Are you searching for Increasing the Value of My Home? Here are three great home improvements that will definitely increase the value of your Louisville property. But first, there are a few things you should know. First, a lot of people think that the money they put into home improvements will return dollar for dollar when their house is put up for sale.
This is most definitely not the case.
However, some types of Louisville home improvements will give you a better return on your investment (ROI) than others. If you put $15,000 into in addition, you’re not going to see that amount back when your Louisville house is put on the market and sold.
Using data from the National Association of Realtors (NAR) Cost vs. Value Report, a 2012 basement remodel would return an average of 70.3 cents back for every dollar spent.
But also keep in mind, that if you plan on occupying the house for another 5 to 10 years before selling it, you will be able to enjoy the improvements made to the house while you are still there. This gives you the double benefit of knowing that an investment has been made and being able to enjoy the investment.
Remodel Your Louisville Property’s Bathroom
For a faster sale, your bathroom should be sparkling clean when it is put on the market. The value of your Louisville property will go down if the bathroom looks dirty even in the slightest. Even old rust stains and a small amount of mold will turn off the majority of buyers!
Renovate Your Home’s Kitchen
Kitchen remodels during 2012 would return between 59.7% for a large, upscale remodel to 75.4% for a more standard finish update, according to NAR.
Many people consider the kitchen to be the focal point of the whole house and serious consideration is given to that room when a buyer looks at the home. Whether it be new flooring, a set of cabinets, or a fresh coat of paint, you can’t go wrong with kitchen upgrades that add value.
Greening Up Your Louisville Property
Adding better insulation or using more natural sources of energy can add a lot of value to the home. New windows and doors that conserve heat and cool air will add a better price to your Louisville property while at the same time lowering energy costs while you are still there.
These are the types of home improvements that will give you the best return on the money spent. Increasing the Value of My Home isn’t that difficult. You can do it! By doing home improvements that have stood the test of time and have been proven to pay back better than others when the house is put up for sale.
