Your Home’s Value Seller Tips Adding Home Value Seller Challenges
Cost & Value Added
of The Most Common Home Improvements.
Kitchen Remodel:
Cost:
- Low: $15,000
- High: $25,000 and up
Value Added:
- 80-110%
Cost includes new cabinetry, countertops, rewiring, structural changes, relocated plumbing, and high end appliances.
Bathroom Remodel:
Cost:
- Low: $7,500
- High: $15,000 and up
Value Added:
- 80-115%
Cost includes new fixtures, fittings,tile floors and walls, structural changes, and relocated plumbing. High end materials and fixtures raise the cost. Note: Adding a second bath can yield more than 100% of the resale value.
Room Addition:
Cost:
- Low: $30,000
- High: $40,000 and up
Value Added:
- 50-110%
This depends on the type of room. A family room or new master suite (remember to include he cost of a bath) will add much more value to a home than a private office or fourth bedroom.
Converting an attic, basement, or garage to a living space:
Cost:
- Low: $10,500
- High: $15,000 and up
Value Added:
- 25-100%
Cost assumes no structural changes and no new plumbing is needed. The value this adds depends on a range of factors such as the size of your home and the purpose of the new space. A smaller home will see more value added than a larger home. The value added for a family room or bedroom in a smaller home can add more value than the cost of the conversion.
Adding a Deck:
Cost:
- Low: $5,000
- High: $15,000 and up
Value Added:
- 25-40%
The more temperate the climate, the more value this improvement will likely add to your property. Cost will vary highly based on the complexity of your design and amenities that it includes, such as water features, an outdoor kitchen, etc.
Exterior Repainting:
Cost:
- Low: $1,500
- High: $5,000 and up
Value Added:
- 40-115%
Improving your homes curb appeal can be one of the most effective ways at making your home marketable. A newly painted exterior can add instant value when selling a home that is visibly worn.
Adding an In-Ground Swimming Pool
Cost:
- Low: $30,000
- High: $60,000 and up
Value Added:
- 20-40%
Banks usually do not include pools in mortgage appraisals. The value added will depend almost entirely on the desirability to the buyer.
Information source:
Home Remodeling Magazine