Should You Remodel before Selling?

For the most part, major remodeling will not be cost effective.  In other words, you will probably not make back all of the money you put into it.  The exception may be kitchen remodeling (in the $3000 to $8000 range).  Here you may actually see a “profit” for your efforts.

The next closest would be a bath addition ($10,000 to $12,000) and major kitchen remodeling ($15,000 to $20,000).  Studies have shown that these two may not have a payback of 100%, but they could be close.  Of course, the more you spend, the least likely you will be to make it up in price.  This is especially true if these additional costs put your house way above the average price in your area.  However, if selling your house fast is very important, any remodeling will help.  Home buyers would rather see the home improvements than be told how much potential the home has.

Other remodeling efforts that will probably not bring you a return on your investment:  bath remodeling, family room addition, master bedroom suite, attic bedroom, a new deck, replacing your windows, replacing your siding, and adding a sun room.  If you want to do these things, make sure your going to be in your home long enough to enjoy them.  Otherwise, leave them for the next owner.