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Remodeling R.O.I.


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Here's another great tip from BobVila.com.

Before you remodel, consider how long you plan on owning your home. Some choices make more sense if you’re selling sooner. Others, like adding personal touches, are better if you’re planning on staying in your house five years or more. Keeping up with the Joneses can actually be a good rule of thumb if you’re planning to sell your house within the next five years.

First, take a look around your neighborhood. If it’s rife with gourmet kitchens in granite and stainless-steel, bringing yours up to speed makes sense. But if homes are more modest in your area, a simple upgrade to your appliances, flooring and countertops might be more prudent.

Bathrooms are always a safe bet for boosting your home’s value. A new half bath (or two!), master bath or a larger, updated shower in the family bath are worthwhile remodels. But beware of super-fancy or trendy fixtures that can date quickly or not appeal to potential buyers’ taste.

Studies have shown that new low-maintenance siding, windows and decks easily pay for themselves when you sell. But unless you plan to stay in your house for 10 years, skip the baroque fountain and the hot tub!

Here’s one more tip. Rather than “bumping out” for more living space, look to existing areas that are underused. Not only will it cost less per square foot, finishing your attic or basement will make the rest of your house more energy-efficient, and that sells, too.

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