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Three Home Improvement Projects that Could Increase Your Home’s Value and Three that Won’t
www.DanvilleLivingCA.com @DanvilleLivingCA #DanvilleLivingCA
By Lauren Parker, AAA San Ramon
Home improvement projects aren’t created equal. Some can have more of an impact — either positively or negatively — on your home’s value than others. Here are three home improvement projects that provide real bang for your buck, and three that could cost you in the long run.
Projects to Increase Home Value
1. Preventive Home Maintenance: Existing infrastructure issues can hit your home value hard. Before focusing on aesthetic projects, make sure plumbing, foundation and electrical systems are in tip top shape.
2. Mid-range Kitchen Remodel: A minor kitchen remodel can recoup around 80% of its cost. To maximize return, focus on updating cabinets and countertops, installing stainless steel appliances, and modernizing flooring.
3. Adding a Bedroom: Bedroom count is critical to buyers. They’re more likely to choose a smaller home with more bedrooms, than a larger one with fewer. Adding a room is not a cheap project, but it could show a great return.
Projects that Won’t
1. Unusual Upgrades: Designing your home to your taste is fine while you’re living in it, but, once it comes time to sell, prospective buyers need to imagine themselves living there. Avoid making drastic changes that can’t be undone once it’s time to sell.
2. Adding a Swimming Pool: Many buyers find pools to be too much work and will either avoid them completely or ask the seller to fill them in. They might be a nice bonus, but pools don’t add value.
3. Converting a Garage: Temporarily turning your garage into a gym may work for now, but prospective buyers will want to use it for their car or storage.
For more information about AAA House Manager and properly maintaining your home, visit www.aaa.com/housemanager.
