Increasing Your Home's Value

By
Real Estate Agent with Bennett Realty Solutions MD#634275
https://activerain.com/droplet/52Kh

Increasing Your Home's Value

Perhaps, your home is probably your single largest investment. While the value of your home is largely determined by such things as location, size, condition and amenities, there are still steps you can take to maximize its worth.

First, you need to evaluate your plans carefully if you're improving your home to put it on the market. Cutting corners could hurt rather than help your prospects, but it’s a balancing act and you don't want to go overboard either. Keep in mind that your home's value should be no more than 20% above the average. For example, a $10,000 kitchen improvement project might be a better idea than a $10,000 hot tub, especially if no other homes in your area have hot tubs.

Here's a list of remodeled projects that buyers are likely to find valuable:

Add a bedroom: Three and four-bedroom homes are most desirable.

Install a master bathroom: When a bedroom has a bathroom, it means extra value.

Install a new shower: A new shower says a modern home.

Change your fixtures: Get a faucet that adds a decorative element to the bathroom.

Re-grout the tile: If the tiles are in good shape a new grouting does wonders.

Install new kitchen cabinets: Even just a paint job and some new handles will give your cabinets a fresh look.

Improve functionality: If you've got the space, an island is the way to go. New appliances make a difference too.

Expose the floors: Remove old carpet and show off the original floor. If you don't have hardwood floors, consider new carpeting.

Install new doors: Doors set off a room and make a great difference.

Paint the interior: A new paint job speaks volumes. Good colors to use are white, off-white, and a light yellow.

Add new light fixtures: Replace any that are damaged or out-of-style.

Add a fireplace: Even if you don't plan on using it much, it adds great value.

Take advantage of unused or underused space: If you can convert a basement or attic into a useful room, do it.

Landscape: A few strategically located plants and a neat-looking yard will impress.

Add a deck: It's a great use of exterior space because it increases your total entertainment area.

Dress up your porch and entrance: A freshly painted door with a new door handle can make a great first impression.

Replace the windows: New windows not only give your home a new look, they can also lower your energy bill.

Remember, when it comes to your home, it's important to keep pace with your neighbors. Don't let your home become the most expensive on the block - but don't fall behind either. This is a case where it's best to be right in the middle!

Image courtesy of ddpavumba at FreeDigitalPhotos.net

Posted by

Diana White-Pettis, Associate Broker

Exit Bennett Realty

7701 Greenbelt Rd. #100

Greenbelt, MD  20770

Office: 301-459-5040

Cell: 301-502-2669

Direct line: 240-386-1309

Email: dwhitepettis@gmail.com

Website: www.diana4yourhomesdesire.com

 

Turning Your Homes Desire into a Dream Come True!

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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Noel Mayer 04/10/2017 07:27 AM
Topic:
Home Improvement
Location:
Maryland Prince George's County Upper Marlboro
Groups:
Active Rain Newbies
Realtors®
Tags:
home values
prince georges county md
increasing home values
diana whitepettis
remodeled projects
amenitites

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Rainmaker
953,884
Thomas J. Nelson, Realtor e-Pro, CRS, RCS-D, Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

Great honey do list!

Well, probably bigger than the average honey but book marked for reference. This is a great talking point list for my home owners. Thank you!

Apr 04, 2017 09:13 PM #1
Rainmaker
2,894,027
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Diana White-Pettis These are very good tips to increase a home's value.

Apr 04, 2017 11:56 PM #2
Rainmaker
571,556
Nathan Gesner
American West Realty and Management - Cody, WY
Broker / Property Manager

Good advice, Diana White-Pettis . It's important to know which improvements bring value and which may not bring as much value but may increase the chances of selling the home. Thanks for sharing!

Apr 05, 2017 05:14 AM #3
Rainer
500,556
Noel Mayer
FAIRMOUNT REALTORS - Montclair, NJ
YOU WILL BE RIGHT AT HOME WITH NOEL

Thank you   for sharing I bookmarked this valuable home improvement information to reference later.  

Apr 06, 2017 02:01 AM #4
Rainmaker
5,581,389
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Thanks for sharing these suggestions. Home sellers need to be careful not to overspend for their neighborhood.

Apr 08, 2017 05:16 PM #5
Rainmaker
3,249,444
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Dianna

Your tips will have a positive impact on the value of a home.

Good luck and success.

Lou Ludwig

Apr 16, 2017 05:51 PM #6
Rainmaker
58,557
Beth Bromund
Coldwell Banker Weir Manuel - Rochester, MI
REALTOR (248) 651-3500

Great list of ways to improve value.  As you mention, it's also really important not to over improve.  Nice blog post, Diana White-Pettis

May 01, 2017 12:38 AM #7
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Rainmaker
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Diana White-Pettis

GRI, CDPE, CNE, WHC Upper Marlboro Homes for Sale
Are you looking to Buy or Sell with First Time Success? Call me!
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