Thursday, April 16, 2015 / by Matt Chase
Home Improvements That Can Potentially Pay You Back!
Many things come to mind when you are considering whether or not you want to sell your home. What are the school ratings in the Lorain County area? What type of person or family does your home appeal too? Has your home gone up or down in value in the Lorain County area market? While all of these are important topics to think about, there are a few things that can give you some answers. Today, I will discuss home improvements that can pay you back.
Adding square footage on your home is one thing that will increase its value. Most of the time this home improvement can be costly but once completed can really be a great selling feature of a home. Generally, you will receive 50-85% back when you complete an appealing square footage addition onto your home. Another addition that will increase your home’s value is the addition of adding a bathroom. Deciding to add another bathroom onto your home will potentially give you 80-130% back, if you decide to sell your home.
A deck addition is sometimes a huge selling point for homes in certain areas. A simple deck addition and backyard renovation or landscaping can increase your homes worth. You can also expect a 65-90% pay back to your work. While making sure your backyard is maintained you should also be sure your front yard, or curb appeal, is up to date as well.
Although a deck addition and backyard is on most people’s “wish-list”, a beautiful kitchen tops that request. When you choose to remodel your kitchen, you can expect to see a return of 60-120% back on your investment. The only downside is you should be careful not to make your kitchen “fancier” than the rest of your home or competing neighborhood homes. Another improvement could be style changes to the kitchen or any other room in your home.
When choosing to sell your home or not, a simple evaluation of whether or not any of these home improvement tasks fit your schedule or budget should be done. If you are ready to sell your home or want to discuss your options, feel free to reach out to the Chase Group at Keller Williams Realty Greater Cleveland West at 440-452-2000 or visit ushere.