Posted by: Bill & Gayle McCord | April 7, 2010

Top 10 Home Improvements

Make each dollar you put in your house worth it!

On Monday, we talked about making certain upgrades but not others on your house for long-term investment purposes.  It’s not wise to make your house a veritable money pit, so here are the top 10 home improvements you should make as needed, according to interest.com:

  1. Upscale siding replacement costs $13,177 and adds $11,424 to your home’s value, or 86.7% of the cost.
  2. Adding a wooden deck costs $10,601 and adds $8,676 in value, 81.8% of the cost.
  3. Minor kitchen remodeling costs $21,246 and adds $16,881 in value, 79.5% of the cost.
  4. Replacing windows with mid-range wood windows costs $11,512 and adds $8,946 in value, 77.7% of the cost.
  5. Mid-range bathroom remodeling costs $15,899 and adds $11,857 in value, 74.6% of the cost.
  6. Renovating an attic into a bedroom costs $48,398 and adds $35,694 in value, 73.8% of the cost.
  7. Finishing a basement costs $61,011 and adds $44,467 in value, 72.9% of the cost.
  8. Adding a second story costs $146,538 and adds $103,553 in value, 70.7% of the cost.
  9. Adding a garage costs $57,272 and adds $38,161 in value, 66.6% of the cost.
  10. Adding an upscale bathroom costs $74,345 and adds $49,100 in value, 66.1% of the cost.

It’s up to you how (and on what) you spend your money, keeping future buyers in mind.  However, as you consider which upgrades to make, it’s smart to consider your own enjoyment, as well. I always think it is a shame when home owners wait to make upgrades until they need to sell. If you’d consider upgrades to sell, why not consider them now so you can enjoy them in the meantime?

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