A clean and clutter-free home can significantly increase its value. Adding usable square footage through basement finishing, attic conversion, or extensions can enhance home value. Upgrading the kitchen and bathrooms can positively impact home value. Improving curb appeal through landscaping and exterior enhancements can attract potential buyers. If you’re thinking of selling your home in the next few years, make sure any renovations you do will add value.
The 2023 Cost vs. Value report by Remodeling by JLC highlights the top five home improvements that can help increase property value. The report compares the average resale value and percentage increase for 11 projects across 20. Before starting any renovation project, assess your current home and identify areas that need improvement.
To boost your home’s value, consider kitchen renovations, bathroom remodeling, energy-efficient improvements, outdoor enhancements, and more. Some of the top 10 home improvement projects include kitchen renovations, bathroom remodeling, attic or basement renovations, and more.
Renovating the kitchen can return 60 to 80 percent of your investment, depending on the extent of the renovation. Revamping the bathroom is another common improvement that not only revitalizes the heart of your home but also increases its resale value.
In summary, a clean and clutter-free home, adding usable square footage through basement finishing, attic conversion, or extensions, upgrading the kitchen and bathrooms, and improving curb appeal through landscaping and exterior enhancements can all contribute to a higher property value.
📹 6 Highest ROI Home Improvements That ADD VALUE
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📹 5 Home Renovations That Raise The Value Of Your Investment Property
Mat Piche, The Fruitful Investor, shares 5 home renovation tips and projects that will actually increase the value of your investment …
For those of you DIYers, the bathroom is a very east remodel. I’m a carpenter by trade and I see a lot of people go with marble, quartz, granite, etc. counter tops for their bathroom vanity and in my opinion that is a waste. You don’t need stone in the bathroom. Most people aren’t equipped to fabricate stone so you end up paying roughly $50/sqft depending on what stone you choose. I always recommend corian / solid surface. You can get it to look just like granite, quartz, or marble, you can get just 1 solid color, anything you like. It is essentially an epoxy top so you can cut it with your normal wood working tools. You sand it like you would wood so it’s very easy to get scratches out and if you can change the sheen on a whim. If you want a high gloss then sand up to 5000 grit. If you want to dull it down a bit keep it at 500 grit. You just use silicone to install it so it’s very install friendly. The last corian top I did the sheet cost me $500, it is a 30″ x 144″ sheet so I was able to do a 96″ vanity and I had plenty of material left over to put a new top in the laundry room as well.
Thanks for the great advice. Our company purchased a 16-plex in July (did a 1031 Exchange). We started with a couple roof renovations which were paid for as part of a credit at closing. The roofs have really helped with curb appeal. We’ve also done a few front doors. The entire property definitely has room for improvements, and we are in the process of creating a game plan for moving out tenants who don’t take good care of the property and then fixing things up without going overboard. The tips you shared here were really helpful. Thanks again!
As a renter currently, I can say for SURE that these are things that really turn me off or turn me on to a home! Curb appeal is the first impression, naturally. I’m not looking for perfection, but SOMEthing that shows the owners care. Sooo many houses in my area are neglected in that way. And then yes, the kitchen is my biggest priority when looking for a home. I want to feel like I’ll at least be comfortable, if not totally wowed when I see it.
Big tiles in the bathroom shower/tub area so you minimize grout/mold. Might also consider some of the newer PVC(?) wall systems. I make the flooring uniform throughout the house except the bathrooms and kitchen. But first do a thorough check of the plumbing/electrical/HVAC/roof/windows,doors and fix or replace anything that’s sketchy.
Excellent, relevant article. Covered everything quickly and efficiently. Constructive criticism: articles are MUCH better when there is one guy or gal that is organized and goes through the content. When you start adding other people that just want to talk for over an hour, you loose me. Thanks so much for the information and the effort.
You can redo the kitchen and bathrooms for super cheap in a few days. I really advise looking into DIY projects. You can paint tiles and cabinets in the kitchen and glaze your own tub/tile and do the counter tops in both for a fraction of the price, a literal fraction, and it’ll look amazing and increase your equity almost just as much. Yeah, it may not last as long but you’ll come out on top spending 300 bucks on something that will last 5 years vs. spending 5k on something that’ll last 20years… just redo it brand new in 5 and save boat loads of cash.
I agree with your points, but it’s also imperative, at least for me to state: If you want to actually make money, don’t pay someone else to do the work lol. If you aren’t living in it and you aren’t renting it out immediately, then save your money and utilize your time instead. Materials aren’t as expensive as they view at Home Depot or lowes; Especially when you go to auctions (builder auctions) or just search online…or purchase when there are sales happening. (Such as for appliances in the kitchen)
I definitely agree with a lot of the tips, though I would say that curb appeal should definitely be higher than feature wall and should also be higher than flooring as long as the current flooring isn’t old carpeting. These articles also forget to mention that people care most about having a functional house before cosmetic upgrades to a kitchen or bathroom. Foundation, roof, electrical, HVAC, and plumbing fixes should definitely come before any kitchen or bathroom remodeling.
in our area, Green homes using environmentally sustainable materials increase the resale values. Having things perceived as deferred maintenance like Astroturf and Viynl screams senior maintenance deferred so we offer 30% less when Buying. A quick refresh with Environmentally Sustainable building materials attracts younger buyers for full price.
I’m against rise value of property’s it erases future of generation..my point imagine I’m ultra rich I’m own all property’s in one city and 12 real state agents want to open prices there 12 offices ok. They come to me and I say alright 12 offices I will sell to you’s for5 milion each or rent it for 1 million each a year will they be happy? No.