How to Increase Your Home's Value

Real Estate

How to Increase Your Home's Value

Are you thinking of selling your house? And wondering how to increase your home's value?

Here are some projects to consider (or not to consider); all numbers according to the 2017 Remodeling Impact Report of the National Association of Realtors' Research Department.

 

Kitchen upgrade: estimated costs $ 35,000; estimated costs recovered: $ 20,000 (57 %) 

Complete kitchen remodel: estimated costs $ 65,000; estimated costs recovered: $ 40,000 (62 %)

Bathroom renovation: estimated costs $ 30,000; estimated costs recovered: $ 15,000 (50 %)

New bathroom added: estimated costs $ 59,000; estimated costs recovered: $ 29,750 (50 %)

Closet renovation: estimated costs $ 3,750; estimated costs recovered: $ 2,000 (53 %)

 

New master suite: estimated costs $ 125,000; estimated costs recovered: $ 65,000 (52 %)

New vinyl siding: estimated costs $ 13,350; estimated costs recovered: $ 10,000 (75 %)

New vinyl windows: estimated costs $ 18,975; estimated costs recovered: $ 15,000 (79 %)

New wood windows: estimated costs $ 35,000; estimated costs recovered: $ 20,000 (57 %)

Insulation upgrade: estimated costs $ 2,100; estimated costs recovered: $ 1,600 (76 %)

HVAC replacement: estimated costs $ 7,475; estimated costs recovered: $ 5,000 (67 %)

New roofing: estimated costs $ 7,500; estimated costs recovered: $ 8,150 (109 %)

 

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