Spring is here and with it, the #1 season for making home improvements. Whether you are considering making home improvements for personal desire or in preparation to sell your home, the statistics speak for themselves. Home improvements CAN increase your home’s value…but not always. For example, according to an article by www.Houselogic.com using data from NATIONAL ASSOCIATION OF REALTORS®’ “2015 Remodeling Impact Report”, old and worn out vinyl siding can decrease a home’s selling point by 10%. But the “$12,000 national median cost of a vinyl siding replacement job returns a solid 83% if you should decide to sell your home”. Plus, new siding LOOKS better and gives the clear appearance that the home is being taken care of – so buyers are more likely to take a look inside! However, keep in mind that improvements must fit the neighborhood to yield a return as well. For example, a state-of-the-art, high efficiency kitchen may make all your friends envious, but it may not be the standard for the neighborhood, meaning that you could potentially lose money from it when it comes time to sell. Your best bet? Call me. As a certified BPOR (Broker Price Opinion Resource), I can help you to determine which home improvements can not only add appeal – but add money to your wallet at closing.
George Green III
Managing Broker, Exit Realty Crutcher
Team Lead for the 502Realty Group