It is always a good idea to think about the return on investment before deciding on improvements for your Portland home. Sure, there is value in pursuing a project because it will make you happier in your home, but also think about how it will affect your home’s resale value. Some costly projects such as adding a master suite or adding a sunroom may sound like a great idea. However they will often offer a lower return on investment simply because of how costly the project is to undertake. They may not appeal to every buyer, either. A quick chat with a trusted realtor could help you prioritize your projects for your Portland home in terms of return on investment.
Surprisingly, one inexpensive improvement that has a highly effect on your home’s value is installing a new steel front door. First impressions are very important. Other projects that often have a high return on investment are a kitchen remodel, siding replacement, installing a new fireplace, turning an attic into a bedroom, and replacing the windows. Other metro Portland real estate improvement projects that may not a high return are turning a room into a home office or adding a new upscale garage. Choose your projects based on how much longer you plan to stay in your home. If you plan to sell soon, think about investment. If you plan to stay for a while, think about your happiness as well as the investment.