Many people assume that any amount of money invested in home remodeling will come back to you later. However, this isn’t always the case. Some projects can make your home more beautiful and inviting but they won’t necessarily increase its value. If you want to choose projects that are almost guaranteed to put money back into your pocket, give these options a try.
Adding or Expanding a Bathroom
Most homeowners and families agree that it’s difficult to have too many bathrooms in your home. In fact, it’s easier for a larger family to make fewer bedrooms work if there are enough bathrooms to keep everyone happy. While a full bath certainly adds the most value, half baths can also be a financially sound decision. Most homeowners not only recoup their spending when it comes to bathrooms, but some actually make money on this type of project in the end.
Building a Deck
Adding a deck to your backyard may sound like a less practical home remodeling option, but adding this feature can really set your home apart from the competition. Decks are a huge draw for many since they create an additional living space for everything from relaxing and entertaining to reading and working, even if it is outdoors. Decks also show that your yard and home’s exterior are well cared for and they can add a significant amount of value to your property.
Remodeling Your Kitchen
It’s often said that kitchens sell homes and many real estate agents agree. Putting money into your kitchen will almost always be money well spent that you’ll get back when you sell. It is important to note that minor remodels are the best approach when it comes to investing your money. Expensive, over-the-top details may give you a luxurious finish but you’re less likely to regain everything you’ve spent.
If you want to choose a home remodeling project with the most return, keep these three options in mind. At the end of the day, it’s your home. Be sure you invest in something that’s worthwhile to you.