Which Home Improvements Add Value to your Home?

By
Real Estate Agent with Diane O and Friends - Benchmark Realty 290309

What follows are "best estimates" for the most typically consistent remodeling projects we have seen across the country... Unless otherwise noted, the maximum time between remodeling and re-sale must be five years; otherwise the "value-added" figures are void.  Diane O and Friends also believe that one of the best ways to add value to your home is through regular maintence, such as changing air filters, cleaning the gutters and sealing your driveway.

 

PROJECT

 

COST

VALUE

ADDED

 

COMMENTS

Kitchen

Kitchen remodel

Low:

High:

$15,000

$20,000-up

80 to 110%

Cost includes new cabinets and countertops and re-wiring; structural changes, relocated plumbing, custom cabinetry, and top-of-the line appliances.

Bathroom

Bathroom remodel

Low:

High:

$7,500

$10,000

80 to 115%

Cost includes new fixtures and fittings, tile floors and walls; structural changes, and relocated plumbing.  High-end materials and fixtures raise the cost.  Note:  adding a second bath can yield more than 100% resale value.

Room Addition

Sunroom

Low:

High:

$30,000

$40,000

50 to 110%

Depends on type of room; a family room or new master suite (don't forget to include cost of bath) will add much more vale to a home than a private office or fourth bedroom.

Converting an attic, basement or garage to living space

Low:

High:

$10,000

$15,000-up

25 to 40%

Cost assumes no structural changes and no new plumbing; value added depends on size of house (smaller house, more value) and type of space created (family room or bedroom, more value than a game room or exercise area).

Adding a deck

Deck

Low:

High:

$5,000

$10,000-up

40 to 60%

The warmer the climate, the more value added; size of deck, complexity of design, and added amenities (spa, trelliswork) influence cost.

Re-painted exterior

Painting a house

Low:

High:

$1,200

$1,500-up

40 to 60%

Assumes old exterior was worn and repainting was done immediately prior to putting house on market:  a new coat of paint probably adds the "best profit" to selling an older home.

Source:  Home Remodeling Magazine

Ready to sell your home, then call the team that can get it sold. Diane O and Friends.

         

Posted by

 

Benchmark Realty,318 Seaboard Ln., Ste 115, Franklin, TN  615-371-1544
Diane Osowiecki, license #290309 cell - 615-406-2184  email  diane@dianeo.us
Mandy Buchholz, license #309437 cell - 615-477-6959  email  mandybuchholztn@gmail
Bob Osowiecki, license #325031  cell - 615-878-3902 email  bobointn@gmail.com
 

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