dreams come true, but that doesn’t make them the appraiser’s, nor potential buyers’ dream. If remodeling is a must, treat with caution and avoid overspending. In general, the kitchen is the heart of the home, so it will impress potential buyers to have a nice one. However, you will not realize a 100% ROI on a kitchen remodel. No one is telling you to hang on to the plaster or old ceramic sink, but it would be smart to tread with caution.
Take a dip elsewhere.
Before installing an in-ground pool prior to sale in the hope of adding value to your home, think this through. Pools are for homeowners who want to enjoy them — and maintain and service them. They are not a particularly strong draw to home buyers, and don’t have a particularly good ROI. There are some possible exceptions, of course. Do you live in Southern California or Florida? In that case, a pool might very well be an important element for more than a few potential buyers. If you live in a state that experiences real winters, though, an in-ground pool holds less value than in the states where the sun hardly sleeps. Also, many potential buyers view pools as a hazard, especially if they have children or grandchildren who will be in the home with them. They will also be aware of the extra costs attached to the pool for maintenance and water bills.
Adding on.
Room additions are not generally cost-effective for flips, as it takes at least a few years for them to earn a decent ROI. Some of the most expensive projects (a sunroom addition averaged over $72,000 nationwide) provide the lowest returns.
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