Homeowners are wanting to get the most out of their home when it comes to selling; getting a return on their investment. Spring is around the corner and buyer will be in full force. I wanted to share the statistics with you if you are thinking or any projects to increase value. I would love to run an analysis on your current home keeping completed/upcoming projects in mind.
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.
l Remodel with mass appeal in mind. l Use durable, quality materials and l Keep the value of your property within 15 to 20 percent of the neighbors’. Curb appeal is always a must, hardscape and manicured is always a plus to a buyer.
Feel free to reach out for any real estate needs