If you are planning to sell soon and think that renovations will increase the value of your home, then some research might be in order. Not all remodeling projects deliver the same bang for the buck when it comes to resale. Studies suggest that most renovation projects do increase the price of a house, however, the increase is typically less than the cost of the project. Generally a homeowner will experience a return of 75% to 80% on the dollar at resale. Some of the more cost effective improvements are major kitchen upgrades, bathroom remodeling, and anything that adds square footage. Keep in mind that the cost recouped can be affected by the quality of finish and even the type of neighborhood and local conditions.

Probably the biggest advantage that remodeling has is the fact that it increases the appeal of your home to buyers. A gleaming state of the art kitchen with granite countertops and bathrooms with tile and glass can sell a house more quickly than a home with an outdated kitchen and harvest gold appliances. You can count on me for helpful tips whether you are buying or selling real estate. Give me a call!

Donna Forest