Home Renovations-Returns on Investment

Many of my clients have been asking me about renovations and updates in their homes and the return in home value. Keep in mind a few important points. If you add bedrooms, baths, garage stalls and additional finished square feet, you will add value to your home. If you are going to repaint, recarpet, add new stainless steel appliances, etc. you will not necessarily add "more value" to your home. You should consider updates as maintenance on your home...just like changing the tires or oil change on a car. Updates will help maintain the value of your home and help it sell FASTER down the road, but not necessarily for more money. I have articles available which discuss this in more detail. Feel free to contact me for copies of these.