
You may be considering home improvement projects that make your home more comfortable and add value to the property. Certain projects are more likely to improve your home?s value, but routine maintenance and minor upgrades shouldn?t be overlooked. A well-maintained home is always worth more than one in need of repairs and upgrades.
What You Need to Know
- Obtaining a market value assessment of homes in your surrounding area is a wise idea. You can also review homes for sale in your area and see what kind of amenities they have as a guide toward your own home improvements. A local real estate agent can provide a market assessment for you.
Step 1
Assess the overall outside condition of your home. Look at such structural elements as trim, fascia boards and soffits. Check for peeling paint or sags. Check the roof for missing shingles. Look at the condition of your landscaping. A healthy lawn and trees, and well-maintained flowerbeds, are a part of your curb appeal, which influences the value of your home.
Step 2
Check the condition of your heating and cooling systems. You can find a local heating company here. Replacing old and inefficient furnaces and air conditioners with energy-efficient models will add to the overall value of your home. Replace leaky, single-pane windows with energy-efficient ones. Upgrade or add insulation to your attic.
Step 3
Look at your neighborhood?s housing styles before considering adding square footage to your home. Additions are one of the more expensive projects. Adding a second story for additional space will only increase the value of your home if other homes in your area have second stories. If there are no two-story homes nearby, consider putting an addition on the back of the house to blend with the neighborhood. The value gained is market value. It may not be a dollar for dollar return, but your home will have a higher value. You can find a local contractor who specializes in room additions here.
Step 4
Upgrade your outdated kitchen. Demolishing your kitchen is a major project and one of the more expensive home improvements. If your kitchen has older appliances and lower-grade cabinetry, invest in getting it updated with new cabinets. To increase the return on this improvement, try not to move plumbing and electrical or gas lines. These are high-cost labor items, and if you can upgrade with a minimum of disturbance to the original footprint, you should do so. You can find a professional kitchen remodeler in these listings.
Step 5
Add a second bathroom. Homes with only one bathroom have a lower market value. Placing the second bathroom so you can hook into existing plumbing lines will help reduce the project?s cost. A second bathroom, even if only a half-bath, will increase your home?s value almost dollar for dollar.? You can find a local plumber here. Or if you just want to redo the bathroom countertops, look here.
Step 6
Upgrade your landscape to include an outdoor room. A covered patio, a deck, or an outdoor kitchen and entertainment area increases the livable space of your home. The cost, though, is less than an enclosed addition. The outdoor room is part of the landscaping. Don?t neglect to upgrade the rest of the property to enhance the outdoor room and increase your home?s value.
Tips & Warnings
- Check with your local government to see whether you need a permit for your project.
- Check with a local real estate agent to find out which home improvement projects add value in your particular neighborhood.
Source: http://blogs.dexknows.com/home-improvement/2012/03/29/improve-homes/
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