If you’re planning to selling your home within the next year or so, you’ve probably already started thinking about the best ways to increase its value. Unless you’re an experienced home flipper or contractor, it can be tricky to know which projects are financially worthwhile and which simply aren’t. To save you time, money, and a ton of hassle, here are three over-the-top home improvement projects that just aren’t worth it and what you can do instead.
Replacing Old Cabinets
Depending on the kind of cabinet material you choose, you could be looking at an estimate anywhere between $1,000 to over $9,000 to completely replace your kitchen cabinets.
As an alternative to completely re-doing your cabinets, you might consider sanding them down and re-staining or painting them yourself to create an upgraded appearance.
Extensive Master Bathroom Remodel
Sure, there are plenty of homeowners dreaming of a spa-like master bathroom, but with a bathroom remodel averaging anywhere from $5,000 to over $14,000, it’s probably not worth it for resale value alone.
Instead of dropping thousands of dollars into a complete overhaul, consider some smaller upgrades that can still significantly boost your value. You can give your bathroom a much-needed uplift by simply replacing old sink fixtures, re-caulking the tub and shower, or adding in a stylish backsplash.
Adding a Room
The national average for building an additional room on your home is $42,000. Even with the added square footage, there’s no guarantee it will add much (or any!) resale value to your home. How badly do you need that extra space?
A worthwhile alternative might be removing or adding a wall to create more space or another room without increasing the square footage. Another option is to add a deck, which typically costs only around $6,000, adds desirable outdoor entertaining space, and has been shown to positively affect home values.
With so many home improvement options, it can be tough to decide which ones are best for adding resale value to your property. That’s why it’s so important to work with an experienced agent to prepare and sell your home. If you’re considering selling a property, or simply want to chat about your real estate improvement plans, give us a call or schedule your appointment online now.