Spring is around the corner and many people are thinking about a home addition or remodel. I am often asked my opinion about whether an improvement will make a house more valuable and/or more marketable. My standard suggestion is to make the improvement if you can afford it and plan on staying in your home long enough to enjoy it. Then, the improvement will be worth it to YOU, whether or not it adds monetary value to your home.
Trulia recently surveyed homebuyers on features that would make them fall in love with a home. No surprise that the most popular features differ ed by gender.
What women love (more than men):
- Master Baths
- Walk in Closets
- Gourmet Kitchens
Favorites men love (more than women):
- Pre-Wiring for Entertainment System
- Hot tub
What this means for you: The improvements mentioned above will make your home more appealing to buyers. Does it mean they will make your home worth more money? Possibly, but there are no guarantees. Improvements should be made because they will make living in your home more enjoyable. If you are considering selling a home with these improvements, they should be highlighted in all of your marketing. Which features are important to you?