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Are Home Improvements a Smart Investment? |
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Are Home Improvements a Smart Investment?
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. Recouped value: 150% Revitalized Lawn and Garden A verdant lawn and a modest, but colorful flowerbed will entice potential buyers. The few hundred dollars invested my yield several thousand in profit. Recouped value: 100%
Fireplace Especially if it's energy-efficient, such as a gas-powered model, a fireplace holds the promise of cozy family gatherings around the warmth of the hearth. Recouped value: 100%
Second Bath All it takes is a simple 5x9-foot second bath to make mornings more civilized for most families. This is not an "extra" today, but a must-have for buyers. Recouped value: 90%
Room Addition For the most attractive return of your investment dollars later, the added room should be today's popular family room or a third bedroom. Recouped value: 80%
Remodeled Bath A master bath is on many buyer's wish lists, so invest here. If you own only one bath, install two sinks or a double vanity to handle the morning crowd. Recouped value: 70% *Recouped Value is the percentage of your investment that is recouped at resale.
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