Choosing The Improvements That Add The Most Value
If you were offered $100,000, no strings attached, what home improvements would you do? Chances are, a long laundry list of changes come to mind, from refinishing the hardwood floors to adding a new bathroom. Some home improvements, however, are more likely to increase your home's value than others. Although you shouldn't think of your home as an investment, with limited home improvement funds, it's good to consider whether a project has a decent return on investment.
Attic Bedroom 84%
Back Up Generator 67%
Basement Remodel 77%
Bathroom Remodel 72%
Deck Addition wood 87% composite 74%
Kitchen Remodel 82%
It doesn't matter if you've bought a newly built home, a condo in a maintained community, or a fixer-upper—owning your own place brings out the home improvement itch in us all (or at least requires us to do necessary repairs and maintenance tasks). Is digging up the backyard to put in a pool worth it? What about upgrading a tired-looking kitchen with gleaming marble countertops? And what about installing high-tech speakers—throughout the house? If you’re planning to renovate your home, you may already be asking yourself these questions. But when it comes to increasing your home’s appraisal value, the answer to them isn’t always a resounding yes.