Home Improvements can substantially increase the value of your home, but it is important to understand that most home improvements will not necessarily lead to an increase in the home value at least equal to the investment. According to a 2007 Annual Survey prepared by Remodeling On-line, on average you can expect to recover the following percentage of your investment in your remodeling projects (You can see the full results at my webpage Home Improvements ) :
Minor Kitchen Remodel 104%
Window replacement 103%
Mid range major kitchen remodel 97%
Mid range bathroom remodel 97%
Other home improvement projects ranged from a master suite addition (77% recovery) to a roof replacement (89% recovery ).
In our experience, a good kitchen remodel can often lead to an increase in value to the home greater than the investment. The bathroom remodel is a close second place. The complete 2006 survey of cost versus recovery analysis as well as cost estimates for typical home improvements can be found at Remodeling On-Line
The following is a minor upscale kitchen remodel which we have done to my personal residence in Palos Verdes Estates, California, which cost approx. $25,000 (this minor remodel exceeded the $23,000 estimated above due to substantial rework on the cabinets in the center island and the new refrigerator). The work included new granite counters, new kitchen sink and fixtures, new limestone back splash, refinished cabinets, new stainless steel refrigerator, and enlarged and expanded storage in center island.
Kitchen before remodel
Kitchen after remodel
Kitchen before remodel
Kitchen after remodel
Improvements to the front of the house can have a strong positive impact on the property's curb appeal which can greatly improve a buyer's initial impression of your home, thus leading to a higher sales price and a shorter sales period.
For more information about Home Improvements , visit my website at http://www.maureenmegowan.com
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