Hello Paige and thanks for your question.
This is a tremendously good question, and here's my personal recommendation. Given the current market, I would recommend saving your money and not remodeling the home. Here's why:
1. Contrary to popular belief, remodeling does not add much value to your home. Remodeling can help the home sell faster in a 'regular" market, but does not increase its value. In today's market, however, and even in our neighborhood, "price" rather than amenity or appearance is the leading factor for a quick sale.
2. Freshening up the home (paint, a thorough cleaning, some designer amenities) can work wonders to make the home feel "new" and, most importantly, clean.
3. Despite all your efforts, the new HVCC ruled appraisals (Home Valuation Code of Conduct) does not take into consideration the fact that your home is more aesthetically pleasing than the short sales in our area or the REO on the other side of Fremont Avenue. As a result, the extra money that you put into the home--while attracting a buyer--may never be regained in the sale.
Since you live just around the corner from my home (and I do mean "just" because I'm off Cascade too), I'd be happy to look at your home and give you an honest opinion about the sales price and recommendations for improvements. I'll be around on Sunday if you want to get together. Let me know. Also, if you email me directly, I can forward to you recent comparables for your review. Depending on whether you live between Bernardo and Homestead on Cascade or Homestead and Hollenbeck on Cascade, I can narrow down the information for you to an even finer degree.
Grace Morioka, SRES, e-Pro
Area Pro Realty
Tel (408) 426-1616
Web Reference: http://gracemorioka.areaprorealty.com