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The value of remodeling

Homeowners often consider remodeling projects an investment in their home. That’s true. An updated home sells more quickly and for more money than a similar but outdated property. But don’t set unrealistic expectations for what a remodel can do for your bank account when you sell.

The majority of remodeling projects do not add more value to your home than the cost of the project itself. Some changes will “turn a profit,” and others may come close, but many times you won’t recoup your initial outlay for the job.

With that in mind, make sure that the updates you do make to your home are projects you will enjoy while you still live there. Of course, you’ll want think long and hard about any strange modifications likely to appeal only to you, as these projects may actually dissuade buyers and devalue your property.

Your Texas REALTOR® can help you evaluate how a remodeling project will affect the appeal of your home and can point out several low-cost changes that will bring dramatic improvements to your home’s marketability.

 

 

BILL MOORE TEAM @ RE/MAX
(281) 980-6000 www.onemooresold.com
TEXAS ASSOCIATION OF REALTORS®

 

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