It used to be if you do a kitchen, a bath, or any type of improvement, you could expect a dramatic increase in your home value. With the downturn in the market, improvements made a house standout, but would not necessarily add gobs of monetary value to the home.
Fast forward to today: We are on the uptick. Prices are going up as is demand. The markets are very competitive with multiple offers on many properties. What are some projects that can really add some value to your home.
Number one was adding a steel door. At an average cost of $1,100, it is economical and a sell can expect to see 85.6 percent of what they spent returned in added value. An owner can also expect to recoup 79.6 percent of their investment on cement siding. Other high value improvements included windows and minor kitchen updates.
For a complete report, go to www.costvsvalue.com.