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20 Ways To Add Value To Your Home

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Home Stager with Sold By Design

HGTV ran a special presentation last night revealing the Top 20 Ways To Add Value To A Home.  The show featured many experts (builders, designers, appraisers, realtors) offering their opinions on which home improvement projects will reap the biggest rewards. 

Here is their top 20 countdown: What do you think?

#20: Update the Home Office- "as more people are working out of their homes, a home office isn't just a luxury, but it has become a necessity"

#19: Spring for a Sunroom- "anytime you add square footage & living space to your house, it's a winner"

#18: Create or Renovate a Master Suite-"33% of house shoppers are more than likely to buy a home that has been recently renovated; Master Suites are an expected feature"

#17: Add On a Family Room-"people want open floor plans"

#16: Get a New Roof- "a shabby roof leaves a first impression that the current homeowners do not take good care of their place"

#15: Liven Up the Landscape-"Turn your desert landscape into a destination hot spot with plenty of seating, elegant water features and lush plants"

#14: Invest in a Major Kitchen Remodel- "size matters when it comes to kitchens. Update with recessed lighting and lots of cherry cabinets"

#13: Bring in a New Bath-"if your home has fewer faucets than beds, you might want to consider adding a bathroom"

#12: Be Sure an Addition Blends-"Combining design elements of the original house and the addition can pull together to create a flawless makeover"

#11: Install New Windows-"new windows are important in terms of energy issues, but they are also a signal to a future buyer that the current homeowners have really taken good care of the house"

#10: Refurbish the Basement-"maximize unused space; create an entertainment area that will wow people"

#9: Put in a Deck-"On average, when a homeowner adds a deck to their home, they are likely to recoup approximately 76 percent return on their investment"

#8: Do a Major Bath Remodel-"Stealing space can be a better solution if you can find the extra square footage"

#7: Paint, Paint, Paint-"think classic & neutral"

#6: Add On to the Attic-"The space above a garage is often small, dusty and cramped space and sometimes rarely even used for storage. Why not turn it into a bedroom suite?"

#5: Build a Second Floor-"Adding a second story can do more than just create square footage. It can bring balance to an uneven house"

#4: Keep Rooms Flexible-"too much customization can be a problem when selling"

#3: Revive the Kitchen-"kitchens sell houses, so investing in an improvement in this room is the way to go"

#2: Make Minor Bathroom Changes- "Minor changes can be advantageous because they cost less and often net a greater return than the investment"

#1: Spruce Up the Siding- "bad siding is going to earn you the title of a fixer-upper"

 

Also highlighted in the show were the Top 4 Home Improvement Myths.

Myth #1-Any Remodel Is a Good One-featured a musician who put in a 2nd story concert hall balcony so guests could watch him perform.

Myth #2-I Can Do It Myself-featured a "wanna be handyman" who wanted to save money by doing it himself.  He ended up hiring a contractor to complete the project. 

Myth #3-Pools Add Value-discussed issues relating to liability and maintenance.

Myth #4- Follow the Latest Design Trends-featured peach textured wallpaper in a bathroom (yuck). "Features like this must go before the house is on the market"  "Neutral colors or palettes have more of a timeless feel and will appeal to far more people".

 

The show will air again on May 13th @ 5:00 p.m. ET/PT.

Also, look for Designed To Sell's Top 35 Selling Secrets to air on May 20th @ 9:00 pm ET/PT

 

Comments(8)

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Carl Berg
ERA Wilder Realty, Inc - Columbia, SC

Suzanne,

     Great list, thank you for posting it for all those of us that were busy watching, desperate Housewifes, Law & Order SVU, Amazing Race, etc...

May 07, 2007 05:19 AM
Uzi Husain
Keller Williams Integrity First - Scottsdale, AZ

nicely recapped...thanks!

Cheers,
Uzi Husain
Arizona Realtor, serving Goodyear & The Phoenix metropolitan area

May 07, 2007 05:19 AM
Darlene Raymond
Staged Right - Beverly Hills, FL
Thanks for sharing, I wanted to catch the HGTV program that featured this list and missed it...Thanks Again
May 07, 2007 07:14 AM
Toronto's 2 Hounds Design: Decorating + Staging
2 Hounds Design + Home Staging - Toronto, ON
I'll have to check and see if this is on HGTV Canada...prob. not :(
May 07, 2007 11:15 AM
Sheron Cardin
California Moods Inc - Selma, CA
ARTIST - A Home Stager/Sellers Best Friend!
My list is kitchens, baths, lighting, moldings all after paint. Nice list with plenty of options. Thanks for doing our homework!
May 07, 2007 12:00 PM
Suzanne Bennett
Sold By Design - Saint Petersburg, FL
Sold By Design- St. Petersburg

Thank you for your replies.  I'm happy to share the list with everyone.

I'm looking forward to seeing Designed To Sell's Top Selling Tips on May 20th.

May 12, 2007 03:10 AM
Karen Otto
Home Star Staging - Plano, TX
Plano Home Staging, Dallas Home Staging, www.homes
I missed this episode but am sure it will be replayed a thousand and one times but your list captured it all - thanks for sharing - my theory is to do these things BEFORE you are thinking of selling - I'd want to reap the benefits and enjoy the upgrades myself - I could never really understand why someone would be willing to get the house ready to sell making all these high dollar improvements but never wanted to do while they were living in it.  Makes no sense to me - But staging does because it highlights the features your home has and gives a huge return on a small investment.
May 12, 2007 04:17 AM
Kathleen Lordbock
Keller Williams Realty Professionals - Baxter, MN
Keller Williams Realty Professionals
Missed it - darn - thanks for the list, tho.
May 13, 2007 11:17 AM