Marcia, Home Buyer in Houston, TX

what are the factors affecting improvement value of a house?

Asked by Marcia, Houston, TX Tue Aug 16, 2011

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Ron Thomas, Agent, Fresno, CA
Tue Aug 16, 2011
Your question is vague; it makes me ask why you're asking:

If the house is in bad shape, doing basic things like clean-up, painting, broken windows, etc will not only yield more than your investment, they make the sale possible.

Above and beyond that, Up-dating a Kitchen will get you 80% to 120% of your investment, with bathrooms right behind.

Be careful spending too much; beyond what the Comps or the neighborhood norm is; it not only will not help, it could hurt if the house is over-improved.

Good luck and may God bless
1 vote
David Tansey, Agent, Houston, TX
Wed Aug 31, 2011
Key factors in a home appreciating: Location, Schools and then the condition of the property.
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If you are looking to update your home and want to know how far to go, ask a realtor for a CMA of homes that are not updated and then a seperate CMA for updated homes. That will give you an idea of the margins available to you for the updates.
Web Reference:  http://www.DaveRealty.com
0 votes
Sally Grenier, Agent, Boulder, CO
Tue Aug 16, 2011
What is your question exactly? What improvements yield the most value? You'll see the most value by adding bedrooms & bathrooms, and by adding finished square footage (i.e. adding on to the house, or finishing a basement). For a house that doesn't have a garage, adding a garage is going to add a lot of value. Remodeling an outdated kitchen will also bring value. But keep in mind, with most improvements you're not going to get 100% return on investment. So..you're not going to get all of that money back. However, it might make the house more saleable.
Web Reference:  http://www.sallygrenier.com
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