Making your house more efficient, adding square footage, upgrading the kitchen or bath and installing smart-home technology can help increase its value.
Closure of facilities – public services, employment, amenities; if any of these services close, it could impact the value of your house as they're often appealing to buyers. Low school ratings – buyers pay to live in areas with good schools because they want their children to have access to the best education.
So how much value does a new front door add? According to Remodeling magazine, replacing your entry door has an average ROI of 74.9%. With that ROI, you could potentially add three-quarters of the front door cost back into your home's value.
Your home's proximity to grocery stores, public transportation, schools, and restaurants affects your appraisal value. In general, the higher the market value of your location, the higher your appraisal value.
A new kitchen can increase home value. In general, the value is expressed as the percentage of money spent on the remodel the homeowner recovers after the sale of the home. Better Homes and Gardens says homeowners can expect a return of about 52% on their investment in a new kitchen if they sell their home.
“Consider white tile, chrome or nickel fixtures, a white porcelain shower and tub, and efficient low-flow toilets and new piping,” says Dogan. “A renovated bathroom can add up to $50,000 to the value of your home,” for a dream renovation with top-of-the-line additions.
According to a recent Zillow analysis, statistics showed that front doors painted black can increase your home's value by 2.9%.
Keep the space primarily as a place to store your car, says Lopez. A garage (or even half of a two-car garage) that's been reimagined as something else—a painting studio, furniture-refinishing area or craft room—will not enhance the value of your home.
Replacing the windows of your house falls under the category of the top ten home improvements that increase value. For example, if the cost of replacing all the windows in your house turns out to be $15,000, the value of your house will increase by approximately $11,000.
They say that the three most important things to think about when buying are home are location, location, location. You can live with almost any imperfection in a home if you love the neighborhood and your neighbors. You can change almost everything else. But, once bought, you cannot change your home's location.
Factors that make a home unsellable "are the ones that cannot be changed: location, low ceilings, difficult floor plan that cannot be easily modified, poor architecture," Robin Kencel of The Robin Kencel Group at Compass in Connecticut, who sells homes between $500,000 and $28 million, told Business Insider.
Adding ceiling fans to rooms like bedrooms, the living room, or family room will add value to your home immediately.
Does adding a bathtub to your home increase your resale value? The short answer is yes, with many US homeowners recouping around 60% of their investment from having a bathtub installed in their home.
And the color that adds the most value to a home is… black. Not only is this color the most searched-for on Google this year, but it also will add $6,271 to the resale value of your home, according to Zillow.
Neutral Siding Colors Are The Best For Resale Values
Neutral colors are by far the best for resale value because they appeal to the broadest group of potential buyers.
According a Zillow Paint Color Analysis, a black front door could increase the price of your home by 2.9 percent.
The higher the home's value, the more buyers will expect to see high-end appliances in place. Lower estimated values will cater to buyers who are on a tight budget, and they may not like the idea that they're paying more for a house due to its luxury appliances (which many of them might feel indifferent too, anyway.)
On average, this trend alone can boost a home's value by $1,547. By painting your kitchen cabinets and then pairing them with some new hardware that dollar amount can increase significantly.
If you are looking for an easy way to instantly increase the value of your home, then adding a kitchen backsplash is a great idea! A backsplash will not only add charter and charm to your home, it increases the value of your biggest home asset—the kitchen! The good news is that tile doesn't have to be expensive.