679,404
Painting, updated flooring, Stainless appliances, updated countertops, updated bathrooms
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Kris Collis, Associate...
East Stroudsburg, PA
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Debe Maxwell, CRS
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
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Dan & Laurie Pittsenba...
Bellingham, WA
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PropertyMinder (Accele...
San Jose, CA
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Nina Hollander, Broker
Charlotte, NC
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Ron and Alexandra Seigel
Carpinteria, CA
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Alan Blake
Berryville, TX
7,836,164
Painting and carpet are high on the list.
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Debe Maxwell, CRS
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
-
Dan & Laurie Pittsenba...
Bellingham, WA
-
PropertyMinder (Accele...
San Jose, CA
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Nina Hollander, Broker
Charlotte, NC
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Ron and Alexandra Seigel
Carpinteria, CA
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Alan Blake
Berryville, TX
5,104,931
I can't add much to what's already been said except maybe to make sure that landscaping and backyard are manicured... curb appreal is a must. And in many markets these all don't really add "value" per se... they make the home easier and quicker to sell at top of market value.
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Kris Collis, Associate...
East Stroudsburg, PA
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Richard Weeks
Dallas, TX
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Bob "RealMan" Timm
Minot, ND
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Peter Testa
Danbury, CT
-
Dan & Laurie Pittsenba...
Bellingham, WA
-
PropertyMinder (Accele...
San Jose, CA
1,390,113
Most home improvement projects add value, but none add more value than they cost.
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Kris Collis, Associate...
East Stroudsburg, PA
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Dan & Laurie Pittsenba...
Bellingham, WA
-
PropertyMinder (Accele...
San Jose, CA
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Nina Hollander, Broker
Charlotte, NC
758,035
Updated Kitchen & Bathrooms. Landscaping. No deferred maintenance- so clean gutters, fresh paint, everything working right. I am also a big fan of a special feature that makes the property stand-out over others. Maybe it's an Inlaw apartment, a Bar in the Family Room or a Hot Tub & Pool with Deck or Patio. Maybe it's something simple, like upgraded lighting or a Chandelier.
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Kris Collis, Associate...
East Stroudsburg, PA
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Dan & Laurie Pittsenba...
Bellingham, WA
-
PropertyMinder (Accele...
San Jose, CA
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Nina Hollander, Broker
Charlotte, NC
2,781,173
A smart kitchen, cozy bath and good floor coverings still hold-up. Fresh paint, landscaping and a clean home all market well too
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Kris Collis, Associate...
East Stroudsburg, PA
-
Debe Maxwell, CRS
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
-
Dan & Laurie Pittsenba...
Bellingham, WA
-
PropertyMinder (Accele...
San Jose, CA
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Nina Hollander, Broker
Charlotte, NC
427,257
Please educate me more on this subject. What home improvements add value in your marketof Berryville, TX?
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Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Dan & Laurie Pittsenba...
Bellingham, WA
-
PropertyMinder (Accele...
San Jose, CA
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Nina Hollander, Broker
Charlotte, NC
5,583,278
it depends on the magnitude of the home.... but typically, an updated kitchen and updated bathrooms....
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Kris Collis, Associate...
East Stroudsburg, PA
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Bob "RealMan" Timm
Minot, ND
-
Dan & Laurie Pittsenba...
Bellingham, WA
-
PropertyMinder (Accele...
San Jose, CA
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Nina Hollander, Broker
Charlotte, NC
5,772,575
Alan,
I would add kitchen, master bathroom to the comments given thus far. Of course it has to make sense numbers wise. A
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Kris Collis, Associate...
East Stroudsburg, PA
-
Bob "RealMan" Timm
Minot, ND
-
Dan & Laurie Pittsenba...
Bellingham, WA
-
PropertyMinder (Accele...
San Jose, CA
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Nina Hollander, Broker
Charlotte, NC
1,543,823
Tackle all the deferred repairs before you make it pretty!
Then...
Kitchen, Bathrooms, Windows, Paint, Flooring, Landscaping
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Kris Collis, Associate...
East Stroudsburg, PA
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Bob Crane
Stevens Point, WI
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Debe Maxwell, CRS
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
5,216,409
Painting and flooring may get you 100% plus return. All others, not so much!
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Debe Maxwell, CRS
Charlotte, NC
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Kathleen Daniels, Prob...
San Jose, CA
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Bob "RealMan" Timm
Minot, ND
-
Dan & Laurie Pittsenba...
Bellingham, WA
2,390,620
Most projects add appeal and comfort but none or few actually put you on the plus side financially.
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Peter Testa
Danbury, CT
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Debe Maxwell, CRS
Charlotte, NC
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Richard Weeks
Dallas, TX
1,052,211
No one posted this??
