Every home has room for improvements, and it is always great to make the place you are living in more beautiful and cozy. However, there are upgrades that will financially reward you once you sell your home, and there are the ones that will not.
If you are planning on upgrading your home with the following improvements, you may, next to living in a more beautiful environment, enjoy a financial reward:
Remodeling the Kitchen
You can expect a 60%-120% recoup of your investment on a kitchen remodel, as long as you don’t go overboard. You should never make your kitchen fancier than the rest of the house, or the neighborhood.
Adding Square Footage
Adding more square footage to your home with a new room can be an incredibly expensive project. However, you can typically recoup between 50% and 83% of your initial investment. Just make sure you keep cost under control.
If you make your deck and your backyard more appealing, your house will be more appealing to prospective buyers when you decide to sell. Homeowners can recoup 65%-90% of their investment by adding a deck.