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10 home renovations with the best return on investment

If you’re thinking about putting a “for sale” sign in front of your house, you may also have home renovations in mind. It seems logical that replacing outdated features, dingy appliances and worn carpeting should increase the value of your home, but don’t be too sure. Some renovations have a poor return on investment, while others will do little to impress buyers with their own vision for the property.

“Buyers in New York are very picky, and they want what they want,” says Steven Kopstein, a licensed real estate associate broker with Triplemint in New York City. He cautions people not to pour a lot of money into projects that are too personalized.

[Read: 6 Home Renovations to Consider Before Retirement.]

However, that doesn’t mean you shouldn’t make any updates. If you think you’ll be in the home for a while, go ahead and renovate so you can better enjoy the property. Otherwise, if you’re renovating for resale value, focus on these projects that offer the best return on investment.
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[Read: 5 Home Renovations That Pay Off (and 2 That Don’t).]

[Read: 10 Easy Remodeling Projects Every Homeowner Should Tackle Now.]

While these 10 renovations make the most sense from a dollar and cents perspective, every market is different. Kopstein recommends talking to a broker and understanding the expectations of buyers in your area before sinking too much money into a home renovation.

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10 Home Renovations With the Best Return on Investment originally appeared on usnews.com

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