Kitchens
The kitchen is a major socializing area for American families. In fact, some home experts believe it is the most important room in the house. As a result, one of the first things that many home purchasers look at is the kitchen. A kitchen remodel has a 66 percent return on average. A nice kitchen can persuade many home seekers to buy. Likewise, a horrible kitchen can drastically decrease the chances that a nice house will sell.
The cost of major kitchen remodels vary depending on the extent of the job and the region. Determine how much money to spend on your kitchen renovation by matching how much others in the surrounding area are spending on their renovations. For example, if the average kitchen remodel in your market area is $30,000, then stay close to this figure.
Bathrooms
Comfortable and modern bathrooms are important to today's home buyers. Most professional remodelers say that you will recoup 62 percent of your investment if you do it right. Many homebuyers are looking for larger bathrooms in the master suite. Spend on space and finishes, as high end bathrooms are fast ways to impress the pickiest of buyers. Also consider adding an extra bathroom or half bath if possible. Most homebuyers seeking a three bedroom home want at least two bathrooms.
Attic Bedroom Conversions
If you have a functioning attic, converting the attic into another bedroom will give you on average a 73 percent return. However, this renovation can be quite expensive, averaging $50,148. But realtors note that if homeowners are able to make the investment, it will help your home sell quickly and drive up the price.
Home Offices
More homebuyers are seeking nice sized home offices, because a growing number of workers are either bringing their work home with them, or choose to work from home. If you do convert a room into an office, avoid adding built in furniture. Home offices recoup 43 percent on average, but before investing in this renovation make sure there is a demand for it in your market.
Sunrooms
Homeowners can get a good return on investment with a sunroom if they live in a warm region. On average, sunrooms provide a 46 percent return on investment. But can be a nice bonus to a home.
Renovations can increase the selling price of your home. But not all renovations make sense for every homeowner. Consult a professional design-builder to discuss the best option for you.
