Is Your House Worth More If You Remodel It?
Other People Are Reading
-
Worth More
-
Remodeling generally adds value to the home, but not as much as the remodel cost. Types of remodeling most likely to recoup the full cost of the remodel include mid-scale bathroom and kitchen remodels and replacing vinyl siding, according to Zillow.com. Additions do not typically add as much value as they cost.
Worth Less
-
Specialized remodeling projects may not add value to the home because they are not things that buyers look for. For example, remodeling a room to make a soundproof recording studio may decrease a home's value because potential buyers would prefer the space as a sunroom.
-
Bottom Line
-
Bankrate.com recommends cost-effective remodeling projects such as painting the interior and exterior of a home and upgrading the kitchen. In addition, select neutral colors when remodeling to give potential buyers the ability to bring their own color scheme into a home.
-
