Not every renovation you make in your home will guarantee a return on investment, and very few offer a 100% return.
Things that do NOT significantly increase home value:
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Accent walls,
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Replacing light switches/outlets
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Small repairs
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Adding ceiling fans
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Changing fixtures.
Things that CAN increase home value:
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New windows
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New flooring
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Fresh paint
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Landscaping!
As someone who has personally remodeled a home, has a husband who does some general contracting, and assisted with countless client renovations, I can tell you firsthand what will add value and what doesn't. Remember, your home is primarily a space for you and your family to create memories and find happiness. While it is an investment, let's not lose sight of the fact that it's more than just a financial asset. It's okay to do projects just because you love them! If you're contemplating home improvements, it is important to loop your Realtor in to help you weigh the pros and cons. Ultimately, it comes down to this: how much joy and value will the update bring to your everyday life?
