You might think that remodeling your house will add great value into your house and it will increase the price of your house when you sell it. Any home remodeling programs on TV may give a drastic change on the look of the house. However, it doesn’t give big return on the investment. Infact, it’s quite difficult to regain what you have spent on your investment. If you remodel to increase the value of your property, then you should learn what to remodel, what not to, and the reason to do so.
Practical remodeling gives the highest return on your investment value. Gives more attention on the door, windows, garage doors, and decks. New mid-range steel door with new lockset can give back more than 90% of what you’ve spent. New garage door can bring back up to 83% of the cost. The reason is on protection that these new doors and locks give to those living inside the house. Besides, if the house has unkempt look on the outside, potential buyers will assume the same look applied on the interior. You also need to pay more attention on basement and attic remodeling. It adds useable square footage in the house. For bathroom, choose materials with expensive look but cheaper price.
Although you have carefully remodel your house, there are still some surprising things that may dissapoint you. Replacing home roofing and getting backup power generator only gives small revenue on the value of your house. It’s expensive and takes weeks to complete the project, yet it only gives you small profit when you sell your house. You also need to take a look at the value of your property. If it’s a hot property, the smallest remodeling will give huge increase on the value. However, a total renovation won’t help if it has bad value. Taking consultation with real estate agent does the biggest help if you want to increase the value of your house.