10 Home Improvements That Can Add Value to Your Home

Kitchen remodel.Imagine your home with a new, fully remodeled kitchen – or a carpeted recreation room in the basement for the kids. Home improvements and upgrades not only make a space more pleasant to live in, they can also add value to your house.

Here are 10 home improvements, and the estimated return on investment* of each project:

1. Home office | 43%

Working from home, or “telecommuting,” is becoming increasingly popular, and many shoppers are looking for a dedicated home office. Upgrades could include cabinets, a built-in desk, ample power outlets and Internet access.

2. Kitchen | 70%

New cabinets, countertops, appliances and tile can add significant value to your kitchen, which is often the most scrutinized room in a house.

3. Extra bathroom | 78%

Adding an additional full or half bath can make your home more attractive to buyers with larger families.

4. Finished basement | 50-83%

A finished basement not only boosts the value of your home, it increases the usable square footage as well. A finished basement can be used as a rec room, workout room or even a small apartment.

5. Finished attic | 73%

Don’t stop with the basement; finishing the attic adds the same benefits and gives your home more livable space.

6. Windows | 70%

Heating and cooling costs can really add up if your home has old, drafty windows. New insulated windows are a great investment, since they can add value to your home while paying for themselves through energy savings.

7. Siding | 80%

New siding can rejuvenate the look of an older house and protect it from the elements.

8. New roof | 60-65%

If you’re due for a new roof, consider replacing it before putting your home on the market. While some homebuyers are looking for a fixer-upper, most would rather find a house that’s move-in ready.

9. Deck | 80%

Investing in outdoor upgrades is a great way to make your home more attractive to buyers.

10. Paint | 75%

A fresh coat of paint can freshen up any room. When getting ready to sell, paint the rooms of your house with neutral tones; some bold colors can be off-putting to buyers.

You may have a wish list of home improvements, so how do you choose which ones to complete? And do you pay for the upgrades by saving, or using a home equity line of credit? Let us know your home improvement strategy in the comments below.

*ROI estimates from Nationwide Bank, Nationwide Newsletter, U.S. News and qualitysmith.com.

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  • George Volks

    These are great tips for home improvement! As for me, I think having a home office will also boost house value, as it did actually increase the value of my home. I mean, who can resist the huge study table, the solid hardwood flooring made of oak, and the elegant furniture in this office away-from-office?