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Consumers Told How to Add Value to Their Homes
 Information in the current July issue of HouseKeys, NAHB’s newsletter geared to consumers, provides home owners with informatioin on the remodeling projects that are most likely to increase the value of their property.
Among the suggestions:
- Remodel/Add a Home Office
Home offices are becoming less of a luxury and more of a necessity, with more people telecommuting. The number of Americans who work from home is in the millions, and that number has continued to grow every year. With many companies cutting costs and becoming more aware of their carbon footprints, telecommuting has become a viable solution for many in the working world. Making sure that the home has a state-of-the-art space for potential teleworkers is a surefire way to increase your home’s value.
- Renovate or Add a Family Room.
With the increased popularity of open floor plans, a family room is an excellent way to make existing homes more like new construction. Home owners should keep in mind what housing features are popular in their area because people like to purchase homes that blend in with others in the neighborhood.
- Replace the Roof.
The roof makes a big impression on prospective buyers and architecturally styled roofing tiles can help change the character of the home.
- Landscape the Yard.
Landscaping can also give a great — or not so great — first impression. Backyard landscaping can transform ordinary spaces into incredible entertaining areas with the inclusion of elegant water features and lush plants. The area’s climate needs to be considered. Especially in area’s that experience temperate weather conditions year-round, newly landscaped yards add value to the home and increases living space.
- Replace Old Windows.
Thirty percent of a home’s energy is lost through its windows. Replacing old windows with energy-efficient versions signals home buyers that the owners are concerned about reducing energy consumption and their energy bills.
- Remodel the Basement.
Remodeled basements can make excellent game rooms or guest suites, adding value to the home without adding space.
- Paint, Paint, Paint.
Home owners should hire a professional if they need help and keep the colors neutral if they’re looking to sell.
- Remodel the Kitchen.
Upgrading appliances and door handles and painting tired walls can bring new life to the kitchen and add handsomely to the value of the home. The general rule in remodeling is not to overdo it, but kitchens are an exception because they sell a home, and in this case, size does matter. A kitchen remodel is a long-term investment that can show a payback even 10 years down the road.
- Remodel or Add a Bathroom.
A bathroom remodel can often mean simply making the most of the current space by upgrading fixtures, flooring and lighting. If there’s more money in the budget, adding a bathroom is a great way to add value to the home. Often the area under a set of stairs is the perfect place for a powder room.
Builders who want to provide their prospective customers with information on the opportunities to be found in the current buyer’s market can click here. (nahb.org/timetobuy).
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