Will This Add Value to My Home? Navigating Renovations with ROI in Mind
By Sharon McNamara & Melissa Wallace, Boston Connect Real Estate
On this rainy Saturday, the Talk Real Estate Roundtable turned its attention to a question that many homeowners are asking: “Will this renovation actually add value to my home?” Whether you're planning to sell in the near future or just want to enjoy your space more, understanding what projects are worth your time and money is key.
Step One: Know the Market
Before picking up a hammer or calling a contractor, it's important to assess where the market stands. Is it a buyer’s market or a seller’s market? What are today’s buyers actually looking for? During the post-COVID boom, many buyers were willing to overlook imperfections just to secure a home. But today, buyers are becoming more particular—and with good reason. When homes cost so much, expectations rise accordingly.
Think Beyond ROI—Think Lifestyle
It’s not just about return on investment. As Sharon shared, one of her clients wanted to build an addition to host holiday gatherings. But after a thoughtful discussion, it became clear that a smaller renovation could meet their needs at a fraction of the cost—without sacrificing their low mortgage rate. Sometimes, the best move isn’t to move at all.
Top Renovation Tips from the Roundtable
Here are a few key takeaways from the episode:
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Start with Structural: Before making aesthetic upgrades, address major systems—roof, windows, siding, septic, heating, and water heater. These are the things that truly impact home value and buyer confidence.
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Match Your Materials: Inconsistencies like mismatched flooring can turn buyers off. Consistency in finishes and materials makes a home feel cohesive and well-maintained.
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Ask Before You Act: Some homeowners dive into projects without consulting a real estate professional, only to find they’ve hurt their resale value. Always reach out to a trusted agent first.
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Pull the Permit: If a project requires one, get it. Not doing so can create legal and financial headaches during the selling process.
A Holistic Approach to Homeownership
At Boston Connect Real Estate, we don’t just sell homes—we help our clients make smart, forward-thinking decisions. Sometimes that means recommending a renovation. Sometimes it means advising against one. And sometimes it means suggesting you stay put and love the home you’re in.
If you’re wondering what renovations make sense for your situation, reach out for a consultation. We’re here to help you make informed decisions, whether you're moving in three months or three years.
