Get the Most Out of Your Home Improvement

Home TheaterThinking about putting in that pool? Or how about a pond with a waterfall?  Or how about adding a brand new home theater equipped with leveled seating and sofas? Think these things will help you resale your house or earn their money back?

Unfortunately they don’t.

Most homeowners believe that any addition or modification or major feature is going to help improve their ability to sell their house, or at least make the money back that they put in to it.

This is not the case with all remodels and additions.  If you are planning on selling your home in the future do not go over and beyond what is necessary to help resell your home.  Otherwise you are just wasting money on someone else’s place.

Here are some tips to help you get the most out of your remodels, additions and upgrades.

  • Bedrooms – If you notice you will see the number of bedrooms listed on every single real estate flier, usually as one of the first bullet points.  This is because homes with more bedrooms have a higher perceived value.  Remember a bedroom needs a window and closet to “officially” be considered a bedroom, but that is for legal and official reasons.  Homeowners make not care if there is a closet.
  • Bathrooms – Bathrooms are important especially if you have the ability to ad a full or even a half bath.  Do not overdo it though.  You do not need to spend a boat load of money making your bathrooms nice for future buyers.
  • Inexpensive Exterior Jobs - Jobs like painting, fixing siding, gutters, exterior doors, re staining the deck and minor landscaping jobs are all hugely important.  All of these minor upgrades can be inexpensive but are hugely important because the exterior is the “first impression” of the house.  When a prospective buyer pulls in the drive way they are already starting to make judgments and form opinions.  You want those first opinions to be good.

Here is a quick personal tip for you. – Even if you do not plan on selling the home for a few years do some of the improvements now so you can enjoy them before you have to sell.

A few remodels that do not return their money like you think they might.

  • Cabinets – Unless they are in real bad shape new cabinets usually do not get a full return on their money.
  • Counter tops – Upgrading those counter tops to granite is going to cost you a pretty penny, but not affect the ability to sell your home enough to make it worth the investment.
  • Entertainment Centers and Home Theaters – Although these are fun additions they are far to high a price tag to pay to recoup the value.  And besides most families would rather have anther bedroom than an extra room dedicated to a TV.  We have the living room for that, right?

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