There’s no guarantee that the dollar you spend on remodeling today will come back to you if you have to sell your home. Try these six tips for spending remodeling dollars wisely no matter what the project.
1. Match Materials to the Neighborhood
Using low-end remodeling finishes in a high-end neighborhood diminishes your home’s value, and putting high-end finishes in a lower-priced neighborhood won’t push your home’s sale price much above the last sale price.
2. Do The Job Right
If you can’t do professional quality remodeling work, hire someone who can. Nobody pays top dollar for amateur workmanship.
3. Blend in With the Neightbors
If you over-improve, you’ll get less at resale. Would you pay full price for a mansion located in a trailer park?
4. Think Timeless
Today’s trendy remodeling finish choices are tomorrow’s dated decor. Even a beautifully executed remodeling project fades in value over time. Brass bathroom fixtures, anyone?
5. Finish Existing Spaces First
A remodel that turns storage areas (think basement or attic) into useable space trumps adding completely new rooms. It’s cheaper to finish existing spaces than add new ones.
6. Make Sure Additions Aren’t Really Subtractions
A third bedroom transformed into a walk-in closet might bring you bliss, but it eliminates a bedroom and will lower your home value at resale.