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6 Home Remodeling Projects That Add Value

6 Home Remodeling Projects That Add Value

It's a popular practice these days for homeowners to upgrade and remodel in order to increase their home's resale value. However, not all home remodeling projects are cost-effective when it comes to adding appraisal value to the home.

It's a popular practice these days for homeowners to upgrade and remodel in order to increase their home's resale value. However, not all home remodeling projects are cost-effective when it comes to adding appraisal value to the home. If your home is in relatively good shape and your primary goal is to bump up the value, here are a few smart home remodeling projects worth considering.

1. Remodel the kitchen

The kitchen is the centerpiece of the home, and it's the place many prospective homebuyers look first in order to decide if they're interested in making an offer. You don't necessarily have to gut the kitchen completely (unless it needs it), but updating old appliances and fixtures, or refinishing/replacing cabinets, can all add value. An experienced home remodeling and restoration professional should be able to advise you as to how extensive your kitchen remodel should be.

2. Add a bathroom

Adding a bathroom can be a more extensive project, but more bathrooms usually equals higher appraisal value (especially if it's an older home with fewer bathrooms to begin with). If your home's floor plan will allow it, consider putting in a new bath or half-bath. (Updating existing bathrooms is slightly less cost-effective value-wise, but it's still a good idea if you're planning to sell.)

3. Finish out the basement

A basement remodel is a great way to add usable square footage to your home without adding on. Depending on the size of the basement, you may be able to create a family room, recreation area, or even an extra bedroom or small apartment--all of which can increase your home's appraisal value.

4. Landscaping/increasing curb appeal

Let's face it: first impressions matter. Adding appealing landscaping to front and back yards can not only increase your home's appraised value, but also it's perceived value, making it attractive to potential buyers who will be willing to pay more for the home.

5. Create outdoor space

Adding on a sunroom or deck behind your home generally costs less than a room addition, but it adds usable square footage, not to mention general appeal for potential home buyers.

6. Repair damage

Obviously, if your home has suffered from fire or water damage, it's important to get the damage repaired before trying to sell your home. It won't necessarily add value to your home, but it will definitely help to minimize any decrease in value the damage might have caused.

For quality home remodeling service in Portland, as well as fire and water damage restoration, trust the experts at Willamette Restoration Services, Inc. They have been providing excellence in home improvements and restoration at affordable rates for more than twenty years. To learn more about value-adding home remodeling projects, they can be reached at (971) 252-3003.

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