What are the best home remodeling projects to increase value?
Answers:
Kitcken and baths are the best remodeling projects that will most likely bring an increase in value to your home. Other projects that bring extra value (but not as quick of an increase as kitchens and baths) are additions, landscaping, new roofing, and enlarging rooms.
Not all remodel projects will bring an increase in value dollar for dollar and if you are doing the remodeling to increase the value if you are moving soon, build to what most people like, not what you like. Update anything that can no longer be cleaned to perfection (countertops, faucets, sinks, etc).
If you are remodeling your home and plan to live there for awhile, build what you want for you and tailor the remodel to your wishes, not just potential value.
Good luck.
Other answers:
Kitchen remodeling can return as much as 102% of the money invested according to a major real estate source.
Update a 12'x16' kitchen no major structural changes. Brighten walls and cabinets with a coat of paint. Install vinyl flooring; laminate countertops; ceramic tile backsplash; double-basin sink. New appliances: dishwasher; drop-in gas range. The lower your investment in kitchen remodeling, the higher the potential for recovering costs.
Renovating and existing bathroom was next at 88%.
Worst potential "upgrade" was adding a swimming pool.
Kitchen remodeling can return as much as 102% of the money invested according to a major real estate source.
Update a 12'x16' kitchen no major structural changes. Brighten walls and cabinets with a coat of paint. Install vinyl flooring; laminate countertops; ceramic tile backsplash; double-basin sink. New appliances: dishwasher; drop-in gas range. The lower your investment in kitchen remodeling, the higher the potential for recovering costs.
Renovating and existing bathroom was next at 88%.
Worst potential "upgrade" was adding a swimming pool.
Remodeling the kitchen,bathroom and painting the entry door
upgrade your electrical service and wiring and devices. If you get someone good (call me if you're in N CA), you can get a 500% return on something like that.
I asked a realtor this when we were selling our previous home. The three top are Decks, Kitchens and bathrooms in that order. :o)
Good luck!
Install hardwood and tile floors