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Janice Bokor's Blog

By Janice Bokor Top Producer | Agent in 19103

JANICE BOKOR PRUDENTIAL FOX & ROACH PRO ATHLETE/CORPORATE RELOCATION SPECIALIST GREATER PHILADELPHIA PA & NJ REAL ESTATE


THINK LIFESTYLE, THINK JANICE BOKOR AT PRUDENTIAL FOX & ROACH, FEATURING THE FINEST PA & NJ HISTORIC STONE FARMHOUSES,EQUESTRIAN PROPERTIES, CONDOS AND LUXURY ESTATE HOMES TO STARTER HOMES, COTTAGES, TOWNHOUSES AND MID-PRICED MOVE-UP HOMES, PHILADELPHIA INFO, PHILADELPHIA FORECLOSURES

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BIGGEST MISTAKE

It is important to note the typical cost vs. return in a recreation room. According to appraisal expert, Leslie Sellers, president of the Appraisal Institute, homeowners should recognize that a rec room is a secondary space, and when it comes time to sell, there is not a great amount of value added to the space just by having high-end detailing and amenities.

The trick is to try to not over-improve the space. A standard finish is acceptable in a room that is designed to be turned into just about anything. For a potential buyer to see the rec room as livable, basic finishes and a clean look turn more heads that a decorative chandelier or hand-carved exotic wooden trim.







EXPERT TIPS

  • On a Budget: Are you looking to add more pizazz to an empty bonus space without blowing your budget? Your best bet is to develop a wish list. Decide which activities you want the space to accommodate, and then work through the list to identify your priorities. This will help keep add-ons to a minimum in order to maximize space and keep your goal in sight without stretching your budget.
  • Mid-Range: Do you like the idea of having a multi-functioning room but a full cinematic experience or a decked-out arcade just aren't in your budget or fitting for the available square footage? Try turning up the notch on design. Use your personal style to jazz up the space with color and accessories and look for multi-functional pieces that help you organize and store clutter like games, movies and books.

    It won't matter if you don't have the 60-inch flat screen with surround sound or the most expensive pool table; design and functionality can play a big part in turning a basic space into a more inviting and enjoyable place to hang out with family and friends.

  • High-End: As is true with basement construction, a rec room and its possibilities are practically limitless as long as you have the means to accommodate the items on your wish list. Everything from pool tables, home theaters, game tables and comfy furniture are great pieces to add to a rec space. Higher end materials can also offer a polished look and give the room a more custom feel. These items, like lighting, built-ins and hardwood flooring can give your rec room the extra touch to take it from standard to exceptional.



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Get The Most Bang For Your Money Big Ticket Upgrade Project: Recreation Room

Recreation rooms are a great bonus space for entertaining and household fun. Perfect for kids, adults or the whole family, a rec room can be tailored to your personal enjoyment.

Whether it's a comfy spot to cozy up and watch a movie, an open space to play games or even a personal library, recreation rooms are meant to store all of your fun activities and can help a potential buyer see the house as a home and a livable, enjoyable space.

CURRENT TRENDS

  • Separate access to the space. Recreation rooms that have separate access, such as a staircase from the kitchen or living room, are becoming increasingly popular for homeowners who want to entertain, but don't want company walking through the entire home to get there. Being able to have the rec room set a part from more personal areas of the home can allow for entertaining as well as family time in a way that doesn't intrude on other parts of the home.

HTTP://WWW.JANICEBOKORHOMES.COM

MOBILE: 516-637-9621

Comments

By Monir Mamoun,  Sat Oct 16 2010, 19:08
Hi Janice, best bet to improve value retained is to fix up kitchens and bathrooms. Rec rooms are not high on the investment-recovery list. You will basically be lucky to get 75% of your money out. Kitchens and bathrooms are usually close to 100% recovery if they are dilapidated and brought up to basic standards.
By David & Samuel Rifkin,  Tue Feb 5 2013, 06:53
Thank you very much for this great information.
-David

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