Is 2007 the year you have been planning to finally do your home remodeling?
If it is, remember that it is not about how much you spend, it’s how you spend it. As with any investment, you should do all the research you can before starting on a remodeling project of any size. I’ll start you off by pointing you in the right direction of what’s HOT and what’s NOT right now in the real estate market. This is based on research I did conducted by the National Association of Realtors. Before reading this article, you might want to look back on a remodeling project Jane May did a few years back. She also pointed out some “do’s and don’ts” of home remodeling.
This analysis is based on the effects of certain remodeling projects on residential property values these days.
Here’s what’s HOT:
- Central air-conditioning and fireplaces
- Eat-in kitchens
- Utility rooms
- In-ground swimming pools
Here’s what’s NOT:
- Dining rooms
- Dens or studies
- Intercom systems
- Above-ground swimming pools
- Home offices
- Kitchen pantries
- In-law suites
Good thing I chose the right thing to remodel when I put in my fireplace last year!
Keep in mind that what buyers look for today is not necessarily what they will look for tomorrow so find a balance between what would make you happy in your home with getting the most value out of spending your hard earned money on a remodel.
Here are some tips from the experts on which features to consider and which to avoid:
The SMART Money Gravitates Towards:
- Granite countertops
- New Carpets
- Pull-out kitchen faucet
- Body-spray showerheads (Good work on this one Jane)
- Garage storage systems
The NOT-SO-SMART Money Goes Toward:
- Wet bars
- Concrete countertops
- Structured wiring
Looking to buy instead of remodeling? Check out hot homes for sale Colorado Springs. Here you can learn about Colorado property regulations and the different brackets. Many areas and neighborhoods are up and coming so now is the time to purchase Colorado homes. Use this helpful Colorado home finder to pinpoint locations and property ladders. Look into Colorado homes up for sale that were seized from the original owners.