Renovation Payback
Renovating your home? Here are some things to think about. Are you going to sell in five years? ... If so, be very budget conscious about what you are doing. OR If you plan to stay for more than five years... if it makes your house more confortable for you and your family, go ahead and make the changes.
KITCHENS
A kitchen remodel could give you a 85% return of the cost of your investment. What is important to potential buyers? Use lighter woods for cabinets but nothing too comtemporary, change cracked or stained countertops, and update appliances to stainless steel. If your kitchen is dated... any upgrades will impress potential buyers.
BATHROOMS
A bathroom remodel could give you nearly 85% return of the cost of your investment. What is important to potential buyers? Update hardware on cabinets, and add stylish new faucets are some less expensive changes that can make a difference to a potential buyer. The WOW factor items are showers with multihead showers with a rain head, steam showers, stone flooring, furniture type vanity cabinetry, or vessel sinks.
THE MAIN POINT
Keep everything up to date and make it a place that a potential buyer could imagine living in!
