How can I improve the value of my property?
Outside of a homeowner’s control, the biggest factor is market conditions. Other important issues are:
– condition of the property
– specific home improvements
– neighborhood stability and safety
The greatest rise in home prices occurs when the economy is strong and the number of home sales is increasing. Specific home improvements can increase the value above the cost of the improvements.
– remodeled bathroom returns, 81 percent to the owner
– bathroom addition, 89 percent
– master bedroom suite, 82 percent
Remember, quality pays. Well-planned and well-executed remodeling jobs are a good investment while bad work seldom enhances value or livability. The safety and security of a neighborhood can affect property values, too. If you live in a high-crime area, an organized community watch program not only will lower the crime rate but give home values a boost, too.
If you would like to find out what the current market value of your property is, one of our Outstanding Agents would be happy to give you a free comparable market analysis of your home.