What Home Improvements Increase Value?

Colin Delaney February 27, 2011

Costa Mesa Real Estate- Projects that Add Value

Perhaps you saw the news yesterday that Lowe’s and Home Depot results were better than expected, showing that people are once again putting money back into their homes.

Looking for a spring project for your home? Ever wonder What Home Improvements Increase Value?

Perhaps you are debating between renovating the kitchen or replacing your windows?? Here is a look at a few projects from a recently completed national survey by Remodeling Magazine that will give you the best bang for the buck on your local home improvements:

  1.  Front Door – Believe it or not, a new steel door will actually hold more than 100% of it’s value on a dollar for dollar repalcement.
  2.  New Garage Door – 84%
  3.  Fiber Cement Siding -80%
  4.  Wood Deck – 73%
  5.  Minor Kitchen Remodel- 73%
  6.  Wood Windows – 73%
  7.  Remodeled Attic into a bedroom -72%
  8.  Finished Basement – 70%
  9.  Completely New Kitchen – 68%
  10. . Two Story Addition – 65%
Now, some of those improvements simple do not gel in here locally in Costa Mea. Obviously we do not have basements and it would be very rare to have the kind of attic space you need to create a bedroom. Additionally, putting wood windows in this close to the beach/ocean will give you years and years of constantly redoing the windows because of our climate.
 
What are the improvements that Costa Mesa real estate buyers are looking for today?
 
Would you think new roof, beautiful landscaping, or tile floors?
 
NOPE! The top few that we see each week are wood floors, remodeled kitchens with granite counters, remodeled baths, and new windows.
 

Costa Mesa Real Estate Great Rooms

It’s really all about the interior with homes locally today.
 
Considering what to add to your property that would create value? Feel free to talk to me about ideas that would return the best $$$ or consult with GateHouse Properties staff designer.

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