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Which Remodeling Projects Add Value to Your Home

In today’s real estate market, many home buyers are looking for a home in great condition. They want a house that is “move-in ready” and not outdated. Even if you are not preparing to put your home up for sale anytime soon, it is a good idea to make improvements with an eye to the future. Doesn’t it make sense to complete remodeling projects with the most appeal?

Which Remodeling Projects Add Value to Your Home

First and foremost, home improvements and remodeling projects are for you. They should increase your desire to stay home and give you greater enjoyment. Moreover, a remodeling project should offer a sense of accomplishment. It really is these intangibles that make remodeling worth the cost.

Nonetheless, you want to make sure that where you are investing your money will help you sell in the future. The Remodeling Impact Report, from the National Association of Realtors and the National Association of the Remodeling Industry, identifies the interior projects that have the most appeal to buyers. The top 5 are:

  1. A Kitchen Upgrade,
  2. A Complete Kitchen Renovation,
  3. A Bathroom Renovation,
  4. New Wood Flooring, and
  5. Adding a New Bathroom.

The report also showed those interior projects that increase the value of your home at resale. The top 5 in that group are:

  1. A Complete Kitchen Renovation,
  2. A Kitchen Upgrade,
  3. A Bathroom Renovation,
  4. Adding a New Bathroom, and
  5. A New Master Suite / Owners’ Suite.

It is no coincidence that four of the top five projects identified as having the most appeal to buyers also adds the most to a home’s sale price. Ask most real estate agents. They will tell you kitchens and bathrooms will make or break a home sale. When a buyer falls in love with a kitchen or bathroom, that house is sold.

If you would like to talk more about which remodeling projects add value to your home, or need more information, please contact us.