Today I’m excited to answer some questions about remodeling. We are always getting questions from clients about where they should put their money. Today we are going to answer some of those questions.
There are a few key concepts that I advise people to go by. The first is square footage. Whenever you are adding square footage to your home, you’re adding value.
Another thing that adds a lot of value is an extra bedroom. If you go from being a 3-bedroom home to a 4-bedroom home, your home will be in a higher price bracket.
Adding another full or half-bathroom is another great idea. Even if you can’t add anything, remodeling your bathroom will bring you a pretty good return on investment.
When you do decide to add value to your home through home renovation or remodeling projects, understand that you won’t always get a full return on your investment. I found a cool graph in Realtor Mag, that shows how much value certain home repairs bring. If you update your heating and cooling system, you can expect to get around 71% of that cost back. However, with hardwood floor refinishing, you can expect to get 100% of that value back when you decide to sell.
My best advice is this. If you are considering adding value to your home through renovations or remodels, give us a call first. We can help you get started, and put you in touch with some of the best contractors in the area who will be able to take it from there. We are happy to help out, and would love to hear from you. Give us a call or send us an email today!