Before you start an extensive and costly home remodeling project, you should consider its effect. If any, it will have an effect on the resale value of your home. Compare your home to others in your neighborhood. If you are over-improving compared to the homes around you, it is highly doubtful. You’ll recoup your investment. Kitchen and bath renovations are generally the most expensive, but they may not be the best way to add value to your home if you’re planning to sell in the near future.
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Renovations that give you the best return on investment are:
- replacing an entry door
- adding a wood deck, or an attic bedroom,
- replacing a garage door
- minor kitchen or bath remodeling.
Renovations that give the least return on investment are:
- remodeling a home office
- adding a sunroom
- Add a backup power generator
- adding a master suite.
Before finalizing any remodeling decisions, consult with a realtor familiar with real estate values in your neighborhood. To get a second opinion about whether the project you are considering would be a sound investment.
Watch the video below:
One of the reasons to call the Agardi Team if you want to buy a home or have one to sell is:
Not only do we sell our clients’ homes for more money and faster than the average area agent, but your home is also more likely to sell. According to 2015 MLS statistics, only 71% of area homes sold during their listing term. Compare that to our 95% of homes listed that sold before the end of the listing term. YOUR HOME SOLD GUARANTEED OR WE’LL BUY IT*
To discuss the sale of your home, call The Agardi Team at 718-755-2882 and start packing!
*Agardi Team and the seller have to agree on the price and the closing date.