How to Increase Your Home's Value
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 out buildings; and vaulted ceilings. These may not add value to your house: above-ground pool; ceiling fans; garden pond; and light fixtures.
l Remodel with mass appeal in mind. Such as keeping colors neutral.
l Use durable, quality materials. Quality indicates the condition of a home in a buyers eyes.
l Keep the value of your property within 15 to 20 percent of your neighbors’. Location is the #1 criteria to determine value. If you over update you lower your rate of return.