| 150% |
Remodeled Kitchen
A kitchen update can reward a seller with a sizable
payback. Just remember though; splurging on fancy finishing materials or
sophisticated equipment may cut into your profit. Keep it simple. |
| 100% |
Revitalized Lawn and Garden
A verdant lawn and a modest but colorful flowerbed will
entice potential buyers. The few hundred dollars invested may yield
several thousands in profit. |
| 100% |
Fireplace
Especially if it is energy efficient, such as a
gas-powered model, a fireplace holds the promise of cozy family gatherings
around the warmth of the hearth. |
| 90% |
Second Bath
All it takes is a simple 5x9 foot extra bath to make
mornings more civilized for most families. But don’t count on a return
on extras like a heat lamp or whirlpool tub. |
| 80% |
Room Addition
For the most attractive return of your investment
dollars later on, the added room should be today’s popular family room
or a third bedroom. |
| 60-80% |
Remodeled Bath
A master bath is on many buyer’s list, so invest here.
If you own only one bath, install two sinks or a double vanity to handle
the morning crowd. |
| 70% |
Expanded Master Suite
To keep costs down, try to find extra space to create
this wish list item by combining existing rooms and spaces. Heavy
structural work entailed by adding square feet diminishes your return. |
| 70% |
Deck
Outdoor living space is a desirable asset no matter
where the locale. No maintenance decking material leaves lots more leisure
time, too. |
| 50% |
Exterior Paint
Sprucing up tired siding, trim, etc., can take years off
the look of an older house. |
| 50% |
Finished Attic
You can expect to recoup more of your investment if you
make sure the renovation does not detract from the aesthetics of your
home. It is especially attractive as an extra bedroom in a small house. |
| 40% |
Finished Basement
This is a great way to gain added living space without
building a costly addition. If the basement has an access door to the
outdoors, the project becomes more valuable. |
| 40% |
Heating Systems
Replace it only if your old system is dysfunctional.
Depending upon a buyer’s priorities, a new energy efficient furnace may
or may not be a selling advantage. |
| 35% |
New Windows and Doors
Buyers appreciate changes that improve the look of a
house, so
attractive new French doors, for example, may be a plus. Energy efficient
units are an ecological boom, but may be a resale bust. |
| 30% |
Garage
Don’t go overboard to blend it into your home’s
architectural style. Its desirability increases if you live in a part of
the country with a harsh climate. |
| 0%
Location Dependent |
Swimming Pool
Unless you live where the sun always shines, such as
Phoenix, this luxury item can detract from your resale profit. |