
Bigger isn’t always better. When it’s time to sell a house, that fancy home office or new marble bathtub won’t necessarily pay off that much and typically, any over the top improvements probably won’t fetch top dollar.
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So says a list of the “5 worst home updates” at FrontDoor.com.
“Considering all the blood, sweat and tears (not to mention money) it takes to make your dream renovation a reality, you’d expect to be handsomely rewarded with a boost in your home’s value,” writes Kara Wahlgren. “Unfortunately, not every remodeling project will bring a handsome return on investment — and some might even repel future buyers.”
She writes: “Maybe your recent trip to Tuscany inspired you to convert your basement into a wine cellar. Or you’ve always dreamed of replacing your boring front door with a working drawbridge. Or your kids convinced you to install a fireman’s pole between floors. Whatever your pet project may be, don’t expect every potential buyer to share your enthusiasm.”
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But, she notes, “If you’re not planning to sell anytime soon, and a new koi pond just screams ‘home sweet home’ to you, go ahead and break out the toolbox.”
Read more HERE.
Agree? Disagree? Do you have any upgrade tales to share with readers? Let us know!
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Latest on homes on the market:
HI Marilyn
HomeGain recently surveyed about 1000 Realtors and asked them what were the most cost effective home improvements that provide the best return on investment when selling a home.
Yyou can try the Homegain HomeSaleMaximizer tool for a customized assessment. http://www.homegain.com/sellertools
or check out the blog post/press release here http://www.homegain.com/sellertools
Apologies-here is the link to the blog post/press release http://www.homegain.com/press_center/press_releases/show_release?pr_year=2009&pr=2009_11_05