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Add luxuries now; reap benefits at resale
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Upgrading kitchen and bath is best way to increase home's resale value.
The consensus among realtors is that there are a few key improvements that can be done to substantially increase the value of your home when the time comes to sell. But why wait until you want to sell to make repairs and enhancements, when the upgrades will improve the quality of your life today?
The prime home-improvement projects that increase home resale value are kitchen and bathroom updates. A new, full bathroom can increase the resale value of your home by as much as 130% of its cost, while kitchen renovations can add up to 95% of their cost to the value of your home at resale time.
Other "enjoy now and reap the benefits later" improvements are a fireplace, which will add a whopping 160% of its cost to your home's value, or upgrading landscaping and adding a deck, which will increase resale value by 100% of their costs. Don't bother with that swimming pool, however, unless it's really important to you, because you will only get back about 44% of its value at resale time.
When updating your kitchen, concentrate on new products that will enhance your daily activities. New appliances such as refrigerators with ice-cube makers and filtered, chilled water on demand, indoor grills and dual-fuel ranges, along with warming drawers and food-warming heat lamps are features you can look for when replacing older, worn-out equipment. Cabinets can be cleaned, painted or re-faced, and fashionable new knobs can be installed.
The addition of an island will increase your workspace, while new flooring and countertops will change the entire mood of the kitchen. Now is the time to retouch or repaint the kitchen if the color is dated or the paint quality is poor. All this will allow you to enjoy your home more today and, of course, add to the resale value in the future.
The bath is a room that is increasingly becoming the most luxurious room in the home. Baths should not only look good, they need to make you feel good as well. Many new items found in today's bathrooms can also be energy-efficient enhancements. Consider a steam bath, a roomy shower with multiple fixed and hand-held showerheads, or a whirlpool tub operated with continuous hot water on demand. New sinks combined with unusual stand-alone furniture pieces and updated flooring complete your renovated oasis.
Recouping your remodeling investment may not be your goal when you add innovative furnishings and appliances to your home. But when it comes to resale value, kitchen and bathroom improvements consistently return the most resale value and almost always help sell a house.
Courtesy of ARA Content
The consensus among realtors is that there are a few key improvements that can be done to substantially increase the value of your home when the time comes to sell. But why wait until you want to sell to make repairs and enhancements, when the upgrades will improve the quality of your life today?
The prime home-improvement projects that increase home resale value are kitchen and bathroom updates. A new, full bathroom can increase the resale value of your home by as much as 130% of its cost, while kitchen renovations can add up to 95% of their cost to the value of your home at resale time.
Other "enjoy now and reap the benefits later" improvements are a fireplace, which will add a whopping 160% of its cost to your home's value, or upgrading landscaping and adding a deck, which will increase resale value by 100% of their costs. Don't bother with that swimming pool, however, unless it's really important to you, because you will only get back about 44% of its value at resale time.
When updating your kitchen, concentrate on new products that will enhance your daily activities. New appliances such as refrigerators with ice-cube makers and filtered, chilled water on demand, indoor grills and dual-fuel ranges, along with warming drawers and food-warming heat lamps are features you can look for when replacing older, worn-out equipment. Cabinets can be cleaned, painted or re-faced, and fashionable new knobs can be installed.
The addition of an island will increase your workspace, while new flooring and countertops will change the entire mood of the kitchen. Now is the time to retouch or repaint the kitchen if the color is dated or the paint quality is poor. All this will allow you to enjoy your home more today and, of course, add to the resale value in the future.
The bath is a room that is increasingly becoming the most luxurious room in the home. Baths should not only look good, they need to make you feel good as well. Many new items found in today's bathrooms can also be energy-efficient enhancements. Consider a steam bath, a roomy shower with multiple fixed and hand-held showerheads, or a whirlpool tub operated with continuous hot water on demand. New sinks combined with unusual stand-alone furniture pieces and updated flooring complete your renovated oasis.
Recouping your remodeling investment may not be your goal when you add innovative furnishings and appliances to your home. But when it comes to resale value, kitchen and bathroom improvements consistently return the most resale value and almost always help sell a house.
Courtesy of ARA Content
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