Greg Tarasco CD, MBA - Broker - HOME IMPROVEMENTS THAT IMPROVE VALUE

bathroom that comes with a dual-head shower or a spray system are among the most popular expansions that homeowners are now choosing. Expanding your bedroom to add an ensuite bathroom will bring a good ROI, because it gives the buyer the sense of the general area being brand new. Buyers will be willing to pay more if a house has areas, in this case the bedroom, that are completely remodeled and/or expanded and include that sense of newness. Turning your bedroom into a livable master suit decked out with a larger closet and a beautiful bathroom is a great best way to really catch a buyer’s eye, close a deal quickly, and sell your home for more. Keep in mind that if you already have a large master bedroom and sizable ensuite that is old and needs remodeling; it is usually an all or nothing proposition with the ensuite for ROI. The master suite is so important that if it is already remodeled to current trends (good) or simply leave it as is and let the visionaries see the potential.

THE COST OF REMODELING AND EXP G AND EXPANDING

Increasing square footage in your home by adding a new room can be an incredibly expensive project. Although you may recoup some of your investment — anywhere from 50%-83% — the costs of this project can quickly spin wildly out of control. Just turn on any home remodeling TV show; projects that begin off with a $10,000 budget quickly spiral into $35,000 or more when homeowners and contractors run into unexpected issues. Rather than adding whole new areas, reinvent the existing space in your home to save money. Finish a basement, or convert the attic to a bedroom. Many homeowners can also add small apartments in, or over, their garages.

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