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Will remodeling our home increase it's value?

We are wanting to add an addition to our house, which would include a permanent enclosed sunroom. Would this increase the value and figure into our total square footage? We hope to sell the house and want to improve it so it is more marketable.
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August 24 2012 - Renton
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Best Answer
Here's a link to Remodeling Magazines Cost vs Value Report.  You'll notice that only improvement that actually comes close to adding value is a metal front door.
Have some Realtors walk through your home and describe to you the improvements that they would recommend that you make.  Use the opportunity to interview them to see who might work best with you to list your home.
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August 24 2012
A bad remodel will decrease the value of a house.  A bad remodel includes creating a bad floor plan, having low quality work or materials/colors most people don't like.
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March 04
Do not do remodels to increase value. You will surely lose money.  they may not even be to the buyer's taste.  However, any seriously outdated or bad condition spots, especially kitchen and bathroom, can benefit from some judicious creative help, such as painting cabinets, new countertops if they are ugly and damaged, new flooring.  Especially if you can do the work yourself, at least painting maybe.  

I don't know about where you live. but sunrooms here are never popular or appreciated.
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March 04
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Of course remodeling and adding on adds value.  There's no doubt about that.
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March 04
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March 04
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Every market is different.  Don't expect to get all of your investment back right away though.  Also be particularly careful when adding extra square footage and you are not overbuilding the neighborhood.  [Hotlink removed by Zillow moderator. Please see our Good Neighbor Policy for information.]

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March 03
In our opinion, if you have an area of the home that is in poor condition like the bath or kitchen, this can have a very negative impact on the value of the home in a buyers mind.  Some sellers recognize this and are willing to make a concession to potential buyers.  Some buyers will look at these and consider whether or not they want to buy a home and then have to live through a major remodel.  We recommend that you take care of these areas before listing so that it is not a stumbling block to a potential sale.  You do not have to go to the extreme with selection of materials and features, but it should be modern, clean and fresh.
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September 08 2012
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Thank you for all the advice. We are weighing our options and determining how long we plan to stay in the house. Thanks again!
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August 30 2012
Hi,

All previous posts sound like good advice. Addition and desires are subjective and may not provide a good investment. I suggest to save the money and use it for your new down payment after you reduce clutter and make sure home is presentable at all times and clean! Good luck!
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August 30 2012
Listen to Sonny and Fort Lauderdale
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August 30 2012
Each market varies. I usually suggest improvements focusing on bathrooms and kitchen. Not everyone desires more square footage in today's market. Focus on clean, birght and clutter free.
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August 28 2012
Profile picture for amsbatonrouge
Projects that add value:
kitchen
bathroom
windows
exterior siding
flooring
structural additions
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August 28 2012
Profile picture for tommy willoughby
paint the exterior & interior fresh paint job.. help more than anything... put a  beige like china doll through out interior go over all the trim door,baseboard's etc... new owner see's he aint got to paint for 8 to 10 yrs.. cheapiest investment you can do....
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August 24 2012
We do not recommend making improvements solely based on resale value. In this market you will not make everything back on your return.
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August 24 2012
Profile picture for sunnyview
I would say no in this market. Most improvements do not return anywhere close to 100% value. In a softer/mixed market price is the main thing that is selling homes so you would probably be better off focusing smaller amounts on projects that will make your home look fresh and updated like paint, new light fixtures, new vanity cab sink in the master, new door hardware or the like.
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August 24 2012
 
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