Many homeowners have the thought in their head that they are going to live in their homes forever. You have found the perfect neighborhood, have the best neighbors, and love your home. The home is paid for, and you want to make some changes that will go along with the modern homes you see being built now. When wanting to complete a home remodel, you want to make sure you are not putting more into your home that it is worth.
One of the first things you want to do, depending on the remodel, is look at what homes in your area are selling for with the same remodels that you want to complete on your home. As a homeowner, you always want to complete a remodel or improvement that will increase the resale value of your home. Just because you see something as an improvement doesn’t mean a potential buyer will feel the same way.
Some improvements that will help you to achieve getting the most for your money are bathroom remodels, kitchen remodels, garages, and room additions. All of these remodels change your home in one or two ways. They either update your home to be more modern or add square footage to your home to make more living space.
- Bathroom Remodel– If you have a tub, you may want to change to a walk-in shower to be more convenient for an older or younger home buyer. You also want to keep it simple and chic so that it is not too personalized and over the top.
- Kitchen Remodel- Kitchen remodeling projects can become very expensive and fast. You don’t want to do a $30k remodel on a $100k job. Cabinets and countertops can drive the cost up on this type of remodel fast, but you can purchase materials that will have your home nice and modern. Just updating can get you the most for the money and have your return on investment worthwhile.
- Garages – A garage adds square footage and storage space to your home. Most home buyers now look for homes with garages to keep their vehicles out of the elements and to have that place for their toys if they are into motorcycles, outdoor vehicles and more.
- Room Additions – An addition can increase your return on investment due to increasing your home’s square footage and providing you with the space that will make you not want to sell your home. Room additions are also appealing to home buyers who may be moving an elderly parent into the home or thinking of upgrading due to an increase in family size.
There are a number of remodels that, although they may be perfect for you, do not do well on investment return. These are remodels and improvements that you may want to stay away from if you plan on selling down the road.
