So if you're thinking about listing your house for sale, these are the renovations that should top your to-do list, replacing garage doors. When remodeling your kitchen for resale, opt for traditional materials and appliances, such as all-wood cabinets, commercial-looking appliances, natural wood or stone floors, and stone countertops. Second, if you're not planning to move in the near future, spend your money on remodeling the way you like best. Real estate agent Ron Phipps recently showed a house with a kitchen that had been remodeled just two years ago.
I opened the Viking range and the original packaging was still inside, Phipps says. The kitchen is great, great, but they don't use it. Bathroom additions are the most returning, according to the Remodeling magazine report, with an average of 86.4 percent. The addition of attic bedrooms, family rooms and glazed terraces returned between 70 and more than 80 percent of the money spent, and that doesn't take into account the value of your own enjoyment of all that new space.
It also doesn't make sense to update your kitchen if your house is the only house in the neighborhood with only one bathroom. An accessory housing unit (ADU) is an innovative and affordable housing solution in high-cost areas, as well as a way to house distant family members or add rental income to your property. What you'll get out of your investment depends on the value of your home, the value of the homes in your immediate neighborhood, the real estate market you live in, how quickly you sell after making the improvements, and the quality of the project itself. More than 70 percent of buyers who purchased existing homes knew what they were going to remodel even before the deal was closed, according to the HanleyWood Housing Continuity Study, conducted in 2002 in conjunction with the Harvard Joint Center for Housing Studies.