How to Increase Your Home's Value

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Real Estate

How to Increase Your Home's Value

If you own a home, you know how important it is to keep the interior and exterior updated. Whether you enjoy having a home that is ascetically pleasing to the eye or if you plan to sell one day, it is important to stay on top of home renovations. Just like when purchasing a car or other large ticket items, you should always do your research to make sure you are making a smart investment. Listed below are projects and project costs (average cost recouped, national) according to Realtor Magazine:

Minor kitchen remodel (88%)
(i.e. countertops, sink, refinish cabinets, cabinet hardware, etc...)

Bathroom remodel (85%)

Major kitchen remodel (81%)
(i.e. cabinets, overall floor plan, appliances, etc...)

Family room addition (80%)

Deck addition (77%)

Master suite (75%)

Attic bedroom (74%)

Siding replacement (73%)

Window replacement (69%)

Home office (55%)

Projects that may increase your home’s value include: Jacuzzi (4 jets or more); permanent hot tub; in-ground pool; security system; sprinkler system; substantial out buildings; and vaulted ceilings.

The following may not add value to your house: above-ground pool; ceiling fans; garden pond; and light fixtures.

No matter what room is remodeled, how much it will cost, or how long the project will take, there are a few things to always keep in mind: consider mass appeal, keep the value of your property within 15-20 percent of your neighbors', and always use quality, durable materials.

Happy remodeling!