5 Ways to Increase the Value of Your Home
In today’s real estate market, homeowners are updating their houses to take advantage of new designs and technology toward increasing total home value. There are few projects that will almost always increase the value. Like all home improvement projects, some provide a bigger return than others. Here are five home remodeling projects that are sure to add value to your home.
1. Kitchen Remodeling
The kitchen is the heart of the home, so eager homebuyers often look to it as the focal point. It’s often the first and last room potential buyers look at during a walk-through. If you’re looking to increase the value of your home, start with the kitchen.
According to Remodeling Magazine, homeowners can recoup anywhere from 68 percent to 75 percent of their kitchen remodeling costs. Whether you update the counters, cabinets, or appliances, you will undoubtedly increase its value. With the average kitchen remodeling cost at $17,226, homeowners can expect to recoup at least $11,713.