Excited about your home makeover…Homeowners often assume that spending $25,000 on a new kitchen will raise the value of their house by $25,000. But that’s rarely the case, home-improvement projects often are not worth the price in a resale situation.
The renovations most likely to raise a home’s value? A fresh coat of paint in neutral colors, new fixtures and trim boards are often best and “green” renovations that pay the homeowner back in lower utility bills.
Before taking on a big renovation project have your property appraised as is and subject to the renovations being complete so you know where you stand before spending thousand.