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Most Requested Home Features Not Best Value
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CNNMoney printed an article today on the most requested home improvement projects and topping the list were, in order of popularity, home office, game room, and a mud room. In terms of best value, these three aren’t the best value. Only home office appears on the list of best valued home improvements (60% return) but it goes to show that people don’t pick what the best dollar return improvement, they pick the one they’ll enjoy the most. (something pointed out in the best value article as what should be driving your improvement decisions anyway)
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Love this article.
People! Stop taking Home Equity Lines for improvements that don’t raise the value of the house.
Buy a house that has those features and enjoy the money someone else lost!
I think the best features of the house are the ones you can’t buy – location. The townhome I’m in now, though gorgeous on the inside, can’t claim those internals as its best features. We are a three minute walk from a library, seven minute walk from a supermarket, and a ten minute walk from a nearby lake and its two and a half mile path around it. You can’t buy those as additions from any contractor I know.