These room updates will give you the most enjoyment for your effort.
If money was no object, we would love to remodel our entire home, but many of us have to pick and choose which remodeling projects we tackle. Certain rooms are used more often and can greatly effect your home price.
The following rooms and spaces are the most important to update for many reasons. Either they are used a lot or they can greatly affect the price of your home and its ability to sell quickly.
KITCHEN: This room is the heart of the home and from an investment standpoint, it’s the most important room to do and one that potentially can recoup a chunk of the costs. A major overhaul (new cabinets, floors, counters and appliances) may get you back about 68 percent of your investment, but if your space needs just a minor remodel (refinishing cabinets, paint and counters), expect about a 72 percent return on your investment. Kitchens need to be updated if you have plans to sell.
BATHROOM: It’s a potentially expensive room to repair, but it’s another one that is important to have updated and in great condition. Kitchens and bathrooms are what buyers want, if you are considering placing your house on the market in the near future.
Other areas of your home that are important and worth updating include outdoor spaces like decks and patios, updated exterior (siding or paint) and new, working and efficient windows and doors. These areas affect your home’s curb appeal. Updating your home is a great way to attract buyers or make your home look brand new.
The Minnesota Association of REALTORS® is the largest professional trade association in the state with more than 17,000 members who are active in all aspects of the real estate industry.