Renovate Instead Of Moving
If you want or need changes to your home, instead of finding a new one here are reasons why to renovate:
- Renovating allows you to customize your home to meet your needs and wants.
- Renovating means that you don't have to give up a familiar neighborhood and schools.
- Renovating can be stressful, but few experiences are more stressful than moving.
While there are many reasons to renovate, the bottom line is that it makes your home a more enjoyable place to live. The intangible value of this pleasure needs to be considered along with any resale value you may gain.
All renovations are not equal. The rule of thumb is that any renovation that you do which will bring your home up to the level of your neighbors,' is a worthy investment. It doesn't necessarily pay to be the most expensive house on the block.
Potential buyers will be comparing your home to newly built ones. You'll want to look at the design trends and amenities being built into new homes such as great rooms, master bed and bath suites, and high ceilings, as well as up-to-date features and finishes.
Renovating kitchens and bathrooms create the greatest return on investment as these are two of the most used rooms in the home, and receive the most scrutiny from potential buyers.