It is no secret that home prices are rising across the country, and at a rapid pace. This trend is sure to keep increasing over the next few years, so there is no better time than now to invest in your home to capitalize on its value when you are ready to sell. Enhancing your homes value has become a must in todays Real Estate market. Below in Figure 18 are Realtor.com’s 8 factors that enhance a homes value.
If you are considering selling your home, you may be thinking is it really worth it to renovate your home. You may be asking questions such as: Is digging up the backyard to put in a pool worth it? What about upgrading a tired-looking kitchen with gleaming marble countertops? And what about installing high-tech speakers—throughout the house? The answers may seem like a no brainer if you are looking to get top dollar when you’re ready to sell. But, in todays Real Estate Market, when it comes to increasing your home’s appraisal value, the answer to them isn’t always yes.
To help ensure that your renovation dollars are well spent, Remodeling Magazine did a study, asking Real Estate Professionals which renovations pay the greatest returns when a home is sold. Below in Figure 19 is their findings.