Cost vs Value - Which Improvements Are Worth It When Selling?
Cost vs. Value: Which Home Improvements Are Worth It When Selling? Before You Spend Thousands Getting Ready to Sell, Read This As a licensed Realtor and home remodeler in Minnesota, I get this question all the time: “Should I redo the kitchen before selling?” Or: “Will finishing the basement increase my home's value enough to justify the cost?” The answer depends on your home, the local market, your price point — and the type of buyers you're trying to attract. The key is understanding the concept of Cost vs. Value — how much an improvement costs vs. how much it actually adds to your sale price. Why "Cost vs. Value" Is So Important When Selling It's easy to assume that spending $50,000 on a new kitchen automatically adds $50,000 in resale value. But the data — and experience — show otherwise. Some updates return more than others, and most improvements don’t return 100% of what you put in. In fact, the Remodeling Cost vs. Value Report shows that minor ...