If you are getting ready to sell your Tahoe Keys real estate, you likely are thinking of which improvements need to be made. Before you start redesigning a gourmet kitchen or putting in brand new wood floors, you will want to research which home improvements actually get you the most return on investment. Guess what? It isn’t a fancy new remodel. According to Remodeling Magazine, the 2016 Cost Vs. Value report pointed towards some projects most people wouldn’t think about when getting ready to sell their Tahoe Keys real estate. Read on to see what pays off….and what definitely doesn’t.
1.) Garage Doors. The average cost of a garage door is $1,652 while the resale value is $1,512. This means you recoup 91.5% of the cost when it comes time to sell your home in Tahoe Keys.
2.) Manufactured Stone Veneers. The average cost is $7,519 while the resale value is $6,988. This means you recoup 92.9% at closing time.
3.) Fiberglass attic insulation. The average cost is $1,268 while the resale value is $1,482. This means you recoup 116.9% of the cost when you close on your home for sale in Tahoe Keys. Given that we have some extreme weather in Lake Tahoe during the winter months, I can definitely see the value in the attic insulation.
So what did NOT pay off? A bathroom addition. This may come as a shock for those about to list their Tahoe Keys real estate for sale. The average cost to add this is $42,233 while the resale value was only $23,727. That is only 56.2% of the original cost recouped. So before you go take out a large loan to upgrade your home for sale in Tahoe Keys, start small. Going large may cost your more money that you can’t get back. For more information on this topic, call me at 530-308-4331.
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