The 2014 Remodeling Cost vs. Value report is out and Realtors rated exterior projects among the most valuable updates, in part due to the fact that they improve a home’s curb appeal – a buyer’s first impression of a home.
An overview of the best improvements:
1. Steel entry door. A little more than $1000 can make a great impression as a clean, bright, energy saving welcome into a home. What better way to make a great first impression than investing in the entryway buyers will first access your home during a showing.
2. Wood decks. 87% money spent recouped during a sale, on average
3. Exterior siding. 78-87% recouped.
New garage doors and windows also topped the list.
Inside the home, top updates with value include an attic expansion and minor kitchen remodel. Think new flooring, countertops lighting, cabinet hardware and perhaps new appliances to refresh the most used room in the house without a big price tag. One update the study ranks low on resale value is a home office remodel. Read entire article here.
Keeping your home updated through the years makes preparing to sell much easier. If you are considering selling, take a tour of some open houses in your area to see how your neighbors have updated their home and choose what to take on to update to compete.
You can also talk to your local First Weber Realtor to see what home trends are popular. By viewing and showing many, many properties in your community, these agents really have a handle on what buyers like and can offer you some good advice.
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