Do Home Improvements Increase Your Homes Value?

Thinking about making home improvements or remodeling? Certain projects do wonders to increase your home value, while others not so much. Whether you’re looking to make these improvements in preparation for an upcoming move, or simply because you want to, here is a breakdown of what major and minor remodeling projects can do to your property value.

Roof Replacement

Replacing a roof is a necessary improvement, but unfortunately, it will not increase the value of your home. When listing a home, mentioning that the roof is new may help entice buyers, but you cannot raise your asking price to cover your costs.

Additions

Adding a room to your home can increase your property value, but it is dependent on the type of room you are looking to build. Adding another bedroom or bathroom is a fantastic way to add value to your home, but offices and living rooms can not only be costly but may steer buyers away due to additional heating and cooling costs.

In-ground Swimming Pools

Depending on your geographic location, adding a pool can either increase your property value or make your home more difficult to sell. In the southern half of the country, you are likely to see an increase, but the opposite is true in the north. Swimming pools increase energy costs, homeowners insurance, and can drive away many families with small children due to safety concerns.

Deck/Patio

Adding an outdoor living space to your home is a fantastic way to add property to your home. Whether extravagant or plain, a deck or patio increases the usable, livable space that a home provides, which attracts buyers.

Kitchen Remodel

Updating your kitchen adds value and makes your home more attractive to potential buyers, but you don’t have to build out a gourmet kitchen to do that. Replacing appliances and using modern colors can do wonders. What you need to keep in mind, though, is that you don’t want to make your kitchen nicer than the rest of your home or the neighborhood.

Insulation & Windows

Adding new insulation or energy-efficient windows not only reduces your energy costs but also adds value to your home. You can even earn a green energy tax credit when you complete your project!

Sunrooms

Though sunrooms can be a lovely place to spend a sunny afternoon, they do very little to add value to your home. These spaces can increase your energy costs due to the lack of insulation and may be unattractive to buyers for that reason.

People choose to make home improvements for a number of reasons, from necessity to aesthetic appeal. If you’re looking to add value to your home, just keep the list above in mind! If you have any questions about home improvements or would like help deciding what might be the best value project to do reach out to one of our amazing agents today!

(Source: ReMax Results – Do Home Improvements Increase Your Homes Value?)

Explore Rochester, MN

Welcome to the neighborhood!

Living in Minnesota or Western Wisconsin has some great benefits with many awesome opportunities.

With over 10,000 lakes and almost 70,000 miles of rivers throughout the state, its no surprise that we love being on or near the water. Minnesota has hundreds of miles of bicycle trails throughout the state, you can even ride your bicycle from Duluth to the Twin Cities! Plus, the Twin Cities region has consistently won awards for being bike friendly (yes, even in the winter).

If you’re more of a thrill seeker, what better place to take up waterskiing than Minnesota? Hudson, Red Wing, and Stillwater are just  a few of the many charming towns you’ll find dotting both sides of the Mississippi River. Take a drive along historic Highway 61 in the fall to view bald eagles soaring over the river as you take in the changing leaves and breathtaking views along the scenic river bluffs.

If bald eagles and scenic river bluffs aren’t your thing, head north in the winter for some of the best cross-country skiing in the state. You’ll find yourself immersed in serene pine forests, and if you’re lucky, you might spot some incredible wildlife. From moose to mink, Minnesota has some of the heartiest residents in the country.

Minnesota has 75 state parks and recreation areas throughout the state, with many of them open year-round. Whether you’re canoeing in the summer, or ice fishing in the winter, you’ll find yourself in good company.

Speaking of good company, did you know that Minnesota is home to seven Fortune 500 companies and nearly 200 colleges and universities? Their strong presence here is just part of the reason why Minneapolis and Saint Paul are continually voted one of the nation’s happiest places to live. Rochester is home to the world famous Mayo Clinic, a destination for those seeking quality and specialty healthcare. The Duluth/Superior region boasts beautiful views of Lake Superior, and all the recreation opportunites that accompany living by the largest freshwater lake in the world. If it’s a vibrant small town feel with all the big city amenities you’re looking for, be sure to check out the greater St. Cloud area! And don’t forget the biggest experience of all, Mall of America. The largest indoor mall in America has over 500 stores located inside it and is host to over 400 events each year!

There’s truly something for everyone here and we hope you’ll love living here as much as we do.

When you’re ready to relocate to our area, our experienced team of relocation specialists will be ready to help make your transition!

Whether moving across town or across the country, let us help you with all your relocation needs. Contact us today about our services and to find out how we can assist you with your next move.