Best Home Improvement Ideas for Increasing Property Value
Often homeowners perform special remodeling jobs and later find out that they added zero value to their home. Below you will find a list of home improvement ideas that will give you the most bang for your buck:
Indoor Systems – Any major system including plumbing, heating, electrical and sewer systems help overall function to your home. Even if you are simply doing a repair, upgrade or a complete new system it will add value to your home.
items – Consider replacing garage doors, siding, front door and windows are all rather minor changes yet, will all add a great deal of value to your home.
Attic Bedroom – Often considered the number one home improvement project and return on investment for any home owner is taking the existing attic structure and changing it into a room. The cost is often around $50K yet, over 72.5% of this investment is recouped when you sell your home.
Additional – Even a ½ bath will add significant value to your home. A national publication “Remodeling Magazine” states that over 67% of your investment will be recouped with an additional bathroom for your home. If you can’t afford a new bathroom often renovations to an existing bathroom are also a good investment with new paint, fixtures and flooring.
Improvements – The heart of family living is usually within the kitchen. You can do anything and it will improve the value of your home. This can be viewed on multiple levels of a remodeling project from a simple first step of new paint and next new flooring to new cabinets, sink fixtures and updated lighting. No matter what you select you’ll recoup the investment in this project.
Curb Appeal – Landscaping and hiring a professional to help you improve your curb appeal of your front yard and plant new trees and shrubs shouldn’t be a major project and again you will see immediate returns for your investment. Other simple items would be to keep your lawn mowed, edged and reseeded as needed as well as planting flower beds to add some color.
Refurbished Basement – Another great way to add additional square footage to your home by adding a sports den, children’s play area or a fun game room.
Additional Storage – Always an area of interest would be basic storage options. Many older homes don’t offer enough closet space so, building new ones or expanding the current closets is often a great investment.
New Addition – anytime you can add an additional 1K square feet to a home it will add more than 3.3% value to your home according to a study in the National Association of Realtors. If you crunch the numbers you’ll find it adds a great deal of ROI on your initial investment.
Miscellaneous Home Improvements – Alarm systems, water filtration systems or luxury touches like a spa-like bathroom features or an in-home theatre area are all sought after buying investments for the new homeowner.
One of the most important items to keep in mind when considering doing any home improvement project is to not go overboard. The value of your home is partially determined by the value of your neighbor’s home. So, don’t make huge home improvements that aren’t in keeping with your neighborhood because these are the figures that will help determine the overall worth of your property.
If you have an interest in having your home evaluated for any of these projects please contact Executive Craftsman who services lower Fairfield County, CT at 203-324-6383 or [email protected] or [email protected]. Please visit our website at executivecraftsman.com
