It's the magic phrase uttered by almost anyone who's ever considered the cost of home remodeling: "We'll get it back when we sell."
For example:
• Steel front door: Good.
• Master suite addition: Bad.
Every year, Remodeling magazine looks at the hottest home upgrades and renovations and calculates just how much owners get back with they sell. Upkeep is more popular than upgrades these days, says Sal Alfano, editorial director for Remodeling. These are the projects that often recoup the biggest slice of expenses at resale. But prices and returns do vary regionally, he says.
The six home improvements that rank dead last nationally when it comes to getting renovation dollars back at resale.
1. Home Office Remodel
2. Backup Power Generator
3. Sun-room Addition
4. Upscale Master Suite Addition
5. Bathroom Addition – Note: Additions Usually cost more than reconfiguring existing space.
6. Upscale Garage Addition – Try cleaning out the garage and opt for more organization
Homeowners: Choose your home improvement projects wisely. Upkeep and maintenance should be at the forefront of all home improvement projects. Discuss your home improvement project with a licensed home improvement professional.
To read more on the "six worst home fixes for the money" click on the following links:
6 Worst Home Fixes for the Money - Yahoo Finance
6 Worst Home Fixes for the Money - Bankrate.com
5 Worst Home Fixes for the Money - ABC2News.com
