Not all Boston condo for sale remodeling projects are created equal – especially when you’re trying to get the biggest bang for your buck when it comes time to sell your Boston downtown condo. So before you spend thousands of dollars on that Boston midtown condo remodeling project you’ve been dreaming about, make sure that you’re armed with the facts first.
Today, we’re going to tell you which of the most common home renovation projects are worth the investment, and which ones you’re better off doing without. The answers may surprise you.
Kitchens: A Sound Investment or Not?
The consensus is unanimous: Kitchen remodels are an excellent way to spend your home renovation dollars on a Boston condo for sale – but only if you don’t spend too much out the gate. In fact, minor kitchen remodels (in the ballpark of $15,000 or less) returned 92.9 percent of the investment. That number dropped off on bigger remodeling projects in the kitchen.
Some features to focus on in the kitchen of your Charles River Park condo for sale would include all wood cabinets, commercial-looking appliances, stone floors and stone counter tops.
How About Bathrooms?
Bathrooms are also a fantastic place to invest your home remodeling dollars. Often, Beacon Hill condo owners are pleasantly surprised to discover that they get a 100 percent plus return on their investment. For instance, a $9,400 bathroom remodel in Baltimore recently recouped 182 percent of its cost at resale.
Some features that you may want to focus on during a bathroom remodel for your Boston midtown condo for sale would include floor-to-ceiling steam showers and walk-in showers.
Just a Few More General Notes About Home Remodels
Regardless of what type of project you select, remember that the following factors will also help determine your return on investment:
- The Value of Your Boston condo for sale
- The Value of the Homes in Your Neighborhood
- The Housing Market You’re Located In
- How Soon You Sell Your Home After the Home Improvement Project
- The Quality of the Home Improvement Project