Home Improvement Projects to Boost Your Home's Value
- Romodeling, revamping, repainting and renovating can help increase the value of your home.home improvement sign image by robert mobley from Fotolia.com
Home improvements are not all equal. While adding a swimming pool may be a great idea for your own family, that hole in the backyard may actually scare off potential buyers who are afraid of the insurance cost or safety concerns. A number of other home improvement choices can increase the value of your home and potentially make it easier to sell. - According to the book "My Home, My Money Pit," the absolute best return you can expect on a home improvement investment occurs when you transform attic space into an extra bedroom. Any time you can increase the number of bedrooms in your house, you are going to make your home more enticing. If you don't have an attic, create an extra bedroom from your basement. If you don't have a basement, considering building a small bedroom addition.
- The kitchen is one of the most important rooms in the house for many people and it can become a dealmaker or dealbreaker. Upgrading, expanding, renovating or remodeling the kitchen results in a return on investment of 85 to 95 percent, according to quickenloans.com. Among the best ideas for kitchen improvements are adding cabinet space, updating your appliances and adding a more efficient and effective lighting design.
- The bathroom is also a surefire location that you can improve to increase your chances of selling the house. If you have the room, consider adding a whirlpool tub or at least some kind of large tub. This advice also applies to the master bathroom if you have a private bath you can enter from your bedroom. Other smaller touches can also help improve the bathroom, such as updating the sink to a pedestal or console variety.
- While adding a pool is not a guaranteed way to improve your home's resale value, adding a deck just may be. The return on investment for a medium-sized wood deck is nearly as good as upgrading the kitchen and the average cost is much less. You don't need to get very elaborate with a deck, though the more you put into it the more you are likely to get out of it.
- A privacy fence that is in good shape and uses quality material can greatly improve the value of your home for some potential buyers. While privacy is not an issue for some, for others it can be the most important element of the house. If you aren't capable of putting up a privacy fence yourself that is solid and looks good, then pay the extra expense of hiring professionals to do the job.
- Don't underestimate the value of a full-scale paint job. Giving either the interior or exterior or both a brand new coat of paint with a color that reflects contemporary preferences can increase the home. Yes, a paint job can be considered a cosmetic improvement that doesn't really upgrade the home like a deck, fence or new bedroom, but looks do matter. A good-looking house is just plain more likely to sell than one with cracked exterior paint and 1960s-style dark paneling.
Add a Bedroom
Kitchen Upgrade
Bathroom Upgrade
Adding a Deck
Privacy Fence
New Paint Job
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