Patricia Paul Properties

To Improve, Or Not To Improve? PDF Print E-mail
Tuesday, 27 May 2008 20:00

Many homeowners are considering making improvements to their homes, but want to make sure they don't waste money on items that won't hold their resale value. 

If you do want to improve your home, and you'd like to recoup much of the costs involved, consider these improvements first:

Update your kitchen

You can make as big an investment as you care to.  You can start small with new cabinet hardware and some fresh paint.  Both of these represent a small investment, but make a big change in the overall look of the room. 

Staining, painting or replacing cabinets can also pay off.   New countertops will probably catch a buyer's eye.  There's a wide range from laminates to granites and bamboo.   It all depends upon your tastes and budget.

You can expect to recoup around 75% of what you spend on your kitchen remodel job.

Add Or Remodel A Bathroom

This is the second most popular remodel job, and it generally pays off.    New fixtures, vanity, counter, tile floor, shower or tub,  and lighting fixtures can transform it from a "Necessary Room" to a "Personal Spa".

If you remodel your bathroom, you can expect to recoup around 77% of the project cost.   If you add a new bathroom, you can expect to recoup around 66%.

Should I Consider Adding A Swimming Pool?

Only if you want it primarily for you or your family's enjoyment.  When it comes to recouping costs, pools don't cut it.   They add little to a home's overall value, and in fact, they eliminate a lot of potential buyers who don't want the hassle and expense of a pool.

Have You Made Any Home Improvements That You'd Like To Tell Us About?

How did your project go?  What was the most challenging part?  Did you run over budget?  How long did it take?  Got any advice for someone who's thinking about doing it?

Please take a moment and share your story with us.    Thanks!

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Last Updated on Wednesday, 28 May 2008 16:36
 

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