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If you want to increase the value of your home, keep in mind that
buyers and appraisers value some home improvements over others. Here
are some tips on what home buyers, lenders and appraisers expect.
While buyers value home improvements made to the
kitchen and the
bathroom over other rooms, you should take care of any cosmetic,
structural and mechanical issues throughout your home first. Most
lenders require general repairs be done before issuing a home
loan.
What home buyers want:
Improve the appearance of your home especially in the
bath and
kitchen
Replace appliances with the latest energy-efficient models
Consider adding another bathroom for enhanced convenience
A renovated attic or basement adds valuable living space to your
home
Retrofit windows with today's energy efficient models
Improvements to Avoid
If your goal is to make
your home more attractive to buyers, there are also some renovations
you might want to avoid.
- Don't add a swimming pool unless you live in a neighborhood
where pools are considered a standard requirement. Buyers often
view pools as high maintenance and even dangerous additions.
- Dont use unusual paint colors. Your preference in colors
may conflict with the buyers opinion or clash with the color of
their furniture and appliances. Try to stick with neutral colors
like beige or white.
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