You Want to get as Much
All of those little flaws that you’ve grown accustomed to over the years can chase away prospective home buyers. Choosing to install a new roof should be your first choice over renovating your home’s electrical wiring, for example. But improvements don’t have to be so grand — or expensive — as a new roof. Painting your front door, adding a nice knocker, laying out a new welcome mat and potting some bright flowers can also add to your home’s curb appeal. Keeping existing shrubs trimmed can also transform a house from dreary to cheery, with little effort and minimal cost. Taking extra care of your lawn, getting rid of clutter and making sure that your gutters are in good shape are simple ways to increase the value of your home.
When you put your house on the market, you want to get the most for it that you can. There are a number of different ways to increase the value of your home. But choosing home improvement projects that will help out when you want to sell your house is a bit of a gamble. This is most crucial in a buyer’s market. When lots of homes are up for sale at once and housing prices drop, finding ways to make your home more attractive to prospective buyers can make a real difference toward the bottom line — perhaps thousands of dollars worth.
For example, adding lavish wrought iron gates to your driveway can increase the value of an upscale home, but in a working-class neighborhood, this may not be the case. Prospective homebuyers may not be able to afford the extra cost you’re asking in order to recoup the money you spent on the project. Of course, home improvement needn’t be a $100,000 affair. There are some projects that can lead to great returns on minimal investment. The point is, when undertaking improvement projects in order to enhance your home’s resale value, keep an eye on the market value of your area first.
The project cost homeowners an average of $139,297, returning 73.9 percent of the project cost to the homeowner’s pocket. Real estate insiders advise that before making any major improvements to increase your home’s value, take a look around your neighborhood. When choosing home improvements, be careful just how far you go. Is the project you’re planning in step with the rest of your neighborhood? Believe it or not, it’s possible to improve the value of your home too much.
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