Transcript

What Renovations Have the Best Resale Value?

WHAT RENOVATIONS HAVE BEST RESALE VALUE? THE Homeowners and prospective buyers look at a home very differently. so it's useful to consider a remodeling project from a buyer's perspective when you're thinking of selling your home. But which projects are most effective for the housing market? Find out which renovations will improve a home's resale value, no matter your budget. O BATHROOM REMODEL O CURB APPEAL O Small Budget Projects ($0-12000) Bathrooms are an important area to focus on as they are considered one of the most effective rooms A buyer gets ther frst mpression from the extenior of your home so any improvements wil be valusble Consder adding new sdng an updated roof or front door accessones O Medum Budget Projects (12009-S9000) to update Especially popular are improvements to master sutes. such as large showers or separate tubs O Large Budget Projects (0909 and above) Q Install Flow reducers in the shower and sinks SIDING REPLACEMENT O Sustanable and Erergy-Efficent Optons Job Cost $9500 Resale Value S8.26S BATHROOM REMODEL (can mprove your resale vale) Job Cost $30000 Resale Value $22500 Rate of Return 87% Rate of Return 75% ROOF REPLACEMENT Job Cost $14.000 O FIXTURE UPGRADES Resale Value $10360 ----------- Rate of Return 74% New fixtures and hardware can have a big impact on the look of a space Consder upgrades to bath and kitchen cabnets towel racks and door knobs O NEW WINDOWS Q Uporade plumbng with low-flow fatures Replacing old wndows will both increase your resale value and decrease your ubiky bil Keep in mind that customzing with fancy shapes wont necessarly add any resale value Q New wndows are energy-efficient Q OUTDOOR AREAS VINYL WINDOWS ..... Job Cost S10.000 Resale Value $8.400 ---- Rate of Return 84% WOOD WINDOWS Another project to consider is making an outdoor Iving space such as a deck or patio By adding to the lvable space your home offers, the value of your house will ncrease Q Try using salvaged wood for a deck Job Cost SI000 Resale Value $9.350 ----- --- Rate of Return 85% DECK ADDITION Job Cost SI0634 Resale Value $8573 Rate of Return 80% ::::: BASEMENT REMODEL MAJOR KITCHEN REMODEL Job Cost $S5.000 Resale Value $43.450 Job Cost $55.000 Resale Value $45.650 Rate of Return 79% Rate of Return 83% ZND STORY ADDITION MINOR KITCHEN REMODEL Job Cost S10.000 Resale Value S91300 Job Cost $18.000 Resale Value SI5.480 Rate of Return 83% O HARDWOOD FLOORING Rate of Return 88% REPURPOSE SPACES Hardwood is the most sought-after flooring by home buyers Dependng on the sue of the space matenaks used, and labor hred addng new floorng can be surprisingly affordable O KITCHEN REMODEL Home buyers generaly want to avoid dong major remodelng projects By finshng spaces lke attics and basemenks and converting them rto functional areas you can sgnficantly add to the lvable square footage in your home Many experts categonze kkchen remodels as the best to boost your home's value Valusble ponts to upgrade are counters cabinets, and applances More affordable options include changing out the backsplash pant color hardware and lghtng Q Barmboo or cork are both sustanable options Q rstal nsulation to prevent heat transfer O REPAINT O ADD STORAGE Addng storage to your home is helpful to both you and the next homeowner Opbions to consider include bult-ins pantres walk-in dosets garage shelving and wall benches that double as chests Changing wall colors can completely transform a space Besides being one of the most easy and affordable renovations to accomoish kis also one of the simplest to ater later or O No-VOC paint can be found n hardware stores SOURCES http//www.petmyhomesvalue com/home-resale-value Help //wwwsmartmaneycom/personal-france/realestate http//www.nolocom/green remodelng eco-friendy-home hetp //greenivng ifetes.com/buldng-and-remodeing/ndes eLocal.com

What Renovations Have the Best Resale Value?

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Homeowners and prospective buyers look at a home very differently so it's useful to consider a remodeling project from a buyer's perspective when you're thinking of selling your home. But which projec...

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