×
Menu
Search

Subtraction by Addition

Thinking about doing a large remodel or addition?  Are you justifying the expense with the belief that you’ll get that money right back out of the house when you sell it?  Be careful.  You might just discover you’re losing money – subtraction by addition.

There are many inexpensive fixes, updates, repairs, etc. you can do to your home and expect to get your money back after selling your house.  The key in today’s economy is fixing what you already have rather than adding.  Of course home buyers love more space, but that sunroom addition or garage addition may not equate to the return you are expecting down the road.

Anytime you add onto a home, increasing the footprint of the structure, you should see dollar signs flashing before your eyes, and I don’t mean money going into your pocket.  Think about your reasoning for the addition.  Is this something your family needs?  Do you only have one bathroom for your family of five?  That expense might be justifiable.  But is a new master suite built off the back of the house a good decision?  How long are you going to be around to enjoy the new space?  Over-improving compared to the rest of the neighborhood is another recipe for diminishing returns.

READ MORE ARTICLES

FROM OUR BLOG
How to Sell a Home During a Divorce Without Added Conflict

How to Sell a Home During a Divorce Without Added Conflict

Divorce is one of life’s most challenging transitions, involving many emotional and…

Read More
Why Working with a Realtor Who Understands Divorce Makes a Difference

Why Working with a Realtor Who Understands Divorce Makes a Difference

Divorce is often a challenging and emotional process, filled with decisions that…

Read More
Selling a Home During Divorce: How to Get the Best Price in Today’s Market

Selling a Home During Divorce: How to Get the Best Price in Today’s Market

Divorce is one of life’s most challenging experiences. Among the many decisions…

Read More

the jana caudill team
has sold more real estate in
nwi than any other realtor!

work with us

The Jana Caudill Team delivers unparalleled service to all of our clients with honest representation, communication, attention to detail, and results. Reaching your goals is our number one priority.

Selling a Home During Divorce: How to Get the Best Price in Today’s Market