What are the best home remodeling projects to increase value?

Question : What are the best home remodeling projects to increase value?

remodeling projects

Best answer:

Answer by Dan
Kitchen remodeling can return as much as 102% of the money invested according to a major real estate source.
Update a 12′x16′ kitchen no major structural changes. Brighten walls and cabinets with a coat of paint. Install vinyl flooring; laminate countertops; ceramic tile backsplash; double-basin sink. New appliances: dishwasher; drop-in gas range. The lower your investment in kitchen remodeling, the higher the potential for recovering costs.

Renovating and existing bathroom was next at 88%.

Worst potential “upgrade” was adding a swimming pool.

This entry was posted by admin on September 5, 2010 at 9:56 am, and is filed under Property Development. Follow any responses to this post through RSS 2.0.You can leave a response or trackback from your own site.

Comments (5)
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#1 written by erbymon 1 year ago

Install hardwood and tile floors

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#2 written by Mommyof4 1 year ago

I asked a realtor this when we were selling our previous home. The three top are Decks, Kitchens and bathrooms in that order. )

Good luck!

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#3 written by steele_luv 1 year ago

upgrade your electrical service and wiring and devices. If you get someone good (call me if you’re in N CA), you can get a 500% return on something like that.

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#4 written by captures_sunsets 1 year ago

Remodeling the kitchen,bathroom and painting the entry door

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#5 written by Benji Man 1 year ago

Kitcken and baths are the best remodeling projects that will most likely bring an increase in value to your home. Other projects that bring extra value (but not as quick of an increase as kitchens and baths) are additions, landscaping, new roofing, and enlarging rooms.

Not all remodel projects will bring an increase in value dollar for dollar and if you are doing the remodeling to increase the value if you are moving soon, build to what most people like, not what you like. Update anything that can no longer be cleaned to perfection (countertops, faucets, sinks, etc).

If you are remodeling your home and plan to live there for awhile, build what you want for you and tailor the remodel to your wishes, not just potential value.

Good luck.

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