The longer a homeowner stays in a property, the greater the opportunity for a return on investment, he said. “Consumers should be aware that cost does not necessarily equal value,” he added. For an unbiased analysis of what their home would be worth both before and after an improvement project, a homeowner can work with a professional real estate appraiser — such as a Designated member of the Appraisal Institute — to conduct a feasibility study.
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Home improvements that make your home more valuable – WagonerTribune.com: Real Estate
However, Remodeling Magazine reports that youll actually recoup 8.5 percent more of the costs of a minor kitchen renovation compared to a major kitchen renovation. So instead of redoing the kitchen completely, accomplish a few minor DIY kitchen updates like changing out faucets and lighting fixtures, painting cabinets, adding new hardware to drawers and cabinets, and replacing old appliances with newer (and often more energy-efficient) models. Experts also say that adding an attic bedroom and finishing the basement are two of the largest renovations that give you the best return on your investment, allowing you to recoup more than 84 percent and nearly 78 percent of the cost, respectively. Before jumping into complicated or expensive DIY projects, take a moment to assess which ones are worth your time and money.
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