Home Renovations
(Continued)
Projects that add the most value:
· Updating kitchen and bathrooms (painting cupboards, resurfacing counter tops, installing stainless steel appliances)
· Replacing or power washing exterior siding
· Updating interior paint
· Rejuvenating landscaping
· Updating/Installing trim and crown molding
· Refinishing/Replacing flooring (to higher-quality materials)
· Installing/Updating light fixtures and ceiling fans
Less-profitable and possibly value-damaging projects have one of three flaws: they’re expensive, they focus on a space not used every day, or they reflect too much of the owners’ personal taste.
Projects not guaranteed to add value:
· Converting part or all of the garage into a family room or hobby space
· Turning a spare bedroom into a home office
· Screening in an outdoor room
· Conducting a deluxe upgrade in anything but an upscale home
In addition to adding value to a home, sweat equity can empower homeowners and make them more knowledgeable about their house and how best to maintain its value in the long-term.
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