- High quality ceiling fans: In a recent National Association of Home Builders survey, ceiling fans ranked No. 1 as the most wanted decorative item. If your ceiling fans are outdted, replace them wtih something in th e$400 range - it will make a big difference when it's time to sell.
- Trees: Mature trees can be worth as much as $10,000 toward the value of your home. Trees also protect your home from the elements and prevent erosion.
- Energy efficiency: Buyers are increasingly interested in saving energy, so any efficiency update is worthwhile. Switching from a wood to gas fireplace is a great start.
- Outdoor lighting: Exterior lighting is great for highlighting the accents of your home, and you can typically expect a 50 percent return on investment.
- Molding: You can finish a room with crown molding or railing for as little as $1.50 per foot if you take a DIY approach, and it's extremely desirable among prospective buyers.
According to the 2016 Remodeling magazine Cost vs. Value survey, the average return on home-improvement projects was 6.7 percent higher than it was a year earlier. Simple replacements often provide a better return than major remodeling. While returns will vary by region, the average national return at resale for projects was 64 percent.
A sample of return on value for some projects, if the home sold within a year:
Remodel a bathroom 66% Replace the roof 72%
Build a wood deck 75% Refresh the kitchen 83%
Replace the front door 91%
For more information on the Cost vs Value survey results, visit
www.remodeling.hw.net/cost-vs-value/2016/
www.remodeling.hw.net/cost-vs-value/2016/
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