Wednesday, January 19, 2022 / by Tara Turner
Before you start an expensive or costly home remodeling project, you should consider what effect, if any, it will have on the resale value of your home. Compare your home to others in your neighborhood. If you are over improving compared to the homes around you, it is highly doubtful you'll recoup your investment.
Kitchen and bath renovations are generally the most expensive, but they may not be the best way to add value to your home if you're planning to sell in the near future.
Renovations that give you the best return on investment are replacing an entry door, adding a wood deck or an attic bedroom, replacing a garage door or minor kitchen or bathroom remodeling. Renovations that give the least return of your investment are remodeling a home office, adding a sunroom, adding a backup power generator, or adding a master suite.
Before finalizing any remodeling decision, consult with a Realtor familiar with real estate values in your neighborhood to get a second opinion about whether the project you are considering would be a sound investment.
If you have any questions relating to buying or selling a home, please give us a call at 909-255-1070. Mitchell Stein License# 0208163