Is the avocado green wallpaper in your kitchen getting on your nerves? Now that you think about it, if you’re going to get rid of the wallpaper, what about the matching countertops? Before you make an investment, there are a few things to consider to decide if it is the best move.
How long you will be there
If you are planning to move anytime soon, it isn’t worth the money or effort but if you plan on staying in your home for several years, go ahead and spend the money. You’ll be there long enough to appreciate whatever changes you make. If you’re concerned about whether you will get back what you put in, there are general rules of thumb for remodeling.
What you expect to get back
In most real estate markets, kitchens and bathroom re-dos tend to give the best rate of return, ranging from 80 percent to 100 percent of what you put in. As far as additions go, bathrooms and family rooms tend to do pretty well.
Remodeling master bedrooms also tend to fare well; however, converting basements, attics and adding decks vary depending on the region you live in.
Don’t forget the outside
Repainting your house tends to offer a good return on investment when selling your house as does basic lawn maintenance and attractive landscaping.
Be consistent with the neighborhood
Any remodel or improvement should be in keeping with the neighborhood. Extensive additions in a middle-class neighborhood will not only stick out but won’t provide the returns you might be hoping for.