Can Updating and Remodeling Shorten Your Days on Market and Add Value to Your Home?

If you plan on selling your home in the near future, there are a number of things you can do to "Spruce" up the home and make it more inviting to potential buyers. Most of these projects are not very expensive and can add a lot of "WOW!" to your home. New paint, updated light fixtures and bathroom fixtures as well as an inviting entrance and curb appeal can all help get potential buyers into your home.

As for additions and remodeling; they too will help position your home so it competes much better in today's market. However, don't expect to get all your money back from your investment. Latest statistics show that certain projects will bring you a greater return than others. Kitchens and Bathrooms lead the way with an 80% to 85% return on your investment. Depending on the age of your home replacement of windows will also net you 80% or more of your investment. Adding a deck to your home (here in the south) will net you 85% or more. In some price ranges, outdoor kitchens and water features will also give you a great return.

There are also those things you should not do. Adding a Back-up Power generator will only give you a return of 67% and updating a home office only 60%. Contrary to popular belief, adding a sunroom will only add 64% of the cost of your investment.

So, the answer is yes, but you need to pick and choose wisely!