One of the most important things to consider when making home additions is how they will affect your home’s resale value. Some additions, such as an updated kitchen or a new bathroom, can add significant value to your home, while others may not provide as much of a return on investment. It’s important to work with a qualified real estate agent to get an accurate estimate of what your particular home additions will be worth when it comes time to sell. In general, however, certain types of home additions tend to add more value than others.
Some of the best home additions for resale value include:
- An updated kitchen: A new kitchen can add thousands of dollars to your home’s resale value, making it one of the best home additions you can make. If you’re planning to sell your home in the near future, be sure to invest in a kitchen that will appeal to buyers.
- A new bathroom: Like an updated kitchen, a new bathroom can also add significant value to your home. If you have an outdated or small bathroom, consider adding a new one or expanding the existing one.
- A pool is another great way to add value to your home. Pools are not only enjoyable for families, but they can also be a major selling point for potential buyers.
- An outdoor living space: Outdoor living spaces, such as decks and patios, are becoming increasingly popular with homeowners and buyers alike. These types of home additions can not only add value to your home, but they can also provide you with additional living space to enjoy.
- A finished basement: A finished basement can be a great way to increase your home’s resale value. Basements can be used for a variety of purposes, such as extra living space, storage, or even a home office.
Making home additions is a great way to improve your home and make it more valuable. However, it’s important to keep in mind that not all additions will necessarily add value to your home. Be sure to consult with a qualified real estate agent before making any final decisions about which additions to make. With careful planning and execution, you can make home additions that will increase your home’s resale value and make it more enjoyable for you and your family.
A good-looking garage door is high on the list when it comes to getting cash back on your investment. The estimate for this job is based on the cost of removing and disposing of 16-by-seven-foot garage doors and replacing them with four-section doors with heavy-duty galvanized steel tracks, and assumes you’re reusing the motorized garage door opener.
Nationally, homeowners recoup an average of 80.5% of the cost of a garage door upgrade when they sell their homes, according to the latest data from Remodeling magazine’s Cost vs. Value Report. That puts it at No. 4 on the list of home improvement projects that offer the best payback.
