TOM: Improving your home can help you make money when you sell, but not all improvements deliver the best return on that investment. Hi, I’m Tom Kraeutler.
LESLIE: And I’m Leslie Segrete with today’s Money Pit Home Improvement Minute.
TOM: Upgrades to the outside of your house are generally smart investments. Front doors and garage doors deliver especially big returns, sometimes earning you back even more than what you spend.
LESLIE: And we all know that kitchens can make or break a sale, but taking yours from appalling to appealing doesn’t have to break the bank. New countertops and appliances often earn a better rate of return than a full kitchen overhaul.
TOM: But proceed with caution. What you consider an upgrade could deter a potential buyer. Installing a swimming pool or combining two bedrooms into one could make a home less appealing and less valuable.
LESLIE: And never make major improvements without checking nearby comps to be sure you’re not pricing yourself out of your market. I’m Leslie Segrete.
TOM: And I’m Tom Kraeutler. For more Money Pit home improvement tips, visit moneypit.com.