If youâ€™re planning on selling your home within the next year or so, youâ€™ve probably already started thinking about the best ways to increase its value. But if youâ€™re not an experienced home flipper or contractor, it can be tricky to know which projects are worth it and which simply arenâ€™t.
To save you time and money (and a lot of hassle), here are some home improvement projects that just arenâ€™t worth it (and what you can do instead).
Replacing Old Cabinets
Depending on what 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. Materials like laminate are certainly less expensive, but prices on real wood can quickly skyrocket.
As an alternative to completely re-doing your cabinets, you might consider sanding them down and re-staining them yourself (or painting, if theyâ€™re laminate) to give them 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, itâ€™s probably not worth it.
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 simply by replacing old sink fixtures, re-caulking the tub and shower, or adding in a stylish backsplash.
Adding on a Room
The national average for building an additional room on to your home is $42,000. And even with the added square footage, thereâ€™s no guarantee it will add much (or any!) resale value to your home. How badly do you need that extra room?
A more 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 and adds desirable outdoor entertaining space (which has been shown to positively affect home values).
Get More Money From Your Home Sale
With so many home improvement options, it can be tough to decide which ones are best for adding resale value to your property. Thatâ€™s why itâ€™s so important to work with an experienced Realtor to sell your home.
If youâ€™re interested in selling your home, or simply want to chat about your real estate plans, please donâ€™t hesitate to give us a call. We would love to assist you in making your real estate goals a reality.