Tuesday, July 22, 2008

Value Building Renovations

If you are looking to remodel or renovate either your kitchen or your bathroom, you are in luck when it comes to adding value to your home. While some remodeling projects add little or no value whatsoever to a home, fixing up a bathroom or kitchen can increase your sale price and can definitely give the best return over other rooms.

If you can only remodel one room, how do you choose? A number of experts will claim that renovating your kitchen will have the highest impact, although adding a second bathroom should almost always be worth the time and money, too.

In this day and age, people want their kitchens to be convenient, up to date and to have a look fitting for guests. The kitchen also tends to be a much more visible area of your home, which makes it a top priority if you use it often. Because a kitchen provides a slightly higher return on investment than a bathroom, it may be wise to begin with a project in the kitchen.

There is no question that a bathroom remodel will also yield a higher return than much of the rest of the house, though. So if you feel that your bathroom is extremely out of date and even looks drab, make it a priority. The standard you use for your decision should always be the best choice for you and your family.

Be careful, however, when choosing renovation projects. Some additions will not only cost you more money, but they can cost you a potential future buyer, as well. An addition that can really detract from the value in many neighborhoods is the swimming pool. You may wonder why anyone would hesitate to buy a home with a swimming pool. But if you have ever owned one, you know that the liability and maintenance involved are more hassle than it's worth. Only put in a pool if it is something you really will use and you know there is a market for homes with pools in your neighborhood.

Take care to avoid making your home so large that it stands out among other homes in the neighborhood, too. Over-renovating can actually lose you just as many good buyers as a home in desperate need of updates. So do some research before you remodel and make sure your home will fit nicely with the standard set by other neighborhood homes.

If you are planning to sell your home soon, many renovations may not be worth either the time or effort that it takes to master a large project. But if you know you will reside in your home for many years, choosing a remodeling project that will make you happy is always the best solution.



Chris Brown is a regular contributor to Home Remodeling, Bathroom Remodeling and Kitchen Remodeling websites. Chris also takes pride in many of his own do-it-yourself projects around his own home.

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1 Comments:

At 4/04/2012 8:29 AM, Blogger chizKorn_Studio said...

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