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Old 10-18-2015, 10:42 PM
 
9 posts, read 6,430 times
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Considering buying a home in Skagit County. Is in a good neighborhood and will appreciate well. I was wondering if there are things I could do to the house that appreciate the value of the home more then the initial cost of the product itself. I have a handful of renovation ideas in mind so allow me to run them past you guys feel no need to input on the ones you don't know about and let me know what you think.
Hardwood or Engineered hardwood floor(Since it can get wet). Full kitchen renovation(Pretty average low end currently) I would buy stainless steel appliances, install tile floors, and new granite counters w/new cabinets. A fence around the backyard(Backyard isn't that large I'd assume roughly 200 ft of fencing. A sauna, and also I am considering having a trilogy fiberglass pool installed with a patio I do know pools narrow pool of potential buyers but I plan on renting out home after couple of years and pool adds a good amount to monthly rent. Home specs: 2100 sq ft, good neighborhood, built in 70's, two floor, two car garage. Main question is does anyone know of things that appreciate home value more then actual cost of product along with installation. ex. if product and installation of hardwood floors is 14k would it appreciate homes value more then 14k? Thanks for your inputs. -Matt
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Old 10-19-2015, 07:47 AM
 
Location: East of Seattle since 1992, 615' Elevation, Zone 8b - originally from SF Bay Area
44,585 posts, read 81,260,275 times
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I would not put expensive, high quality wood flooring in a rental house. Laminate for now, wood before you go to sell.
Saunas and pools are very limited in attracting buyers, most people shy away from the additional maintenance costs, especially in a climate where a pool is only used 2 months of the year. They are both also items that will suffer from neglect when rented out. I doubt that the monthly rent increase from a pool would cover the expense of installation, and most likely repairs when the tenant moves out. The kitchen and fence are both going to add to the value and also the rent, beyond that I think you could be going too far.

Also, keep in mind that the more you add to the value of the home that's permitted, the higher the appraised value, and then higher property taxes.
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