Home Improvement - Remodeling Cost vs. the Value of Improvements and Upgrades at Appraisal...

Thinking about remodeling your home? Certain home improvements yield a stronger "return on investment" than others...Remodeling Magazine has compiled "Cost vs. Value" statistics regarding which home improvements add more value to your home. You will want to make sure you click on the corresponding region, as the information is different for Sacramento (the Pacific region on the survey, then choose Sacramento) than it will be for other areas. For many types of home improvements, it is unlikely a homeowner will recoup the cost associated with installing the upgrade.

While many renovations improve the look and value of a home, some will not increase the home's value at all (for example, installing crown moulding - this can run several dollars per linear foot, but will not increase the value of the home)...AND other renovations can actually make it more difficult for a homeowner to resell the home. Some renovations (for example, a built-in swimming pool) may discourage a buyer who views it as requiring too much upkeep that it is too much of a hazard to their small children.

Obviously a homeowner's enjoyment of the upgrades is important, but you will never get dollar-for-dollar increase in your home's value. Anyway, if you are wondering how certain home renovations may affect the resale value of your home, check out the "Cost vs. Value" survey.