How to Add Value With an Addition to Your Home
Although a large-scale addition to your home may seem like an impressive and foolproof way to add value and attract a good price from buyers, smaller additions and improvements are usually a better choice. Homeowners need to weigh their decisions carefully. An addition pricing a home above the neighborhood’s average can hurt the seller’s profit, and smaller improvements increasing curb appeal can boost value quickly and easily.
Step 1: Consider the average amount of money recouped from home additions when choosing your own project. According to Remodeling Magazine’s annual report on cost versus value of various mid-range remodeling projects, a new steel entry door tops the list of money recouped with 128.9 percent. Rounding out the top five are: adding an attic bedroom, adding a deck, replacing vinyl siding and doing a minor kitchen remodel.
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