Estimating Home Improvements Value for Resale Decisions
A UPI report examines how homeowners should judge remodeling projects. Experts note three values: owner cost, resale worth, and lender appraisal. Returns vary by project such as kitchens or extra baths, with baths often yielding high recovery percentages.
MENTIONED IN THIS ARTICLE
New York
UPI
John L. Domeler
Oak Park Federal Savings and Loan Association
Chicago
Home improvements vary in value to buyers and lenders
Real estate expert Demeier notes buyers often overvalue improvements while appraisers assess market value. He outlines cost ranges and potential recapture for updates such as baths, bedrooms, garages, kitchens, recreation rooms, and landscaping, stressing market value over individual worth.
MENTIONED IN THIS ARTICLE
Demeier
Decor Score: Home Design Tips for Kids Rooms and Small Spaces
A reader asks how to start color coordination for kids rooms and how to improve a piano setup in a living area. Tips cover coordinating wallpaper with fabrics, window treatments, and using panels or woods to conceal backs of pianos. Advice also includes practical apartment layouts and lighting considerations for small city rentals.
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