With the real estate market still sluggish, homeowners have been forced to think about remodeling to increase the value of their home. Property upgrades and renovations are some of the best ways to attract qualified buyers, and many can be achieved for $15,000 or less.
The 2009-2010 Remodeling Cost vs. Value Report indicated a return to practical, basic renovations, and this trend continues. Exterior replacement projects are at the top of the ratings. One reason is that curb appeal has a strong effect on prospective buyers. Jobs such as replacing a front door, touching up the paint, fixing walkways and even adding better plants greatly increases appeal for potential buyers.
Another trend is toward attic and basement renovations. A solid way to increase the worth of a home is to increase the amount of livable space. Remodeling a basement into a bonus room or bedroom is a solid means of accomplishing this. The Cost vs. Value Reports lists attic bedroom and basement remodels as to of the most popular mid-range projects homeowners are currently undertaking.
Kitchen and bathrooms are always strong selling points and never go out of style as valuable real estate innovations. Even small changes such as a shower upgrade or upgraded appliances can be a nice touch. Simple ways to give an old bathroom new life include a coat of paint, new shower curtain, and new sink.
Other possible remodeling plans to consider include adding a sunroom, upgrading the garage, or replacing siding. These things are key to the success of any seller’s real estate transactions: Make a great first impression, and invest in projects that add real value for the home buyer.