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Remodeling Projects that Will Increase the Value of Your Home

In this economy, you may be wondering if there are any remodeling projects that will increase the value of your home. The answer is most remodeling projects that you do to your home will increase the value of your home. Even though the real estate market is down, doing little fixes to your home will increase the value of your home. In this market your home may be worth $100,000. Depending on what remodeling projects you do to your home the value of your home can go up realistically between $5,000 and $10,000.

Even if your remodeling project is simple repairs and maintenance, the upkeep of your home adds value to your home. Small repairs and maintenance can save thousands on major repairs. If you have a small leak in your roof you can fix the leak now and save thousands on replacing the roof and possibly the ceiling where the hole was.

You may be wondering what remodeling projects will increase the value of your home. The addition of a swimming pool used to increase the value of your home by about $10,000. Now the cost of the pool is more than the increased value. Unless you want a swimming pool for your own enjoyment this is not a project that will pay off.

Solar Heat and Solar Lights are like the swimming pool scenario. It raises the value of your home but you would have to find the right buyer to pay what you paid to have it installed and done. You need to take into account the money you have saved on heat and electric to decide if you got your value out of this project.

Projects that increase the value of your home:

1. Windows – If you can replace windows yourself, this is a worthwhile project. Windows can increase the value of your home and make your home more energy efficient. If you are keeping your home and you are trying to increase the value this is a project that will increase the value of your home, increase the beauty, and make your home more energy efficient. If you are trying to sale your house this will attract buyers and increase the value of the home.

2. Kitchen – Remodeling a kitchen can add thousands of dollars onto the cost of the house. If you can do the work yourself a kitchen remodel is worth the effort. You can either change out kitchen cabinets or just strip and refinish the old ones. Buy some new appliances. If you are selling your house and appliances are staying this could add a few bucks onto the value. If you are keeping your home upgrading will save on electric, brighten the kitchen and should cause the value of your home to increase. This is a project that you get the most money out of when you do it yourself.

3. Bathroom – Remodeling a bathroom can also add thousands of dollars onto the value of the house. If you can do the work yourself a bathroom remodel is worth the effort. You can either change out counter tops and cabinets or just strip and refinish the old ones. Buy a new tub, toilet and if it fits a shower. If you are selling your house this could add a few bucks to thousands of dollars onto the value of your house. If you are keeping your home upgrading will save on water, electric, and brighten the bathroom. This remodeling project should cause the value of your home to increase. This is a remodeling project that you get the most money out of when you do it yourself.

4. Painting – Painting the inside and the outside of your home can be a remodeling project that increases the value of the home. This is also a maintenance project that shows you care about your home and you take care of it, which causes the home’s value to increase.

5. Caulking – A simple maintenance project that increases the value of your home is caulking. This will make a grungy bathroom look new. An inexpensive caulk can add money to the value of your home.

6. Lighting – If you want a remodeling project that will add money to the value of your home, lighting is a quick fix. Upgrade all light fixtures and maybe add some outside lighting. Don’t forget to add lighting to bathrooms and kitchens. Adding value to your home could be as simple as making it brighter.

7. Doors, Door Knobs, and Door Plates – If you are trying to sale your home a quick remodeling project that will add value to your home is door knobs and door plates. Changing door knobs on cabinets and door knobs on front or back doors can be an inexpensive way to raise the value of your home. If you are selling your house door plates will catch people’s attention and raise the value of your house. Door plates are an inexpensive and simple remodeling project.

8. Floor Coverings – Floor Coverings are a remodeling project that can get costly and may not raise the value of your home as much as you expect. If you are selling your home tile will raise the value of your home. If you are keeping your house but want to raise the value of your home you may want to choose carpet and laminate for your floors.

All remodeling projects will raise the value of your home. If you are trying to get the most money out of a remodeling project you will want to do the remodel yourself. Some remodels will cost you more money than what you will see added to the value of your home. Ask a real estate professional if you are selling your house as to what remodels to do to your home.

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