The changes you make should totally reflect your preferences if you intend to stay in your home for the rest of your life. However, it is advisable to think about the return on investment of any remodeling you are considering if you intend to sell your house in the following ten or two years. Continue reading to find more about certain upgrades that are frequently not worth the money.
Then contact Mission West Kitchen & Bath at (626) 799-3503 if you need help with additions that can result in an excellent return on your investment.
Home offices add little value
It is unlikely that adding a home office will result in any additional income, regardless of where it is located or how well it is planned. In fact, it can lower your house’s market value. Why? Buyers prefer bigger bedrooms. They might decide to convert a small bedroom into their own office, but furnishing the space so it can’t be utilized as a bedroom is unlikely to yield a high return on investment.
There are two perspectives on this. Master suites are a great feature, on the one hand. For the rest of your life, you might take great pleasure in it. Additionally, you might discover that the master suite is a selling element when it comes time to sell your house. Nevertheless, it is unlikely to earn back the money spent on construction. If you want to upgrade, go ahead, but don’t do it to raise the value of your house.
Adding a new floor
You could be tempted to grow higher if there isn’t room to do so. Remember that this will probably cost the same as building a new home. In addition, the additional square footage will increase your tax burden by a factor of two to three. If you are adding numerous bedrooms and bathrooms, it can be worthwhile to build another floor, but check the arithmetic first before making a decision.
Choosing to add a sunroom over a patio or deck
A sunroom or three-season room might be one of the selling points for a prospective buyer. They are more prone to see it as unused space or to consider the expense of getting rid of it. Instead, construct a patio or deck and build a temporary fence to shield you from the weather and insects.
A sale could be ruined by the “Latest and Greatest” in kitchenware
Kitchens sell homes, as any real estate salesperson will tell you. You will be in good condition if your island is well-equipped and has a traditional quartz surface. But if you add the most cutting-edge high-end appliances and finishes, a prospective buyer who doesn’t cook might find it difficult to keep up with.
Again, if you are renovating for your personal need, then include that fantastic refrigerator and stove. Consider sticking with traditional expansions if you’re only remodeling to increase the value of your house.