So you want to add value to your home, great idea!

 

In my 25 years as a home improvement contractor, I have heard several reasons for improving a home. All of these made a lot of sense to the client, and they were willing to do the work. Adding more space, Preparing for sale, or updating the style of the home are all good reasons to improve your property.


deck boards in parking lot.If the only reason you are looking to do a home improvement is to add value, then you may have to take a closer look at the projects you are about to choose. Home Improvement projects generally have an average return on investment of 70%. So for ever $10,000 you invest in your property, you can expect about $7,000 in added value. But there are other things to consider.

Will it make your home sell quicker? Is the improvement something that needed to be done? Do you get to enjoy the improvement? These are things that add value in a different but important way.

Here are a few posts discussing, home improvement and value.

 

Market Report – Cost Effective Home Improvements in Sacramento 

Let's add some value

Check out this list of valuable home improvements before selling today

 

 


 


Stucco Buildings Can Experience Wood Rot Too.

Best Truck Racks on the West Coast, Located in Shingle Springs, CA.

Contractor Can Repair Your Siding, But You Need to Repair the Gutter.

Management cannot trust the tenant to find water related damages.

Tenants are complaining, the deck railings are not safe – Listen!

You have a dry rot problem; do you need me to prove it?

“I have a dry rot problem, but it’s only cosmetic!”

Consistent step heights prevent injury.

Do some contractors add more value than others?

Is Dry Rot Damage Repair Covered Under My Homeowners’ Insurance?

 

Specialists in Dry Rot and Water Damage Repairs

 

 

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Tom Arstingstall
Tromler Construction
General Contractor
Specializing in Dry Rot and Water Damage Repairs

916-765-5366
 Water Damage Repair in Sacramento Dry Rot Repair Contractor in Sacramento

E-mail Contact

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10 Comments on FAQ - What will my return on investment be?

MAY
29
317,758 Points 18 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Least we forget the all important, Are you over improving for the home or neighborhood?  In which case you will recoup little to no return on your investment.  Most xcellent post there Tom!  I hope you don't mind if I come back later to re-blog it?  :)
6:14am • #1
282,737 Points 11 Featured Posts Attended Rain Camp Called Shot Master

Tom, great points! I think people should always improve their home so they van enjoy it! But as a Stager, I know there are things homeowners can do to improve the sale ability of their home too!
6:23am • #2
514,964 Points 20 Featured Posts Outside Blog Called Shot Master

Hi Tom,  Yes the point is making the home sell faster.  I have to say if I have two homes with the same floor plan, the one that had some projects done will sell faster.
6:41am • #3
780,018 Points 97 Featured Posts Outside Blog Called Shot Master
You can reblog me anytime Laura. You bring up a good point, a lot money can be wasted in overimproving. Best to consult a Realtor!
7:03am • #4
780,018 Points 97 Featured Posts Outside Blog Called Shot Master
You have always said that you want to enjoy the improvements that are made. I think we can see that you are doing that Peg. Thanks for the comment here.
7:06am • #5
780,018 Points 97 Featured Posts Outside Blog Called Shot Master
Will, that is so true in tract homes. The homes are exactly the same, the things that were improve really stand out then.
7:07am • #6
730,350 Points 103 Featured Posts Outside Blog Called Shot Master

Hi Tom - Some improvements may be necessary to get a home to sell - an updated kitchen may push a home from blah to outstanding. But we think that enjoying the improvements is critical. When Mary and I built our home before this current one, we set a record for upgrades and extras - but we also sold the home for a neighborhood record high price, and got to enjoy everything for 5 years in the process.

 
8:13am • #7
780,018 Points 97 Featured Posts Outside Blog Called Shot Master

Now that sure makes a lot of sense Dick, why not use the cool stuff for a while?
7:37pm • #8
MAY
30
1,140,050 Points 154 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Yes, that 70% # for major home improvements jives with what I've seen and read.  This is one of the many reasons it makes sense to do these types of renovations while you plan to spend more time in the house so you can enjoy them and improve the value rather than just do right before you sell.

It also seems like some of the smaller renovations (e.g. paint, add hardwood floors) have much better return than larger ones (like kitchen remodel, additions).
3:50am • #9
780,018 Points 97 Featured Posts Outside Blog Called Shot Master

You are right Debbie, the smaller renovations can really make a good return on investment.
11:31pm • #10


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Tom Arstingstall - An Uncommon Contractor (Tromler Construction): Builder-Contractor in Placerville, CA

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