best renovations for your money
make your renovation dollars go farther, here's what appraisal experts
say is worth it - and what isn't:
The kitchen is the core of your home's value. Investing in upgrades
to appliances, surfaces, storage, finish and details can give the
whole home a new feel. Take the extra step to create an open floor
plan for maximum return.
Freshen up fixtures, tile and lighting to transform a dingy, dated
bathroom and impress potential buyers. The less they feel they'll
have to do themselves, the more your home is worth.
Hardwood floors are here to stay, with a timeless, versatile look
that can read both luxe and rustic. High-quality laminate achieves
similar results for less money.
Green is the color this season in more ways than one. Upgrading
your home to energy-efficient lighting, insulation, windows and
appliances appeals to buyers' senses of civic duty, and to their
pocketbooks in terms of longterm savings.
Ditch the pool
Swimming pools are great fun - with an enormous price tag, and
maintenance to boot. The best reason to build a pool is your personal
enjoyment; don't bank on it bringing home value returns.
Forget the fancy office
Showcasing your home's flexibility is a smart move, but beware
the permanent conversion with expensive built-ins. Buyer's won't
relish the thought of un-renovating that deluxe office or yoga studio.
Scrap the carpet
Don't bother with upgrading floors if you plan to lay down carpet.
Not only do a dwindling number of buyers want it (remember, hardwood
is all the rage), but you're far less likely to see an appreciation
in home value from new carpeting.
Standalone bathroom addition
An extra bathroom sounds like a great selling point, but beware.
Adding a single bathroom is enormously expensive (you save when
it's part of a larger addition), which you're unlikely to recoup
from increased value.