If you have expansion plans, consider all the variables first.
Have you outgrown your home? If you crave more space but can’t afford to move—or love your neighborhood too much to leave—consider putting on an addition. Carefully think through these points before anyone puts hammer to nail.
Imagine your home with a new, fully remodeled kitchen – or a carpeted recreation room in the basement for the kids. Home improvements and upgrades not only make a space more pleasant to live in, they can also add value to your house.
Here are 10 home improvements, and the estimated return on investment* of each project:
Straighten and stage your home to make a great first impression on prospective buyers.
You never get a second chance to make a good first impression. It’s an old saying, but it’s true—especially when it comes to selling your home in a market where lots of houses are available.
Fortunately, getting your house ready to sell is easier and less expensive than you may think. Unless your kitchen or bathroom is in poor condition or at least 40 years old, don’t invest the money to remodel, says Ron Zate, a Realtor® with Keller Williams Realty. In most cases, smaller fixes will do the trick.
Since the housing bubble burst in 2008, property values have been steadily recovering across the country – but some cities are recovering faster than others. According to Kiplinger.com, a few top performers have seen double-digit property value percentage increases from 2011 to 2012. The cities each have populations of more than 500,000, and could be a good place to start looking if you’re in the market for an investment property – but keep in mind that property values can fluctuate quickly, so check real estate appraisal sites like Zillow.com for up-to-date information.