Popular options for your home that increase resale value
If you are planning on selling your home at anytime you may look at doing improvements to increase the resale value. There are many things you can do to help increase the value. Some projects may be more time consuming then others and some will add more value then others. You should look into these popular options for your home that increase resale value.
The most popular option for increasing your home resale value is a kitchen remodel. This would include new cabinets and countertops. When you do a remodel don't just replace the existing cupboards with the same type in a different color. You are looking to increase your cupboard and cabinet spaces. You should look at adding or replacing existing appliances. Get a better dishwasher, refrigerator or oven. You can also add a built in microwave. You will also need to replace floors if the remodel damaged the floors or shows the bare floor. Options for flooring depend on the styles at the time you remodel. Tile, stone and wood floors are popular right now. Make sure to do something that is popular now and not years ago. Your kitchen remodel can be range from minor to extensive. It all depends on what you decide to do and what to replace. The average cost is about 5-35 thousand but the return for the remodel can be up to 81%-88% depending on how big of a remodel was done.
Another popular option to increase your home resale value is a bathroom remodel. This is about the same as the kitchen by replacing countertops and cabinets. Get something more modern to update the look. You can also add another sink but should call in a plumber to help with this. Tile and stone are popular options for flooring in the bathrooms. You should replace all fixtures and resurface tubs or showers. Extras to think about are converting the tub to a Jacuzzi and adding additional shower heads. The bathroom remodel has a price tag of about 5-10 thousand but a return of about 81%.
The third most popular option for increasing your home resale value would be adding or improving a deck. When building a deck make sure to use quality wood and then stain it to match the outside of your home. Make sure to add a good water seal for years of enjoyment. In theory the bigger the deck the bigger your return on the remodel. A deck should run you about 10 thousand and give you a return of about 55%.
If you are looking to undertake a bigger project you could do an addition. These take more time and money but can be beneficial to the resale value of your home. Before adding on make sure that it will still fit into the neighborhood. If all your neighbors have a 3 bedroom 1 bath home increasing your home to 5 bedrooms and 3 baths may not be a great idea. Also think about your tax increase you may have to have another home evaluation done if the addition is big.
Another big project but more feasible then an addition would be to look for unused space in your home. Is there a basement or attic that can be used for extra space? You can look into finishing a basement or redoing an attic. This will increase your resale value but also keep it close to what the neighbors have because they may have the same unfinished areas in their homes.
Keep your home clean and in good repair is also a great way to increase the resale value of your home. Homes that have been neglected or need major repairs will not get much of a return. Fix things as needed and remodel when or if the rooms need them. The most popular options for your home to increase the resale value are remodeling the kitchens or bathrooms. Then it all depends on the area you live in.
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