How to Increase Your Home's Value

Real Estate

How to Increase Your Home's Value

I get asked this question all of the time: How do I increase the value of my home? Your home is your investment for your future and your wealth not only builds with the increase in market values, but with your help through selecting the best improvements to keep your home updated.  Here are the project (average cost recouped, national) according to Realtor Magazine:

Minor kitchen remodel (88%)

Bathroom remodel (85%)

Major kitchen remodel (81%)

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 outbuildings; and vaulted ceilings. These may not add value to your house: above-ground pool; ceiling fans; garden pond; and light fixtures.

Here are some great guidelines to keep in mind when you are looking to make some improvements: 

*Remodel with mass appeal in mind - This means make it what's trending with the masses and not specific to just your tastes. 

*Use durable, quality materials - Saving money is great, but sometimes, you get what you pay for. 

*Keep the value of your property within 15 to 20 percent of your neighbors’ - You never want to over-improve your house because if an appraiser cannot find similar recent sales in your neighborhood, they cannot credit you with that much value for your property.  

 

I am happy to meet up and chat at any time about what improvements would make the most sense for your particular home.  Click the link if you would like a FREE market analysis.