of the best ways to get the most value from your projects:
Homeowners use kitchens to entertain. After all, the kitchen is the heart of the home — the place people like to gather. So it’s no surprise that upgraded kitchens can be a great remodeling project.
Solid surface counters in granite, marble, Corian or Silestone are hot, as are professional-quality appliances. Stoves with more than four burners and cabinets in maple, cherry and birch make even the most jaded home buyer swoon.
Bathrooms have become private havens, and more people are adding luxury master baths...