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Home Improvement - increase in value? #674505 04/01/11 06:17 PM
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Angela J. Shirley Offline OP
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Hi Everyone:

Do you think home improvement increases the value of your house and helps with selling your house?

Personally, I think it depends on what TYPE of improvement was done. Some folks turn their garages into a EXTRA room = I will not be buying that house. Reason - I LOVE having a garage even if I don't have a car. And no, I don't use it for storage when I don't have a car smile

Now your turn...

Re: Home Improvement - increase in value? [Re: Angela J. Shirley] #674609 04/01/11 08:27 PM
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Home improvements and updating can definitely add value, but you have to make good decisions. I fell in love with a newly updated house, only to find that they added a beautiful laundry room by taking so much space out of the garage that you could no longer fit a car in there.

The other problem is people doing sub-par work and not getting permits. The next buyer goes to get financing, then through title search and inspections, they find a whole lot of issues they need to resolve before they can actually purchase.


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Re: Home Improvement - increase in value? [Re: Sandy - Golf+Tennis Pro] #674615 04/01/11 08:47 PM
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If I were planning to sell, I would look at the value of surrounding homes first before starting an improvement project. See if the cost of what I plan to do can be recouped at the time of sale. Also make sure that the improvements are similar to what is offered in newer construction in the area. For instance all the newer homes around here seem to be installing granite counter tops and stainless steel appliances in the kitchen. I'd keep that in mind if I were going to do a kitchen remodel to entice buyers.



Re: Home Improvement - increase in value? [Re: Donnarie] #674828 04/02/11 04:16 PM
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Angela J. Shirley Offline OP
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Thanks Sandra and Donna for stopping by and sharing with us smile

It is always so hard to locate the problems before you move in sometimes. That is the part I hate frown Gone are the days when folks fess up to stuff. Thank goodness there are now legal ways to get out of a house purchase smile

Re: Home Improvement - increase in value? [Re: nobitab] #684606 05/06/11 06:39 PM
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Angela J. Shirley Offline OP
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Originally Posted By: nobitab
Home improvements offer many benefits: they not only make your home more comfortable, but can also be a prudent investment. Popular projects include: kitchen remodels, bathroom additions, deck additions, siding and window replacement � all improvements that, in addition to making a home more livable, may actually increase the value of a home.
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Re: Home Improvement - increase in value? [Re: Angela J. Shirley] #695549 06/15/11 03:20 AM
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What do you guys think about the value of fixing up an outbuilding into a guest cottage?

Re: Home Improvement - increase in value? [Re: Jilly] #700691 07/08/11 01:34 AM
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I would like to think that making a guest cottage on one's property can only help improve the value of a home?

Re: Home Improvement - increase in value? [Re: Jilly] #705315 08/03/11 11:46 AM
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Home remodeling can focus on multiple areas for both indoor and outdoor renovations that benefit the home. Making them more up-to-date and energy efficient, expanding the square footage and remodeling those areas, we need home repair and replacement that can increase the home's value.

Last edited by hireacontractorn; 08/03/11 11:54 AM.
Re: Home Improvement - increase in value? [Re: hireacontractorn] #710059 08/24/11 08:36 PM
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Naturally...home improvement increases the value of our home and helps us to sell them on high price.

Generally, things like kitchen and bath upgrades, and energy conservation items, like high efficiency heating and cooling, and energy efficient windows have the greatest impact on home value. How much all depends on the real estate market in your area. I suggest you work with some real estate appraisers in your area and see what they suggest. You can also look at some homes for sale in your area. See what they have compared to yours, and what they are asking for the house. Don't jump into a several thousand dollar renovation.

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Last edited by fattwe; 08/24/11 08:37 PM.
Re: Home Improvement - increase in value? [Re: Angela J. Shirley] #720755 10/21/11 06:51 AM
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Well, I do think that improving the home will increase its cost value. If you wanna sell your house just do a little bit improvement and then see the jump in its cost.

Re: Home Improvement - increase in value? [Re: Angela J. Shirley] #737202 01/02/12 09:25 PM
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I also think cosmetic efforts do increase the saleability of the home. You may not get more for it, but you just might get it sold. smile

Re: Home Improvement - increase in value? [Re: Angela J. Shirley] #737470 01/03/12 02:17 PM
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Angela J. Shirley Offline OP
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Jilly, is there a way to change this post's title from "This is a SPAMMER!" You can pick a title...

I think the spam was removed???

Hugs,
A

Re: Home Improvement - increase in value? [Re: Angela J. Shirley] #737647 01/03/12 07:08 PM
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Testing - checking to see if I fixed that. good thinking!

Re: Home Improvement - increase in value? [Re: Angela J. Shirley] #739104 01/08/12 06:10 PM
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Angela J. Shirley Offline OP
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Thanks Jilly - you the BEST wink

Re: Home Improvement - increase in value? [Re: Angela J. Shirley] #743384 01/29/12 07:57 PM
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Alison - Home Improvement Offline
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Thanks Jilly smile I'm still getting the hang of this form thing.

As far as the post, I think it depends on several factors. First, the kind of improvements. Studies have shown that updating kitchens and bathrooms add the most value to your home.

Simple, cheap fixes such as putting a fresh coat of paint on the front door, planting flowers, and replacing old hardware on cabinets, etc., is almost always worth it.

But you also have to pay attention to the value of the homes around yours. If you renovate your house so much that it becomes the nicest one in the neighborhood, you may put your home out of the price range of those who are looking to buy in your neighborhood.


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Re: Home Improvement - increase in value? [Re: Angela J. Shirley] #744836 02/06/12 05:03 AM
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This is great information, thank you:

"Studies have shown that updating kitchens and bathrooms add the most value to your home.

Simple, cheap fixes such as putting a fresh coat of paint on the front door, planting flowers, and replacing old hardware on cabinets, etc., is almost always worth it. "

And lol, zero danger of ever being the nicest house on the block... laugh

Re: Home Improvement - increase in value? [Re: Angela J. Shirley] #818892 05/01/13 05:07 AM
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Darrin Offline
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It's true that home improvement will increase its cost value. I personally think that by renovate your kitchen and bathroom,improving your garden will give you better market value. You can improve your house by using marbles, tiles and bathroom fixtures etc..Thanks.

Re: Home Improvement - increase in value? [Re: Angela J. Shirley] #824018 05/31/13 05:18 AM
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This is quite obvious that home improvement can increase the value of any house.

Re: Home Improvement - increase in value? [Re: Angela J. Shirley] #825800 06/13/13 07:58 AM
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If you concentrate your improvements in the right areas, you greatly increase the value of any property.

The 3 areas with the greatest returns are kitchen, bathroom and garden. But always get a professional's advice, and don't try to do it cheaply, this might end up lowering your value instead

Re: Home Improvement - increase in value? [Re: Angela J. Shirley] #855300 02/07/14 08:38 AM
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One of the simplest, most cost-effective improvements of all is paint! Freshly painted rooms look clean and updated — and that spells value.A finished basement not only boosts the value of your home, it increases the usable square footage as well. A finished basement can be used as a rec room, workout room or even a small apartment.

Re: Home Improvement - increase in value? [Re: Angela J. Shirley] #917701 01/28/17 12:51 PM
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I think the biggest benefit of home improvement is just increasing your happiness in your home. If you go to sell your house and your realtor recommends undoing one of the renovations you've done to your house then I think you can assess that when the time comes. However, I think most improvements that people make to their home are upgrades that others would also appreciate.

Last edited by RugGirl; 01/28/17 12:53 PM.
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