Make it pay

26 avril 2024

Remodeling and upgrading your home can be an expensive proposition. And it can be very frustrating, contending with the mess and upheaval in your everyday life. The last thing you want to do is over-improve or do projects that have little or no return on your investment.

Whether you plan to move in a few years or never, remodel with an eye toward resale value. A change in plans could necessitate a move sooner rather than later. If you've followed this simple rule you'll be miles ahead in appealing to potential buyers.

What does this mean? First it means keeping permanent items in neutral. That would include floors, bathroom and kitchen fixtures, even the siding on your home. Red tile in the bath might look striking and get you lots of compliments but it won't necessarily attract a buyer. By using a neutral tile, you can add accents of your favorite color, appealing to your sense of style while still making it easier for your buyer to make their personal changes.

Keep the integrity of your home's design. If you live in a three bedroom ranch, attempts to make it look like a Tudor might come off as silly. There should be continuity in the home's interior spaces, also. That doesn't mean you must make everything look the same. But every home, no matter the size, appears more spacious and well planned when there is a nice flow. For instance, an elaborate Victorian living room looks out of place in a home with a country theme.

Whatever your remodeling project, do not ‘go cheap.' It won't last and a buyer down the road will not be fooled. Use the best quality materials you can afford. And unless you are experienced at remodeling, call the professionals. It might be cheaper in the long run.

Lastly, know what improvements to go with and how much to spend. Stay within the standard of your neighborhood. Homes in an upper bracket are expected to include certain amenities such as granite countertops. In a more modest home you may not recoup the added cost.

It is more cost effective to add small improvements along the way rather than be challenged with a complete facelift just when you must make a move. At least once a year, do a walk-through of your home. Take notes of items that might need attention. Then plan a time frame for getting the job done.

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Decoration and work