04 December, 2012

Cost Versus Value for Your Home Remodeling Projects

If you are a homeowner who is thinking about selling your home within the next year, you are probably wondering whether there are any remodeling projects that will provide a good return on your investment.
Optimizing the use of space in a home will not only attract more buyers but also give sellers a good return on their investment.
You must first decide on the size of the project you are willing to tackle. Creating a memorable first impression often can be accomplished through small-scale projects. For example, a nice entry door replacement or a garage door replacement will bring a good return on your investment.

Adding a master suite or a room in the attic is a more extensive project that also offers a good return. Be sure to hire a good architect to help you come up with a functional floor plan.

Having a family room that opens to a kitchen is highly favored by most buyers.  A remodel that opens the kitchen to the family room or even to the formal existing living room is another project with a good return on investment.  Formal living rooms, as well as formal offices with wood cabinets, are not in high demand in today’s market.

Upgrading kitchens and baths is still a smart bet. However, home owners usually will benefit more by foregoing super deluxe projects in favor of mid-range kitchen and bath remodels.

Judicious home remodeling is still worth the investment. Discuss your future remodeling plan with your agent before you start the remodeling project.  Your agent can help you plan a remodel that will bring buyers to your home and increase the return on your investment.

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