Comes out annually and is REGIONAL. Very valuable info!
Remodel Mag 2019 Cost Vs Value Report
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Richard Weeks
Dallas, TX
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Alan Blake
Berryville, TX
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Bob "RealMan" Timm
Minot, ND
6,393,609
Landscaping, repairs, paint, kitchens, baths
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Bob Crane
Stevens Point, WI
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Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
900,128
Kitchens and bathrooms.
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Bob Crane
Stevens Point, WI
-
Debe Maxwell, CRS
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
469,510
Fresh paint, flooring, kitchen counter back splash and counter tops (if needed) along with yard clean up and beauty bark or other fresh ground cover in the flower beds typically bring the best return for dollars expended.
Whether or not one makes a profit on the dollars expended largely depends on what one is starting with. I've had such improvements actually net the seller $20K or more profit on the dollars spent. On a home that what pretty good to begin with - we're mostly looking at improvements to help get the home sold and "probably" get the expended funds back.
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Debe Maxwell, CRS
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
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Peter Testa
Danbury, CT
21,759
Kitchens, bathrooms and curb appeal! Another great way to dig deeper into this is by looking at the comparables from an appraisal report and seeing what adjustments were made to the subject and the comps so you can know EXACTLY what weighs in and how much. Since real estate is so specific to location I think this 'age old' question is loaded but this is probably to only true way to 'actually add value to the home' because you're taking the professional appraisers opinion of value and improving upon it while not pricing yourself out of the neighborhood.
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Bob Crane
Stevens Point, WI
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Debe Maxwell, CRS
Charlotte, NC
231,948
Kitchen and bathroom remodel is the common answer. But in my opinion, that is just cosmetic. Newer plumbing, electric, furnace, A/C and roof and hiring an experienced home inspector to really find out all there is, would be my choice. Contacting a Realtor well in advance before any work is done and have the seller fully understand the advantage/disadvantage of each "remodel" will make them the most money as wel as the least. Or if you represent the buyer, educate them of the pro's and con's. Cosmetic can always be done later by the buyer tomake the house to their own taste.
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Debe Maxwell, CRS
Charlotte, NC
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Alan Blake
Berryville, TX
2,535
In my opinion, the projects that add the most value to a house are not the strictly decorative ones, but those that offer added value. For example, putting in floor heating or any other change that has a positive impact on energy consumption
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Alan Blake
Berryville, TX
5,230,113
Curb appeal improvments and backyard hardscaping are supposed to be #1 (based on NAR reports). In the Charlotte area, kitchen & bath improvements as well as flooring & paint.
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Peter Testa
Danbury, CT
3,345,091
I am with Wayne Martin on this ... and it depends on the property and the location ... and what the particular market is doing. Sometimes it just makes sense to clean it up inside and out. Knowing the market is key. This is NOT a one size fits all formula. Some may say it is ... I disagree.
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Debe Maxwell, CRS
Charlotte, NC
1,725,996
Kitchen always rates #1. Same answer for both of your questions.
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Debe Maxwell, CRS
Charlotte, NC
3,416,038
Kitchen, bathrooms, roof, siding, windows, heating system, paint and flooring.
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Debe Maxwell, CRS
Charlotte, NC
921,504
Indoor pools. Solarium's. Koi ponds and don't forget the gravel drive to alert the owner when a visitor has arrived.
Best roi before sale is repair, clean, paint, update.
A house with obvious obsolescence must limit the investment to resale potential. $100,000 to upgrade an obsolete kitchen could be a really bad decision.
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Debe Maxwell, CRS
Charlotte, NC
556,536
All home improvement projects add value. The question is how much and which ones pay for themselves.
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Debe Maxwell, CRS
Charlotte, NC
4,882,355
In my opinion: paint, carpet, front landscaping.
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Debe Maxwell, CRS
Charlotte, NC
1,502,998
Are you on Reddit too? Could have sworn I saw this exact question pop up in my daily email from them.
Move-in ready is preferred.
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Debe Maxwell, CRS
Charlotte, NC
5,049,450
No doubt it varies by market but simple cosmetic changes are unlikely to add much value, but they will make the home more appealing compared to the competition. Updated kitchens and baths certainly help, as do new appliances.
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Debe Maxwell, CRS
Charlotte, NC
911,338
It can depend on what you're starting with. Sellers need to be careful not to overspend when doing remodeling and improvements.
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Bob "RealMan" Timm
Minot, ND
883,732
5,868,554
1,311,397
Modern kitchens and bathrooms are very popular.
Open and spacious kitchen and family room renovations are also very popular.
4,936,705
2,071,025
4,272,548
1,239,901