Will renovations add value to your home? Facts you need to know

Most people think that any any type of home renovation will add value to their home. But before you spend time, effort, and money adding a new room to your home or remodeling an existing room, you should know that some remodeling projects aren’t going to increase your home’s value when you go to sell it. Some home renovations are highly sought-after by potential buyers, while others are not. Here are some things you should know before spending thousands of dollars on your next remodeling project:

• Renovating your outdated kitchen or bathrooms is probably the best investment you can make when remodeling your home. Potential buyers want a home with modern cabinetry, fixtures and amenities in the kitchen and bathrooms. Although kitchen and bath remodeling can become pricey, it will definitely be worth it when it comestome to sell your home.
• Installation of brand name appliances may be costly—but it is definitely worth the money when it comes time to sell your home. Buyers look for quality, brand-name appliances when considering the purchase of a home. Installing quality appliances and fixtures can go a long way to enhancing buyer interest in your home.
• Room additions will be a good investment in most circumstances. Adding a room to a home will increase the square footage and make the home more desirable to potential buyers. It is best if the room you add can be used for multiple purposes – a room that can serve as an extra bedroom or a home office, for example.
• The right flooring, professionally installed, can really add value to your home. Potential buyers look for quality flooring when purchasing a home. Flooring is expensive. Instead of spending tens of thousands of dollars to install hardwood floors, travertine tile or Berber carpeting, buyers would rather find a home that already has the flooring they want.
• Renovating the patio in your home can add value when it comes time to sell it. Installing a built in barbeque, a hot tub or spa, or upgrading the tile and landscaping on your patio makes your home more desirable to potential buyers. Make sure the landscaping you choose, however, does not require a lot of maintenance. Most buyers don’t want high-maintenance landscaping in their new homes.
• In-ground pools are a great investment if you plan to stay in your home for a while, but installing won’t necessarily increase the value of your home. Many potential buyers do not want a pool, because of the risk of drowning for small children, the time and money it costs to maintain the pool, and an increased risk of premises liability lawsuits. The increased value to your home will likely be much less than it cost to build the in-ground pool.

If you intend to keep your home for a while, there are many reasons why a remodeling project might be worth the investment even if it doesn’t add value to your home. When you are trying to sell your home for the maximum amount possible, however, the above tips will help you ensure you are getting the best value for your money when it comes to remodeling your home.

When it comes to home remodeling in Arizona, you simply can’t go wrong with Legacy Design Build Remodel. Our home remodeling firm offers affordable and quality renovation services that are guaranteed with a full 2-year warranty. If you are in need of professional home remodeling in Phoenix, call (480) 991-1993 or contact us online.