Home Improvements That Increase Your Home's Value

Ask most anyone whether or not they think that the economy is still in a recession, and I'll bet you will get the same answer:  YES!  Fortunately, most experts agree that things will slightly improve in 2010.   If you are one of the lucky homeowners out there, perhaps you are still in a good position to consider a home improvement or two in hopes that additional upgrades will pay off whenever the economy actually turns around. But you may be unsure which improvements will give you the most post-recession bang for your buck.

HGTV photo

Newly installed granite, stove and corner fireplace.  Will these improvements help the homeowner make a killing at resale?

According to real estate and mortgage expert, Darlene Toomer, Fairfax, Virginia, home renovations are still holding their value better than home prices in today's market.  Whether you are planning on moving or staying put, Darlene offers some tips that can make your life more pleasant should you decide to sell including:

• Newly completed renovations also make buyers lives easier.  Purchasers want to open the door and have everything complete.  It reduces the stress of purchasing and moving
• Making home improvements can also reduce sellers' stress by heading off some of the price negotiating.  Leave no room for haggling!

Darlene also offers 3 surefire fixes to increase your home's overall enjoyment and value:

1. Enhance the color.  Paint is cheap!  Everything doesn't need to be white but use soft colors in your main scheme;
2. Buff up curb appeal.  Add something special to the entrance such as big flower pots or an antique bench; and,
3. Upgrade window treatments keeping in mind that light and privacy are paramount.

A Bright But Not So Cheery Kitchen May Make a Potential Buyer Pause...and then Run!

A Benjamin Moore Color Palette to Live With... 
and to Sell With:  (L to R) Windham Cream HC-6, Swept Away 701, and Strathmore Manor 244

Repelling Window     Selling Window


            Top Cost vs. Value Home Improvements (Mid Range)

PROJECT	JOB COST	RESALE VALUE	COST RECOUPED
Bathroom	$10,504	$10,642	101.3%
Kitchen	$14.917	$14645	98.2%
Vinyl Siding	$7,243	$6,877	94.9%
Finished Basement	$51,072	$46,017	90.1%