It Doesn't Matter If You Are Thinking Of Selling Or Not, Always Grow Your Life Investment
How to Increase Your Home's Value
Project (average cost recouped, national) according to Realtor Magazine:
Minor kitchen remodel (88%) - It's the little things that provide the most value
Bathroom remodel (85%) - A bathroom is a private and intimate place for buyers (didn't you think so when you were buying?)
Major kitchen remodel (81%) - If you can afford it, then let's do it!
Family room addition (80%) - Our families LOVE space
Deck addition (77%) - Think "Summer barbecues with the family"
Master suite (75%) - Our place of rest is important
Attic bedroom (74%) - Sleeping space for everyone else is important
Siding replacement (73%) - The first impression sets you up for success
Window replacement (69%) - Saves on the bills for you
Home office (55%) - Being productive while at home is important
Projects that may increase your home’s value also provide more comfort for youself
Other ideas include: Jacuzzi (4 jets or more); permanent hot tub; in-ground pool; security system; sprinkler system; substantial out buildings; and vaulted ceilings. These may not add value to your house: above-ground pool; ceiling fans; garden pond; and light fixtures.
l Remodel with mass appeal in mind. (Leave space for the next buyers to make it their own)
l Use durable, quality materials. (Provide Love Equity)
l Keep the value of your property within 15 to 20 percent of your neighbors’. (Don't overdo it because you might not get the resale value, but enough to make an impression)