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How to Increase Your Home's Value

How to Increase Your Home's Value

Before you begin any value-increasing projects, remember not to raise the value of your property too far above others in the neighborhood. People who want expensive homes shop exclusively in pricier neighborhoods. A good rule of thumb: keep the value of your property within 15 to 20 percent of your neighbors’.

Project (average cost recouped, national) according to Realtor Magazine:


Minor kitchen remodel (88%)
Bathroom remodel (85%)
Major kitchen remodel (81%)
Family room addition (80%)
Deck addition (77%)
Master suite (75%)
Attic bedroom (74%)
Siding replacement (73%)
Window replacement (69%)
Home office (55%)
Projects that may increase your home’s value include: Jacuzzi (4 jets or more); permanent hot tub; in-ground pool with nice deck area; security system; sprinkler system; substantial out buildings such as a two-car garage or finished workshop; and vaulted or trey ceilings. Think twice about the following projects however, as they may not add value to your house: above-ground pool; ceiling fans; garden pond; and light fixtures.
Some tips when attempting value-increasing remodeling:
l Remodel with mass appeal in mind. Potential buyers are usually attracted more to neutral, mainstream design.
l Don’t go cheap when it comes to construction. Use durable, quality materials. If you’re a do-it-yourselfer, honestly evaluate your ability to do it right.
l Don’t remodel in a different style from the rest of the house. Additions and improvements that look “tacked on” may detract from a home’s appeal.
l Turning a bedroom into a bathroom is a mistake – it reduces the number of bedrooms, a chief selling point.
l Don’t do a $30,000 kitchen remodel in a $100,000 house – unless you plan to continue living there. It is a waste of money.
Make sure the outside of your home is spic-and-span. Clean out the gutters. Wash the windows and remove cobwebs and bugs. Trim the hedges, cut and edge the lawn, sweep the sidewalks and driveway. Plant some colorful flowers out front.
You may want to add to or improve your landscaping while you’re at it. According to a study conducted by Money Magazine, landscaping may be the best investment to improve a home's value. The study found that well-planned, attractive landscaping was estimated to have an actual recovery rate 100 to 200 percent higher than a kitchen or bathroom renovation.

For More Information:


Ascot, Atrium I Condominium, Atrium, Baldwin, Bentana Park , Bowman Green , Brandermill, Bristol House Carlton House, Charter Oak, Chestnut Grove, Crippens Corner, Deepwood, Dockside, Edgewater At Town Center Equestrian Park Estates At Wyndham Hills Executive Ii Office Fairway Executive Center Faraday Professional Center Fox Mill Woods Generation Glade At Hunters Woods Glenvale Hampton Pointe Harbor Point Hunt At Lake Fairfax Hunters Crossing, Hunters End,Hunters Green, Hunters Square Hunters Woods Village , Lake Anne Of Reston Lake Fairfax Park Estate, Lakeview, Lincoln Park, Madison Park At West Market Madison Park At West Market, Market Street Town Center Mercer Midtown At Reston Town, Midtown At Reston Town Center Midtown North Nantucket At Reston, North Point Villas Northgate Oak Park Paramount Parcreston, Polo Fields, Reston Savoy At Reston Town Center Shadowood Shaker Woods, Southgate, Stratford Park Home Buyers relocating to Reston - Herndon, If you already live in this area or if you are relocating from somewhere else. Two important things to note: If you live locally and have a home to sell, I am more than willing to give you a free estimate of your home's value. If you are relocating to our area I have an amazing relocation package to send you. Kim Kroner Realtor - Associate Broker Top Producer - NVAR Multi Million Dollar Sales Club Member - Long & Foster Chairman's Club Long & Foster Christie's International kim@kimkroner.com (703) 946-2526 (800) 9611328 www.kimkroner.com 309 Maple Ave W. Vienna, VA 22180 Easy Living Homes If you have family members or friends with physical limitations, you may have areas of your home that they’re unable to visit. This is especially problematic if you yourself become disabled or have a disabled person move in with you. How do you accommodate these needs? By building an EasyLiving Home, of course. According to the EasyLiving Home web site, the EasyLiving Home program is “the nation's first voluntary certification program that specifies criteria in everyday construction to add convenience in your new home and to welcome all friends, family and visitors regardless of age, size or physical ability.” The EasyLiving Home program was developed by a coalition of public and private organizations to encourage the voluntary inclusion of key features that make a home cost effective, accessible and convenient for everyone without sacrificing style or adding substantial construction costs. EasyLiving Home certification enhances both the initial and resale value of a home, and can be achieved for practically any home regardless of price, building site or architecture. EasyLiving Home features: l Step-free entrances provide easy access and are never more than 1/2" from a driveway, sidewalk or other firm route into the central living area. l Exterior doors provide and interior passages provide easy passage because all doors and hallways on the main level (including bathrooms) offer ample clear passage space. l Easy use with no less than one bedroom, a kitchen, some entertainment area, and at least one full bathroom with sufficient maneuvering space all on the main floor. The EasyLiving Home program certifies that homes meet the program requirements through a non-profit coalition of organizations committed to making homes more accessible, including AARP and several access advocacy groups. While EasyLiving Homes offer a substantial number of special features, virtually any home buyer can afford one because these certified homes are available at all price levels from the most modest starter home to country club estates. The EasyLiving Home program shows builders how to make their homes more convenient by making small improvements that add little or nothing to the cost of new construction, but would be very costly to retrofit later. EasyLiving Homes are all about convenience. By grouping all the most essential living areas on a single floor with ample-sized doors and a step-free entry, the EasyLiving Home allows easy access for bulky furniture and getting around whether you’re on foot or in a wheelchair. “While you may be in perfect health now,” the web site states, “the day may come when you or a family member experience health problems that could cause limited access to be a real problem. Elderly relatives will appreciate the easy access and extra entry width when they visit you in your new EasyLiving Home. And in an aging society, an EasyLiving Home will have a higher resale value when it's time to sell.”    

Kim Kroner Realtor - Associate Broker

Top Producer - NVAR Multi Million Dollar Sales Club

Member - Long & Foster Chairman's Club

Long & Foster Christie's International

kim@kimkroner.com

(703) 946-2526

(800) 961-1328

www.kimkroner.com

309 Maple Ave W. Vienna, VA 22180 
 
 

Why is pre-approval important at the beginning of the home buying process?

For Sellers How much is my home worth? This will help you determine the approximate value of your house in today's market. Staging Your Home How will your home make a really great first impression? What's that smell? Learn what real estate agents mean when they say "If I can smell it, I can't sell it." Hiring a Real Estate Agent You will not know every requirement for selling a home, most especially if this is your first time selling. Ask the expert. I want to sell my own home. This is not a time for mistakes. Find out what value a real estate agent adds in selling your home. Home Inspection A small amount of time that you spend now can give you a better deal for your home. Find out what the "Must Inspect" areas of your house are. Foreclosure Risk Have you missed your payments? Find out if you are at risk for foreclosure. Your next home at your fingertips! Are you also searching for your next home? See all available listings today. Kim Kroner
 
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Location: 309 Maple Ave W, Vienna, VA 22180, USA

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