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8 ways to boost your home value
Guest_Anonymous
8 ways to boost your home value


1: The Kitchen Is Still King

Buyers of all kinds have long focused on the kitchen, but it holds particular sway over the newest wave of first-time homeowners. A “modern/updated kitchen” topped the list of ideal home features in our survey of millennials, registering as most important to more than a third of respondents. If you plan to sell, don’t rip your kitchen down to the studs; a smaller investment can have serious impact. For as little as $5,000, you should be able to add a new suite of appliances, as well as a new countertop and flooring, resulting in a fresh, coordinated look. Applying a fresh coat of paint to the walls or cabinets, and updating the hardware, can also breath new life into the space.


Potential bump in sale price: 3 to 7 percent


2: Make Floor Plans Work Harder

Bigger isn’t necessarily better in today’s market, but strategically increasing the amount of living space is sure to boost home value. An “open floor plan with flexible living space” was second only to an updated kitchen on millennials’ list of most desired features.

Finishing a basement is the most common way to add usable square footage to a home. Most homeowners spend between about $10,000 and roughly $27,000 converting a basement, depending on the size of the spaces. Attic conversions are another option. The average attic remodel in 2014 cost $50,000.


Potential bump: 4 to 6 percent


3: Don’t Let Your Home Be an Energy Hog

Lowering your home’s energy costs will save you money for as long as you live there and is expected to be a major selling point down the line. Indeed, “energy-­efficient” was second only to “safe community” on the list of attributes that would most influence a purchase decision.


And don’t forget about water heating, which accounts for 16 percent of energy costs in the typical home. Spending $1,800 to $2,400 on a new unit is another way to impress efficiency-minded buyers.


High-efficiency windows. Energy Star certified windows can lower your home’s energy bills by 7 to 15 percent.

That will be a selling point with buyers, though replacing every window in a home costs anywhere from $8,000 to $24,000, so you probably won’t recoup the entire investment if you plan to sell right away.

LED lights. Choose the Feit Electric 60 Watt Replacement 9.5W LED, a $7 bulb that delivers superb light quality and has a 23-year life expectancy.

Potential bump: 1 to 3 percent


4: Keep It Simple and Stress-Free

Stain-prone stone countertops, grime-­collecting ornate cabinets, and dust-­catching wall-to-wall carpet used to be symbols of luxury, but today’s homebuyers are more likely to equate them with extra work.

Beyond a home’s cosmetic finishes, it’s important to keep the major mechanical systems in working order. Many first-time buyers will have used up much of their savings on the down payment, so they want to know that the heating system, plumbing, and electricity have been recently updated. Central air conditioning is also in demand because it eliminates the need to switch window units in and out.

New roof. This will help assuage fears of water damage, ice dams, squirrel infestation, and other home disasters that can result from an old, shoddy roof. For a typical 2,300-square-foot house, you might be able to put on a new asphalt shingle roof for as little as $6,000.

Hardwood floors. More carpets are being replaced with long-wearing hardwood flooring with a durable factory finish. Engineered wood flooring, which uses a thin veneer of real wood or bamboo over structural plywood, tends not to wear as well as the solid stuff, though it has the same look and tends to cost less, making it a good choice if you plan to sell soon.

Potential bump: 3 to 5 percent


5: Build a Home for ‘the Ages’

By 2040, there are expected to be almost 80 million seniors accounting for 21 percent of the population. The existing housing stock isn’t equipped to safely accommodate that many older people—too many steep staircases, narrow walker-­unfriendly doorways, and slippery step-in bathtubs and showers. Forward-thinking homeowners are making necessary improvements to their home now—and those changes will benefit people of all ages, not just seniors.
Walk-in shower. Curbless showers eliminate the threshold between the shower and surrounding bathroom, making them wheelchair accessible, not to mention sleek and streamlined.

Master on main. A floor plan in which the master bedroom is on the first floor reduces the need to climb stairs.Creating a truly functional master-on-main suite usually involves a multiroom renovation, which can cost upward of $35,000.

Comfort-height toilets. These toilets are a few inches taller, which makes getting on and off easier. Most top flushers in our tests are comfort height, including the Glacier Bay N2428E two-piece toilet.

Potential bump: 1 to 2 percent


6: Paint Is Still a Potent Upgrade

Paint keeps your home looking its best while also defending its surfaces from wear, tear, and the elements. If you’re getting ready to sell, don’t blow thousands having every square inch repainted. Instead, focus on high-traffic areas, including the kitchen and bathrooms.

Neutral color scheme. Whites and off-whites remain the top-selling interior colors and will appeal to most home buyers, allowing them to envision the space as their own.

Potential bump: 1 to 2 percent

7: Remember the Great Outdoors

Your home’s property is another opportunity to expand its living space. Adding a deck or patio, with room for seating and a built-in or freestanding grill, is a way to create a defined space for outdoor living on a large or small scale.


Curb appeal. Trimming overgrown shrubs and making minor repairs to the façade, including painting the front door, can deliver quick results. Replacing worn-out siding is a major undertaking, costing $12,000 on average, but it can give your home a complete facelift.

Water-smart yard. Replacing a section of turfgrass with native ground covers or pea gravel will reduce the maintenance costs while adding visual interest.

Potential bump: 3 to 5 percent


8: Make Sure Your New Technology Is Smart

High-tech features offer notoriously bad returns on investment because technologies tend to evolve quickly.

But certain smart devices add to home value and interest, including programmable thermostats.


Whole-house generator. Power failures are a reality for more homeowners. Stationary generators can usually power the entire property.



Posted on: 2016/2/3 21:25
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