Des Moines Remodeling Projects That Will Increase Your Home’s Value
November 22, 2011 by Customer Care
DES MOINES, IA, Nov 22, 2010 – Whether you are thinking about putting your home on the market or you are concerned about increasing your home’s equity in a time of depreciating house values, knowing which remodeling projects yield the best return on investment, is critical, says Robb Spearman of RE/MAX Real Estate Concepts.
“Not all home remodeling projects are equal in terms of ROI,” explains Spearman. “In today’s economy it’s important that homeowners understand the value a particular home renovation will – or won’t – add to their home.”
Spearman recommends checking with your local real estate professional or researching websites such as the National Association of Home Builders to determine the potential return on a remodeling project. Following, are the top 10 renovations in terms of increasing your home’s value:
- A Home Office Remodel
With more and more people telecommuting in today’s difficult business climate, home offices are becoming less of a luxury and more of a necessity. - Renovate or Add a Family Room
A family room is an excellent way to make existing homes more like new construction. - Replace the Roof
The roof is one of the first impressions people have of a home. Replace an old roof or change the character of your home by looking into architecturally styled roofing tiles. - Landscape Your Yard
Landscaping is also an integral part of your home’s first impression. A professionally landscaped yard adds value to your home and increases your living space. - Replace Old Windows
Thirty percent (30%) of a home’s energy is lost through its windows. Replacing old windows with energy-efficient ones ups the overall quality of the house and saves you money on monthly utility bills. - Remodel Your Basement
Do you have unused space that serves as a black hole of unused items … like your basement? Remodeled basements make excellent game rooms or guest suites, adding value to your home without adding space. - Paint
While a basic step, the value of a good paint job can’t be emphasized enough. Hire a professional if you need help and keep the colors neutral if you’re looking to sell. - Remodel Your Kitchen
Kitchens sell a home, and in this case, size does matter. But a kitchen remodel is a long-term investment; you’ll see payback 10 years down the road. - Remodel or Add a Bathroom
A bathroom remodel can mean making the most of your current space by upgrading fixtures, flooring and lighting. Or add a bathroom and automatically increase the value of your home.
When looking to add value to your home, Spearman advises taking into account the other homes in your neighborhood. “You want to make sure your home is comparable to the homes in your community and can compete with any new construction in the area. If most of the homes have a modern kitchen, for example, you’ll want to update yours.”
For more information, please contact RE/MAX Real Estate Concepts at 515-276-2872 or RE/MAX Real Estate Concepts.
Filed under Des Moines Real Estate Blog
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