How to Increase Your Home's Value
The following shows you the percentage return you can expect with each home improvement. But please before you begin, let me help you assess the current value and market trends.
Project (average cost recouped, national) 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%)
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. These may not add value to your house: above-ground pool; ceiling fans; garden pond; and light fixtures.
l Remodel with mass appeal in mind.
l Use durable, quality materials.
l Keep the value of your property within 15 to 20 percent of your neighbors.
If you would like personalized recommendations on the best way to increase your home's value, please give me a call and we can set you up with a winning strategy.
Vanessa Faulkner
Panama City Beach Relocation Specialist