Remodeling Your Home - What brings Value

Joan,

 Funny some people think they will get everything back I love that kitchen and that tub some bubbles in the tub and bubbles in a glass! I like it!

Great breakdown of the returns on home improvements, most sellers assume they will get 100% back on their return and you make it clear that isn't always true.

Hi Joan - yes you can go overboard and raise renovations above your neighborhood.  Both rooms and kitchens are big.

Oh my.... I love both the kitchen and bathroom photos shown here.  I bought an outdated house so that I could remodel them to look how I wanted them to look. 

So, sometime remodeling is alright even if you don't recoup the entire investment if you enjoy it.    

However, as you stated at the beginning, it is important not to remodel beyond what the neighborhood is going to bear.  

Hi Joan Cox , Great information for those wannabe sellers, who are looking for ways to increase the sales value of their home.

Good information for people looking to remodel with the thought of selling soon.  At least the money sent will drive people to the door and they will know they can't get more than the value of the work as a bonus.

Joan

Outstanding post what bring value to a home that's being remodeled.

Good luck and success.

Lou Ludwig

Good to also note that updates one neighborhood would love to see may not bring the same return on investment in another neighborhood.  Home Owners should call you directly before they start their projects to see which ones are more valuable for their neighborhood.

Joan looking at those percentages real puts the values in to perspective.

Joan Cox You did a great job explaining what brings value to a home.  We know homes with remodeled kitchens and baths sell for more.  People in Denver would be wise to call you when looking to buy or sell a home.

Good morning Joan. Your post is great, an important topic for sure. So many make bad decisions when preparing a home for the market, your guidance would go a long way.

Thanks for the excellent advice, Joan.  A tasteful and well planned re-model should help with the sale of a home.

Good morning Joan. This is very poignant. If you make a castle in a neighborhood without a moat you probably won't get your money back.

This is very good information to share with home owners.

Have an outstanding week.

Interesting statistics, Joan. Here in Charlotte the returns are somewhat lower based on the numbers I've seen. Homeowners always overestimate the value of their remodels and renovations, I've found.

Joan,

Thanks for posting this, something we need to remember and share with our clients!

Sandra

How interesting that home maintenance does not add the "value" to a house that home improvement does.  While I deal in the world of home improvement, I feel so strongly that without proper home maintenance a home loses its value as the basic expenses just add up!

Who wouldn't love a bathroom and kitchen like that!

I have to agree with Joanna Cohlan! I find too many people spend more than they should on expensive cosmetic work that often becomes the first thing on the list for new buyers to replace.  

Hello Joan - among the comments I read today and finding my own from seven years ago, I must agree with those insightful words I had back then.  Be mindful whether you are planning a move or staying "put".  😃