Home Selling Tips: Which Remodeling Projects Increase House Value?

Posted by Staff Reporter (media@realtytoday.com) on Apr 05, 2016 06:18 AM EDT
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SAN FRANCISCO, CA - FEBRUARY 18: People stop to look at San Francisco's famed Painted Ladies victorian houses on February 18, 2014 in San Francisco, California. According to a report by mortgage resource site HSH.com, an annual salary of $115,510 is needed to purchase a house in San Francisco where the median home price is $682,410. The report included 25 of the nations largest metropolitan cities with Cleveland, Ohio being the cheapest with a needed salary of $19,435 to purchase a home. (Photo : Justin Sullivan/Getty Images)

Remodeling your home can be one of the most exciting things about owning a house. While it may be the perfect time for you to personalize your home and add some personal touch to its design, you may also want to look ahead and see if your remodeling projects would help boost your house value and get more offers from buyers.

According to About Home, there are several home remodeling projects that can work to your advantage when the time comes for you to sell your house. For example, doing a minor kitchen remodel will help you recoup at least 70 to 80 percent of your costs.

This will also attract more buyers as the kitchen is one of the busiest and most used areas at home. Updating your kitchen sink, faucet, floors and cabinets will help attract more buyers because this will help reassure them that a repair is not immediately needed. The publication also notes that you should only spend about 20 percent of your house value on kitchen remodeling projects.

Upgrading your front door - either changing it into a new one or painting the old one with a new coat - will also help boost the house value and speed up the sale of your home. Adding a wooden patio deck also has one of the highest return on investment (ROI) because of its easy maintenance and classic look.

New windows will also help attract buyers, as it is found to yield a 77 percent return. However, one should be cautious about the kind of windows that will be installed as this would determine a house's potential for a quick sale in the future.

As previously reported here on Realty Today, digital upgrades at home may also help sell a home fast and increase its house value as well. As times are changing, more households are already looking for more charging stations for their gadgets, including outlets in the kitchen and in the bathroom.

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