No 2: Master suite addition
Typical cost: $112,500; 53% recouped at resale
Remember those McMansions of the 1990s? "New buyers are turned off by that," Knoll says. To millennials, a large house just means a lot of space they have to fill and more money they have to spend on furniture, he says.
And the same goes for huge master suites, says Knoll. Instead of square footage, "many buyers are looking for some luxury," he says.
In that vein, some popular features include: built-ins, closet organizers, accent walls with wood paneling or tile, and coffered ceilings, says Knoll.
Also hot: Lighting sconces. "It's the little touches," he says.
But older generations, especially the ones with money to spend, want more room. "The grander, the better," says Fichelson.
And size matters. "People want a big bedroom, and they want it connected to a big bathroom," he says.
Data source: "2015 Remodeling Impact Report" by the National Association of the Remodeling Industry and the National Association of Realtors
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