It used to be that if you remodeled a kitchen, a bath, or added any type of improvement, you could expect a dramatic increase in your home value. Then, with the downturn in the market, improvements made a house stand out, but would not necessarily add gobs of monetary value to the home.
Fast forward to today: we are on the uptick.
Prices are going up, as is demand. The markets are very competitive with multiple offers on many properties. What are some projects that can really add some value to your home?
Number one was adding a steel door. At an average cost of $1100, it is economical and a seller can expect to see 85.6% of what they spent returned in added value. An owner can also expect to recoup 79.6% of their investment on cement siding. Other high value improvements included windows and minor kitchen updates.
And although adding an attic bedroom can be costly, it could add over $30,000 in value to your home.
By the Numbers, January 2013:
Listings Sold: 16
Average Price: $103,844
Average Days on the Market: 68
Featured Home: Dream home, tons of upgrades.