Quest Personals
Home Improvement?
Does anyone know how major home improvements can help the worth of your home. For example renovation of a bath– how much does it increase your home’s value??
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Kitchens generally will get you the biggest increase, but it’s impossible to say how much. It will depend on what you do to your kitchen and how much it costs. Spending $20K on an upgrade that will only bring you $10K of increase in home value is possible but not what you want. I’d talk to a local realtor to get their input.
Generally, things like kitchen and bath upgrades, and energy conservation items, like high efficiency heating and cooling, and energy efficient windows have the greatest impact on home value. How much all depends on the real estate market in your area. I suggest you work with some real estate appraisers in your area and see what they suggest. You can also look at some homes for sale in your area. See what they have compared to yours, and what they are asking for the house. Don’t jump into a several thousand dollar renovation.