There are many improvements that a person can make to a home, many offering more of a return than others. There are some home improvements that can actually hurt a home’s investment potential. Some improvements limit the number of future potential home buyers due to the uniqueness of the improvement, for example not everyone wants a home spa, sauna, full workout room, etc. In essence it is important to make sure that home improvements and additions be well-planned and then well-executed.
Historically, the best improvements are kitchens, bathrooms, and decks. These renovations and/or additions offer the best return for the dollars spent, being that they are completed reasonably and not over-the-top. The simpler the project, the better.
Most people want to get their money back when they sell a home, but many will not. One key element to remember is to keep your home in line with the neighborhood. If every home on your block is similar and you add a huge garage, fancy finishes and ornate touches that do not exist in your neighborhood you probably won’t get your money back. Of course, if you don’t care about the return that you will get on your home then you can feel free to throw caution to the wind.
For more information please contact me at 818.269.5550.
You may also visit my wesbite: http://www.caroledelacruzrealty.com/
or email me at: carole@caroledelacruzrealty.com
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Add one nice piece of art. Be sure it is reflected in the mirror.
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