How to Increase Your Home's Value

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Real Estate

How to Increase Your Home's Value

When your thinking about home improvement, it's always a good idea to think about the resale value of those improvements.  You'll never recoup 100%, but some improvements add more value than others.

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: 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.

l Use durable, quality materials.

l Keep the value of your property within 15 to 20 percent of your neighbors’.