Indian River FL homeowners should analyze the potential increase in the value of their property versus the cost of individual changes before performing any improvements. Some renovations are more profitable than others in elevating the value of a property. Below are details on Indian River FL home improvements that increase the property values.
Indian River FL Home Improvements That Increase The Property Values
Home owners often anticipate to regain the full amount of money spent on work when they go to sell their home. This is a common tendency, but unfortunately, it is not supported by reality. Different property improvements add different value to a home, and that increase can vary in different regions. To give you an overview on home improvements that increase the property values, below are some national estimates.
Average Increase in Value for Mid-Range Improvements
The figures below are from the Remodeling Magazine Cost vs. Value Report.
|Improvement||Amount Spent||Value Assigned||Percentage of Cost Returned|
|Home Office Remodel||27,963||11,983||42.9 percent|
|Garage Door Replacement||1,512||1,087||71.9 percent|
|Bathroom Remodel||16,552||10,293||62.2 percent|
|Major Kitchen Remodel||57,494||37,785||65.7 percent|
|Master Suite Addition||106,196||62,874||59.2 percent|
Evaluating Home Improvements That Increase The Property Values
Another factor affecting the value of improvements is whether it is a mid-range or up-scale upgrade. Kitchen updates, for example, can be performed on the low end or the high end and each will lead to a different figure. So, not only should you consider the type of repair but also the amount of money to spend. For a comprehensive list of home updates, a comparison of mid-range versus high-end projects, and detailed current Indian River FL home improvements that increase the property values, visit http://www.costvsvalue.com.