Any time that I speak with a homeowner about selling their home, I ask about improvements. It's important to know the details of every improvement that's been put into a home before it goes on the market, whether they were completed by the current owner, or the improvements were in place when they bought it.
This information is crucial because different home improvements will have an effect on the sale price of the house. Some will pay dividends, while others are neutral. Some can even cost you more during the sale than what was originally paid for the improvement.
I've compiled the following list to help you determine whether or not it is worthwhile to make certain improvements. After all, the return of enjoyment should also be considered along with the potential financial return. If enjoyment is your only focus, you may find yourself regretting an expensive improvement down the road!
|Add Value||Neutral Value||Will Cost You At Sale|
|Wood Floors||Low-Flow Toilets||Odd-Color Tile|
|Swiming Pool||Water Treatment||Inferior Laminate Floor|
|Covered Patio||Driveway Extention||Wood Siding|
|Perfect Paint||Solar Screens||Drapery|
|Landscaping||Water Heater||Solar Panels|
|Plantation Shutters||Stand Alone Hot Tub||Under Sized Pool|
|A+ Natural Carpet||Floored Attic||Crusty Front Door|
These are just a few of the most popular items among homeowners who are looking to make improvements, but you'll notice that a third of the list will actually cost you money when it comes time to sell your home. Think about these, and any other improvements, carefully.
If you're considering an upgrade and you're curious about the future value, then give me a call and let’s talk about it. In my decades of real estate experience, I've seen it all, and I'm always happy to help.