| 150% |
Remodeled Kitchen
A kitchen update can reward a seller with a sizable payback. Just remember though;
splurging on fancy finishing materials or sophisticated equipment may cut into
your profit. Keep it simple. |
100% |
Revitalized Lawn and Garden
A verdant lawn and a modest but colorful flowerbed will entice potential buyers.
The few hundred dollars invested may yield several thousands in profit. |
100% |
Fireplace
Especially if it is energy efficient, such as a gas-powered model, a fireplace
holds the promise of cozy family gatherings around the warmth of the hearth. |
90% |
Second Bath
All it takes is a simple 5x9 foot extra bath to make mornings more civilized
for most families. But don't count on a return on extras like a heat lamp or
whirlpool tub. |
80% |
Room Addition
For the most attractive return of your investment dollars later on, the added
room should be today's popular family room or a third bedroom. |
60 - 80% |
Remodeled Bath
A master bath is on many buyer's list, so invest here. If you own only one bath,
install two sinks or a double vanity to handle the morning crowd. |
70% |
Expanded Master Suite
To keep costs down, try to find extra space to create this wish list item by
combining existing rooms and spaces. Heavy structural work entailed by adding
square feet diminishes your return. |
70% |
Deck
Outdoor living space is a desirable asset no matter where the locale. No maintenance
decking material leaves lots more leisure time, too. |
50% |
Exterior Paint
Sprucing up tired siding, trim, etc., can take years off the look of an older
house. |
50% |
Finished Attic
You can expect to recoup more of your investment if you make sure the renovation
does not detract from the aesthetics of your home. It is especially attractive
as an extra bedroom in a small house. |
40% |
Finished Basement
This is a great way to gain added living space without building a costly addition.
If the basement has an access door to the outdoors, the project becomes more
valuable. |
40% |
Heating Systems
Replace it only if your old system is dysfunctional. Depending upon a buyer's
priorities, a new energy efficient furnace may or may not be a selling advantage. |
35% |
New Windows and Doors
Buyers appreciate changes that improve the look of a house, so attractive new
French doors, for example, may be a plus. Energy efficient units are an ecological
boom, but may be a resale bust. |
30% |
Garage
Don't go overboard to blend it into your home's architectural style. Its desirability
increases if you live in a part of the country with a harsh climate. |
0% |
Swimming Pool
Unless you live where the sun always shines, such as Southern California, this
luxury item can detract from your resale profit. |
