Your home may need some work, but that doesn’t mean you want to lose money on it when you sell. That’s why you might be interested in the 2015 Remodeling Cost vs. Value Report from Remodeling Magazine and the National Association of REALTORS®.
It may surprise you to learn that large remodeling jobs won’t return their full cost in home price gains, while other could return 100 percent or more of their cost.
Any improvements should help your home sell faster and for more money in the aggregate, but if you’re choosing remodeling projects, you may need to decide which ones are more important for resale, and which ones will bring you and your family the most enjoyment.
Keep in mind that buyers may not get excited about your choices unless the improvement is attractive and makes sense for them, too. It also has to look organic to the home, not like an add-on or afterthought.
It may surprise you to learn that large remodeling jobs won’t return their full cost in home price gains, while other could return 100 percent or more of their cost.
Any improvements should help your home sell faster and for more money in the aggregate, but if you’re choosing remodeling projects, you may need to decide which ones are more important for resale, and which ones will bring you and your family the most enjoyment.
Keep in mind that buyers may not get excited about your choices unless the improvement is attractive and makes sense for them, too. It also has to look organic to the home, not like an add-on or afterthought.