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Denver Home Upgrades That Won’t Pay You Back

Written by Posted On Monday, 07 November 2016 18:59

Denver homeowners remodel for many different reasons and may justify the expense as an “investment” that will be returned when the house is sold. This, however, does not always come to pass, especially if you do an “over-the-top” remodel.

If you’re planning a Denver home renovation or addition, here are the six projects that generally have the lowest return on investment when the home is sold.

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Home Office – Studies show that a home office remodel has the lowest resale value of any project. The average cost for this upgrade is $28,888, but only 45.8 percent of that figure will be returned when the house sells.

If you do create office space in your home, make sure it can be easily changed back into a bedroom, den, or whatever else the space was used for. When selling, don’t call it an office; name it a den, study, or hobby room so potential buyers will see more possibilities in the space.

Generators – A high-quality back-up generator system can cost as much as $14,718 but returns only 48.5 percent of that amount at resale. Since not every Denver homebuyer will see the generator as a valuable option, go with a less expensive model that will meet your needs.

Adding a Sunroom – While this can be a way to add space to your home, it will take a huge bite out of your wallet. Sunroom additions on average cost $75,224 and return about 48.6 percent of cost when the home is sold. Do this only if it really improves the overall space and attractiveness of the home.

Adding a Bathroom – Expect to hand over about $21,695 to add a moderately equipped bathroom to your home and $40,710 for something more upscale. When you sell your Denver home, you’ll recover about 53 percent of either project. Most buyers don’t feel another bathroom is worth adding $20,000 to their offer. If you can reconfigure your existing space to add that second bathroom you’ll pay less and possibly recover more.

Garage Rebuild – A new detached two-car garage with lots of special amenities can set you back $90,053 and will return about 53.6 percent at resale. Most buyers will not really care about having a decked-out garage and so will not want to pay extra for it.

If you really feel that your home will benefit from a remodel—or if you just want to enjoy your home more—then go ahead. Just remember that not all renovations are equal in what they will return to you when you sell.

Let the Bandy team show you other ways to prepare your home and sell it quickly! We will guide you through all phases of the home buying and home selling process in Denver.  We can also help you with home staging tips to help you get started. Our home purchasing experts can also help with buying a home in the Lowry area of Denver real estate in Cherry Creekor any of the other fine communities surrounding Denver  We are here to help you find your dream home and will guide you every step of the way!

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Until next time,

Marianne Bandy, Team Leader

The Bandy Team

 Keller Williams Park Meadows

BandyTeam.com - Denver Real Estate & Homes  



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Marianne Bandy

Marianne is a professional LDS Realtor in Denver with outstanding integrity, who takes the time to understand your specific housing and family needs. She is the team leader of one of the top selling Real Estate Teams in her broker's office. She understands that a big part of your family's happiness depends on the home and community where you live.  LDS Realtor in Denver Colorado

One of Marianne’s greatest passions is helping people with their Real Estate transactions, typically one of the largest financial transactions they will undertake. Marianne is the listing agent for the team but also loves working with Latter Day Saint home buyers as well.  Marianne uses her expertise and market knowledge so that her clients get the most accurate and up to date information possible. Marianne has a breadth of experience working with clients through all aspects of closing on a home. When listing homes for sale, this includes readying the home for sale, developing a marketing strategy, getting feedback on showings, negotiating inspection items,  and many other details that lead up to a successful closing. 

Marianne is excellent at contract negotiations and looking out for the best interests of her clients. She has obtained the Certified Negotiation Expert (CNE) certification. When helping Buyers, she loves the feeling of helping families connect with the right home in the right community. She also has knowledge of ward and stake boundaries, meeting house locations,  youth programs, drive time to the LDS Denver temple, and seminary locations for your high school children. 

If you’re looking for solid results and a WOW! experience, then call Marianne and put her to work for you. In the last two years, the Bandy Team sold 125 homes.  The Bandy Team has the experience and proven systems you need to make your transaction as smooth and worry-free as possible. 

The Bandy Team is committed to conducting business with the utmost integrity. The team was formed on the principles of honesty and loyalty with clients. Marianne believes in surrounding herself with good people that share her values.  This includes good business partners that can aid in all aspects of a real estate transaction, including home inspections, loans, transaction coordination, home repairs, etc. Marianne and her entire team are committed to the highest levels of customer service for their clients. 

Who you work with Matters!  

LDS Real Estate Agent in Denver Colorado


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