Improvements that may add to resale value

A few improvements that may, and some that may not, add value to your home when it comes time to sell.

home improvementsKitchens:
Just a few basic improvements to your kitchen can pay large dividends. For many buyers, the kitchen is the heart of the home. Painting, wallpapering, and even new flooring the room can pay off in selling. Consider sanding, staining or painting older-looking cabinets. Replacing older cabinet hardware is a lower cost improvement that can make a big difference. However, be sure to go with a classic design and use higher quality materials. The mid-range kitchen overhaul nationally recouped about 79% of its cost and an upscale makeover recouped about 80% of its value.

Creating New Space
Generally, improvements that increase the “useful” space of a home hold their value longer than ones that just make a house look better. It is also cheaper than adding an addition to your home. Converting an attic into a bedroom usually costs an average of $35,000 and returns around 83% of the cost to do so. Turning your basement into a room for can also cost an average of $47,000 and allow you to recoup about 76% of the costs.

An Extra Bathroom
Adding an extra bathroom with many upgrades such as marble vanity tops, molded sinks, and bathtubs with ceramic tile usually pays for itself. At an average cost of $21,000, a full bath can recover around 86% of its cost.

Decks
Installing a new deck may be the most cost effective way to add useable space to your house. Of any outdoor home improvements except perhaps painting, it can be the most reliable value to recover. Decks average $7,000 and generally recover about 87% of their value.

New Windows
Replacing 10 regular sized windows might cost about $10,000, and might recover almost 85% of its costs during resale. A good window change, as long as they are fairly standard windows, typically makes money back. Any extraordinary customizing and you might be throwing money away

Swimming Pools
It’s commonly known that swimming pools have no great resale value. The main reason pools turn off some prospective buyers is that they require more upkeep. Also, fear of liability is another problem. Pool accidents could be a way to end up the subject of a negligence suit. Many people are afraid of any responsibility.

Manicured Gardens
Fancy gardens, that require time and money, usually will not add value to the property or asking price. Landscaping is usually for one’s own enjoyment. It may be a large investment, but it will not add great value to your home. The same is true for expensive fences and stone walls. They may look nice, but buyers do not want to pay for them.

Basic Improvements
It may not be all the most enjoyable to do, but basic improvements may have the greatest return on your home’s overall value. You could have a fantastic kitchen, but if your roof is leaking, it doesn’t do any good to your home’s sell ability. If you are considering putting your house on the market in the next year, tackle the home’s basic problems such as structure or mechanical systems before you install a new hot tub, new kitchen cabinets, or imported marble tile.

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