How to Increase Your Home's Value

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Real Estate

How to Increase Your Home's Value in Today's Extremely Competitive Marketplace

Project (average cost recouped, nationally) 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%)

Additional 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.

(And, note, these projects may not add value to your home: above-ground pool; ceiling fans; garden pond; and light fixtures. However, a whole-home Smart system may add value.)

l Remodel with mass appeal in mind.

l Use durable, quality materials.

l Seriously evaluate improvements that add more than 15 to 20 percent of your neighbors’ average values.  (This is certainly neighborhood dependent however.)