By Colleen Kane, CNBC.com
Read More »from Home Improvements that Add the Most Value
Projects geared toward the homeowner's particular tastes, like the addition of a home music studio, have the least positive effect on asking price. Some home renovations pay off at a much better rate than others, according to a report from ISoldMyHouse.com, a for-sale-by-owner website.
"Projects geared toward the homeowner's particular tastes, like the addition of a home music studio, have the least positive effect on asking price," says Owen Gilman, President of ISoldMyHouse.com. "Projects that most anyone can appreciate, such as a revamped bathroom, tend to boost sales price the most."
Bryan Laing, director of brand strategy at the marketing firm Crack, invested $100,000 revamping his 1928 bungalow in Portland, Ore. last year. "The sexy stuff," says Laing, was the new kitchen, bathroom, refinished hardwood floors, repainted interior, new patio and landscaping.
The upgrades also covered some "not as sexy, functional stuff," like new siding and exterior paint, a new roof, and updated windows, insulation, plumbing and furnace.
Laing purchased the house for $270,000 in 2009, and he reports it was