The majority of people who remodel will sell their home sometime within the next 5-10 years. This means the majority of remodel projects are viewed, at least partially, as an investment. But not all projects hold their value equally. This article from Fox Business highlights the 6 worst remodels you can do with resale in mind. Of course, if you’re planning on never moving again, then disregard this completely and do whatever the heck you want with your home! Or, if you’re past the remodel point and getting ready to start the sale process, check out our tips on preparing your house for an appraisal.
Six Worst Home Fixes For the Money
It’s the magic phrase uttered by almost anyone who’s ever considered the cost of home remodeling: “We’ll get it back when we sell.” Unless you keep those projects practical, though, you might just be kidding yourself. For example:
• Steel front door: Good.
• Master suite addition costing more than the average American home: Bad.
Every year, Remodeling magazine looks at the hottest home upgrades and renovations and calculates just how much owners get back with they sell. Upkeep is more popular than upgrades these days, says Sal Alfano, editorial director for Remodeling. These are the projects that often recoup the biggest slice of expenses at resale. But prices and returns do vary regionally, he says. Read more…