Wednesday, February 19, 2014

Home Improvements that Pay Off!

By Christine Schlittenhart, Sierra Pacific Real Estate

Our Real Estate market is still experiencing low inventories and we still have a large number of buyers all competing for the same properties.  Are you contemplating putting your home on the market but you know it needs some work?  What home improvement projects actually “make” you money?  Below are the top 4 researched home improvement projects that you should consider:

1) REMODELING THE KITCHEN  You can expect to recoup 60% - 120% of your investment on a kitchen remodel as long as you don't go overboard.  You should never make your kitchen fancier than the rest of your house, or your neighborhood.

2) BATHROOM ADDITION  If your home only has one bathroom, you can recoup a large chunk of your investment by adding another one.  It is estimated that you can recoup 80% - 130% of whatever you spend adding another bathroom.

3) ADDING SQUARE FOOTAGE  Adding more square footage to your home with a new room can be an incredibly expensive project.  However, you can typically recoup 50% - 83% of your initial investment.  Just make sure you keep your costs under control.

4) DECK ADDITION - If you make your deck and your backyard more appealing, your house will be more appealing to prospective buyers when you decide to sell.  Homeowners can recoup 65% - 90% of their investment by adding a deck.

We need your listings, so contact one of your Meadow Vista Merchant Realtors today to find out what your home is worth and get your home listed and SOLD!

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