You want to update the master bath or add a master bath, add a screen porch, put granite in the kitchen, or build that deck; but, wait are you adding value? If you are going to stay for less than five years be budget conscious about what you are doing if staying, in your home, greater than five years, think about what will make you happy.
Typically kitchens are the most expensive room to remodel. However, they also offer the most return on the remodel dollar, upwards to 85% according to Remodeling magazine Cost vs Value Report 2006.
•· If resale is your top priority go for broad appeal:
•· When replacing or adding cabinets use lighter woods and nothing to contemporary,
•· Stick with features and finishes common to your neighborhood and the kind of house it is (i.e. don't put granite countertops in a starter home),
•· Ask local salespeople what sells best,
•· Change out cracked and/or stained countertops,
•· Select up-to-date appliances.
Keep in mind that the kitchen is the primary room in a home and buyers always want to be impressed by the kitchen. If a kitchen is shabby it may inhibited a buyer from purchasing; upgrades will impress.
Thanks to USAA Magazine
Comments(3)