Today’s real estate market is one of the fastest-moving in recent memory. With record-low inventory in many market segments, we’re seeing multiple offers—and sometimes even bidding wars—for
Proven Ways To Increase Home Value
Dated: July 22 2019
There are many great ways to Increase home appeal and function, however not all changes and renovations particularly add much if at all to the house value. Its good to be aware of what improvements you can make in your home that will prove to be the most profitable!
A recent article from the nerd wallet (linked below) gives several ideas to consider:
Make it more attractive: Curb appeal, Kitchen and bathrooms
Make it low maintenance: Fix some of the obvious things that will need fixing for the future homeowners (Bad roof, stained carpets..)
Make it more efficient: Energy conservation features
Make it bigger: Square footage has a huge impact on home value
Make it smarter: home and safety gadgets
Above are some general areas a home can be improved to hopefully increase value, however before going thru the trouble of remodeling and renovating your home its ideal to do a little research on what materials and changes will give you the most for your money. Something to consider:
“A minor kitchen remodel recoups 81% of its cost in added value on average, versus 53% for an upscale kitchen remodel with stone countertops, custom cabinets and commercial-grade appliances, according to Remodeling magazine’s “2018 Cost vs. Value Report.”
If you aren’t in a hurry to sell, some remodeling and renovating may be a good investment moving forward in the process of selling your home!
Article: A little home improvement can go a long way in adding to the home value https://www.nerdwallet.com/blog/mortgages/how-to-increase-home-value/