Find Denver Real Estate
Featured Homes
Get Pre-Approved
HotList of Homes
Zero Down Home Loans
HomeFinder Service
Rent to Own
First Time Buyers
Sellers
What's Your Home Worth?
Refinancing
Schools
Loan Calculators
Contact Us
 
Will Your Home Improvements Return Your Investment?

Remodeling is becoming more popular among homebuyers. You may not find everything perfect about your new or present home, but smart homebuyers will look for a home with most of the features they need, and remodel or add on to get exactly what they want.

For home sellers, remodeling can also help sell the home faster. Many of the remodeling projects that can help sell the home faster can also return their full cost or more. In most regions of the country remodeling a badly outdated kitchen or bath can return more than 100% of the cost if you don't go overboard. Other efforts can show similar returns.

Some inexpensive remodeling fixes that bring strong returns are:

  • Lightening and brightening a room.
  • Floor repairs and re-carpeting
  • Plumbing and electrical repairs or replacement
  • Exterior and interior painting

When considering home improvements, research your local real estate market to find out if your project will return your investment when it is time to sell, and consult your agent. They are the person with this kind of important information. Here is a sample based on some major cities within states:

  • Kitchen remodel (minor) - 125% in Connecticut
  • Basement remodel - 98% in California
  • Master Bedroom - 86% in Florida
  • Bathroom addition - 96% in Missouri
  • Bathroom remodel - 90% in Oregon

After doing research on your a remodeling project or addition , be sure to look around your neighborhood and make sure your plans are consistent with other homes on your block. An elaborate addition in a modest neighborhood will stick out and probably not provide the return you are hoping to receive. Someone who can afford the extra money to buy your home will more likely search in a more expensive neighborhood.

Back to Examples Articles from Our Newsletter
Copyright © 2005 Nationwide Home Loans. All rights reserved