Wednesday, April 18, 2012

The Best Home Improvement Projects That Can Increase Your Home's Value

Home improvements add to the value of your home, prolong its useful life, or adapt it to new uses. You add the cost of home improvements to the tax basis of your property. But many home improvement projects don’t add value to your home, especially in a down market. In fact, some improvements can even detract from the asking price when you decide to sell. On the other hand, some projects can add significant value to your home. Below are some helpful tips for the best home improvement projects that can increase your home's value easily.
The Best Home Improvement Projects That Can Increase Your Home's Value

Increase Home's Value with Kitchen Improvement Project

Kitchens are typically the most frequently used room in a home, so it makes sense that investing money here is going to pay off when it comes time to sell. So one of the best ways for your home improvement projects to get a good return on your investment is to remodel the kitchen. But you should never make your kitchen fancier than the rest of the house, or the neighborhood.

Increase Home's Value with Bathroom Improvement Project

If your home only has one bathroom  you can adding a new bathroom altogether, bathroom remodeling projects or you can recoup a large chunk of your investment by adding another one. But whether it's the master bath or you're adding a new bathroom altogether, bathroom remodeling projects are cost effective ways to stack on the home value. If you  adding a new bathroom, the cost of adding a bathroom depends largely on the types of additions and accessories you want to use, and the cost of each of these items.

Increase Home's Value with Adding a Deck

Adding a deck (composite, not wood) is a good investment. Outdoor living spaces have become more desirable, especially since more people stay home for vacation (i.e. referred to as a staycation). If you make your deck and your backyard more appealing, your house will be more appealing to prospective buyers when you decide to sell. The cost of adding a deck to your home varies widely. Everything depends on its size, and how many bells and whistles you want added, like built-in seating, multiple stairs, built-in flower pots, and the size of the deck. If you're handy with a hammer, then building your own deck you can save a huge chunk of the cost, usually half.

Increase Home's Value with Siding Replacement

Increase your home's curb appeal while the weather is good and install or repaint your old siding. Modern siding materials can not only make your home look good on the outside, but also add insulation on the inside. With the economic slump, home buyers aren't being dazzled by bells and whistles as much as they are improvements that will ensure lower repair and utility bills. Prefer a foam-backed vinyl product replacement instead can still look to recoup 80% of your cost.

Increase Home's Value with Window Replacement

For most homeowners, windows are not only an aesthetic feature. They represent one of the easiest ways to lower home heating and cooling bills.  Replacing inefficient doors and windows can cost a fortune. Opt out for interior/exterior shutters and storm doors to increase energy efficiency and add value to your home.  You can save on your utility bills, attract future home buyers and net a nearly 80% (vinyl) or 77% (wood) return on your investment by replacing your current windows with more efficient vinyl or wood ones,

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