7 Ways to Add Value to Your Home

By
Industry Observer

If you own your home, there are hundreds you can do to increase it's value. In most cases, home improvement and maintanence is a never ending job, but you have to start somewhere. So, here are 7 ways you can add value to your home.  

 

1. Update Your Kitchen

The kitchen is the heart of most homes. Remodeling your kitchen can be expensive, the average remodel costs around $30,000, but it should add around 70 percent of the cost to your home's value.  Just be sure you know what you are in for, as there are many different levels of kitchen remodels. For instance, an upscale kitchen remodel might run you closer to $100,000. 

2. Create More Space 

If your home has a very closed feel to it, knock out a non-structural wall to create more room and open up your living space.  It's not always an option, but creating an open feel should absolutely be considered if it's a possiblity. 

3. Renovate Your Bathroom

With an average cost of around $16,000, remodeling a bathroom can add some serious value to your home for much less outlay than doing the kitchen.  Remember, if you plan to sell your home, the kitchen and bathroom are the areas where buyers can easily tell if you had spent money on the home or not. 

4. Clean Up the Yard

 A messy, overgrown yard says a lot about a home. The problem is, the things it says are likely "don't buy me".  Keep up with your yard maintenance and remove unsightly or overgrown vegitation. It's a lot of work, but it is worth it. 

5. Replace Worn Flooring

Installing wood or stone flooring can make a big difference in both your home's appearance and value. However, depending upon the square footage of your home, this can be extremely expensive. If budget is an issue, start with high traffic areas and rooms with worn carpeting and flooring before doing the whole house. 

6.  Installing a Steel Entry Door

It doesn't sound like the most impressive home improvement project, but replacing your front door actually recoups the most value of any common project. Expect to add nearly 97 percent of the cost of replacing your current entry door with an upgraded steel one to your home's value. 

7. Replace Your Windows

Replacing old windows can do a lot of good things for your home's value and - if you are replacing single pane or leaky windows - can also save you a ton of money on heating and cooling.  It's a win, win. 

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kitchen
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Rainer
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Cody Carmen
Adhi Schools, LLC - Rancho Cucamonga, CA
Market Analysis--Educational Content, Adhi Schools

Really liked that front door stat. Good to know what does and does not pay for itself. The kitchen is one that makes sense if you know you will be around to use it for awhile before you list it. That should be the mentality behind most expensive renos. 

Aug 19, 2016 02:53 AM #1
Rainmaker
690,645
Pat Champion
Coldwell Banker Camelot Realty - Mount Dora, FL
Call the "CHAMPION" for all your real estate needs

Great post on adding value to your home my favorite is replacing the windows. Thanks for sharing I hope you have a great weekend.

Aug 19, 2016 03:02 AM #2
Rainmaker
2,027,218
Joe Jackson
Keller Williams Capital Partners Realty - Columbus, OH
Clintonville and Central Ohio Real Estate Expert

Excellent Tips for any seller no matter the market. Thanks for sharing!

Aug 19, 2016 04:17 AM #3
Rainmaker
2,801,067
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

 These are very good helpful list of tips to add value to a home.

Aug 19, 2016 09:29 AM #4
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