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Unless you’re planning on putting your home on the market immediately, you should always choose a home renovation project based on what your family will enjoy the most. However, some additions or changes will add more value to your property than other choices. Although you will probably enjoy an in-ground pool immensely, this option usually adds the least amount to your home’s value although it can cost $10,000 or more. In some areas, a pool is almost a requirement, but it can actually decrease the marketability of your home in others.
Most experts agree that upgrading your kitchen or adding a new bathroom can deliver the best return on your investment in addition to years of enjoyment for your family. Carefully plan this project to make sure you don’t overshoot your budget while including the modern conveniences that you will use the most. Many new kitchens feature warming ovens, mar-free countertops, dual stovetops, and decorative tiles. For the bathroom, consider adding a bidet, a whirlpool tub, towel warmers, and maybe even a heated floor.
If you have unused space like a room above the garage or an unfinished basement or attic, this is the perfect way to increase your square footage without breaking the bank. With a little sheetrock, some flooring, and a fresh coat of paint, these areas can be turned into the perfect game room, home theater, or private retreat. By planning carefully, your family will enjoy this addition and you can recover most of the expenses when you sell your home.