If you are considering selling your home, we often recommend making improvements to increase the value. Today we are sharing some tips on how to increase home value in the eyes of buyers and your appraiser by improving efficiency, adding square footage, upgrading the kitchen or bath and installing smart-home technology can help increase its value.
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.
3 Tips to Remember When Making Improvements to Your Home
1. Remodel with mass appeal in mind.
2. Use durable, quality materials.
3. Keep the value of your property within 15 to 20 percent of your neighbors’.