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Remodeling Your Home: How Much Is Too Much?
GetSmart.com

The classic way for homeowners to increase the worth of their house is by remodeling existing rooms or adding on to its current plan.

Some choose to contruct recreation rooms and studies while others add new appliances, fixtures and cabinets to enliven rooms and build their home more attractive to future buyers.

But, when should you decide to stop sinking money into a home and buy a bigger place? And how much rehab is too much when it comes time to recovering remodeling costs through a home sale

For instance, if youve just spent $1,000 remodeling your living room and didnt expand your small bathroom, the chances of increasing the number of interested buyers are slim.

With these concerns in mind, I might offer a few tips for those struggling to add assessment of value to their home.

First, always protect the character of your home. Nothing sticks out more than a new addition that is in a completely different architectural style. Be consistent. Recognize your homes character and stay within its framework.

The most financially rewarding areas to remodel are usually the kitchen and bath. Newly re-done cooking spaces and cabinets may attract more buyers and can command a slightly higher price for the home than a comparable one on the advertise. Simple repairs that are made to last will bring you the biggest returns upon sale.

Enlarged bathrooms are the most popular attraction for new home buyers, according to the National Kitchen and Bath Association. Today, the most popular additions for younger buyers are sunken whirlpool baths and showers. But be sure to install modest, solid amenities. Its user friendly to quickly over-spend on bathroom fixtures.

Buyers are, by convention, more interested in above-ground living space not basements, yards and walkways. Swimming pools could be a poor investment if installed for the sole purpose of increasing a homes value; its rare that a pools cost will be recovered in a home sale. It can also be a negative feature for potential buyers with very young children.

Replacing worn carpeting, tiles and wood floors may give your home an immediate advantage over similar properties in the area. Updating paint colors in all areas of your home might also prove beneficial.

However, its recommended that you use neutral colors, such as gray, beige and off-white when adding new floor and wall coverings. Fewer buyers will then turn away because of differing tastes.

Stay simple with your remodeling and look at your home as though you were the buyer. Chances are that if you find the upstairs bedroom could be brightened by a larger window, potential buyers will most likely feel the same.

Do not go overboard. Concentrate on improving two or three deficiencies in your home. More than likely, the measure and money you spend adding quality to your home will be rewarded with greater profit at selling time.

W. Troy Swezey is the author of REMODELING YOUR HOME: HOW MUCH IS TOO MUCH?" As a Realtor at Century 21 Paul & Associates, he has helped many individuals with their real estate needs. Visit his web site to download his costless e-book, REAL ESTATE SECRETS EXPOSED. http://www.TroyIsMyRealtor.com or mail to: TroyC21@usa.net


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