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Home improvement projects

Home improvement projects

October 11, 2011

Homeowners and home sellers who want to increase their chances of securing top dollar for the sale of their home, whether in the near future or years down the road, may want to learn how helpful various improvements can be and how much value they could add. While specific amounts vary due to a number of factors, there are trends.

For example, anyone considering a room addition may want to weigh all the options. According to one real estate agent it is generally more efficient to remodel an existing space, such as an unfinished basement. Doing so can add a great deal, depending on the size of the basement and the extent of the work done.

Similarly, converting a loft or attic can be an efficient measure, although it 
must be done correctly or people may find the space cramped rather than inviting.

Planning for success

According to MSN Real Estate, there are a number of considerations for homeowners to keep in mind in order to benefit from a successful project. Among the most important factors is local codes, since any work not matching their requirements may need to be redone before a buyer will purchase the home. Aside from plumbing, electrical and building codes mandated by the government, neighborhoods may have individual requirements and standards.

Another thing to keep in mind is to plan additions or renovations carefully from the start. Some homeowners may be so concerned with cost and details they do not adequately convey what they want to the builder. That sort of miscommunication can interfere with getting the desired result, whether it is a question of style, materials, colors or the overall plan. To ensure good work, it's also important to locate an experienced contractor.

Selecting changes

When looking at slightly smaller projects than an added or renovated room, it may be wise to consider replacing kitchen appliances or bathroom fixtures. Because these rooms tend to see so much use, and commonly receive a great deal of home buyers' attention, improvements can have a significant impact.

During projects it is generally wise to select colors and styles with a broad 
appeal, even if they are not the homeowners' favorite. A look that is targeted toward too specific a taste can discourage other prospective home buyers.

As for the outdoors, some experts note those considering homeownership frequently appreciate privacy and security. A fence can be a significant selling point, especially to those with children or pets.
 

About Coldwell Banker®

Since 1906, the Coldwell Banker® organization has been a premier provider of full-service residential and commercial real estate. Coldwell Banker is the oldest national real estate brand in the United States and today has a network of approximately 83,000 sales agents working in approximately 3,100 offices in 50 countries and territories. The Coldwell Banker brand is known for creating innovative consumer services as recently seen by being the first national real estate brand to create an iPad application and the first to fully harness the power of video in real estate listings, news and information through its Coldwell Banker On LocationSM YouTube channel. The Coldwell Banker system is a leader in specialty markets such as resort, new homes and luxury properties through its Coldwell Banker Previews International® marketing program. Coldwell Banker Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated.
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