barbpic

Barbara Sondgerath

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Smart Investments

Working hard to make it easy for you!

from Buying, Owning, and Selling Your Home

Percentage of your investment that is recouped at resale.
A compilation.  Rates of return will vary depending opon locale and trends.

150% Remodeled Kitchen
A kitchen update can reward a seller with a sizable payback.  Just remember, though:  splurging on fancy finishing materials or sophisticated equipment may cut into your profit.  Keep it simple.

100% Revitalized Lawn and Garden
A verdant lawn and a modest but colorful flowerbed will entice potential buyers.  The few hundred dollars invested may yield several thousands in profit.

100% Fireplace
Especially if it's energy-efficient, such as a gas-powered model, a fireplace holds the promise of cozy family gatherings around the warmth of the hearth.

90% Second Bath
All it takes is a simple 5x9-foot second bath to make mornings more civilized for most families.  This is not an "extra" today, but a  must-have for buyers.

80% Room Addition
For the most attractive return of your investment dollars later, the added room should be today's popular family room or a third bedroom.

60-80% Remodeled Bath
A master bath is on many buyers' wish lists, so invest here.  If you own only one bath, install two sinks or a double vanity to handle the morning crowd.

70% Master Suite
To keep costs down, try to find extra space to create this wish-list item by combining existing rooms and spaces.  Heavy structural work entailed by adding square feet diminishes your return.

70% Deck
Outdoor living space is a desirable asset no matter where the locale.  No-maintenance decking material leaves lots more leisure time, too.

50% Exterior Paint
Sprucing up tired siding, trim, etc., can take years off the look of an older house.

50% Finished Attic
You can expect to recoup more of your investment if you make sure the renovation does not detract from the aesthetics of our home.  It is especially attractive as an extra bedroom in a small house.

40% Finished Basement
This is a great way to gain added living space without building a costly addition.  If the basement has an access door to the outdoors, the project becomes more valuable.

40% Heating System
Replace it only if your old system is dysfunctional.  Dependeing upon a buyer's priorities, a new evergy efficient furnace may or may not be a selling advantage.

35% New Windows and Doors
Buyers appreciate changes that improve the look of a house, so handsome French doors, for example, may be a plus.  Energy-efficient units are an attractive amenity with resale appeal.

30% Garage
Don't go overboard to blend it into your home's architectural style.  Its desirability increases if you live in a part of the country with a harsh  climate.

20% Insulation
Again, this is a renovation that, despite its worthiness, doesn't always translate into recouped dollars for a seller.  Point out lowered evergy bills to potential buyers.

10% Greenhouse Addition
A few years ago, this addition lost its luster, but new technology has made a sunspace more efficient, particulary thanks to improved glazings.  Especially desirable are units with operable windows and shades.

?% Swimming Pool
Depending on where you live, and who the buyer is, this luxury item can attact, not affect, or detract from the resale price.

?% Skylight or Roof Window
It's hard to estmate how this renovation may affect profit upon resale.  The best rule of thumb is to consider how an operable skylight or roof window may dramatically improve an unattractive area, such as an attic or otherwise dark hallway that may be sunless and underventilated.

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