Add a Bathroom
If you have an older home with just one bathroom, your money will be well spent adding a second bath. If you have two bathrooms, adding another one is also a great idea. Everyone wants another bathroom! According to a real estate study, adding a bathroom increases the sale price of a home by 8.7%.
Master Bath Remodel
People love a beautiful bathroom, but it’s important to note that if you have only one bathroom, it makes more sense to put in a second bath than to spend money the one bathroom (or the kitchen).If you have more than one bathroom, updating the master bath with stone tile and a bigger shower is a good investment. You can generally get more than 100% of your costs back.
Structure and Function
As exciting as it is to update a kitchen or bathroom, buyers really want to be assured that the less sexy items are sound! They’d rather move into a house with an outdated bathroom than have a leaky roof or moldy basement. Buyers will be much happier spending money on their own kitchen remodel, than a new roof. So, if you take care of the structure and functional items, the buyer will be happier to pay for the pretty stuff after they move in.
Even in homes in the $200,000 range are getting elaborate home theater systems. This is something buyers may not expect to find in your home, but if it’s there, it can be a huge selling point. Many people want a home theater system, so if you already have it installed, that can be a huge bonus. You’ll likely get most of your investment back on a home theater system.
Everyone wants more space, and especially if you’re in a hot real estate market, adding a room can be a huge selling feature. In fact, according to a real estate study, every 1000 square feet you add to your home boosts the sale price by 30%!