August 12th, 2016 12:38 PM by Ron Mastrodonato
Putting in the Right Upgrades Renovations can positively affect your home's value – especially in areas like the kitchen and bathrooms. Although, if your home is over-the-top improved compared with other homes in the neighborhood, it can actually hurt your property's value. Hire an appraiser to prepare a feasibility analysis to help you determine the impact renovations will have on your home's value.
Unless you live in an upscale neighborhood where built-in wine cellars and chef's kitchens are considered normal, you may want to save the money on expensive finishes and go for the more basic options. You should also be sure to keep a record of the repairs and upgrades to show potential buyers that the home has been well-maintained and taken care of.