5 Best Home Improvement Projects
1. 84 New Appliances: According to a recent AOL Real Estate survey, 69 percent of home buyers are willing to pay more for new appliances. How much more? $1,840 more. Although buyers are drawn to name-brand appliances like Sub-Zero, Viking and Bosch, you can always find quality kitchen appliances that won’t break the bank—meaning more return on your investment.
2. Walk-In Closet: Can I get that closet super sized, please? 60 percent of buyers are willing to spend $1,350 more for a walk-in closet. So, if you have a reading nook or extra space in the master bedroom that could be easily converted into a walk-in closet, do it!
3. Granite Counter tops: Back to the kitchen we go! If you haven’t noticed, there’s been an increasing emphasis on the kitchen in recent years. 55 percent of buyers are willing to spend $1,620 more for granite counter tops. This can be a reasonable remodeling project if you have a reasonably sized kitchen. However, more counter space can quickly become less worth your while financially.
4. Hardwood Floors: Very few people under the age of 55 prefer carpeting these days, especially if that carpeting is a questionable color. In fact, 54 percent of buyers are willing to pay $2,080 more for hardwood floors, so if you still have carpet, rip it up!
5. En-suite Master Bath: The en-suite master bath has become more popular in the past decade. En-suite bathrooms are more convenient and are often larger and come with more features, like two sinks instead of one. If this home improvement project is a possibility for you, go for it. 49 percent of home buyers are willing to spend $2,030 more for this feature.
*Note: Although central air conditioning came out on top for percentage of buyers willing to pay more and amount extra willing to pay for a feature, the cost of installing it makes it a financially irresponsible endeavor.
1. 84 New Appliances: According to a recent AOL Real Estate survey, 69 percent of home buyers are willing to pay more for new appliances. How much more? $1,840 more. Although buyers are drawn to name-brand appliances like Sub-Zero, Viking and Bosch, you can always find quality kitchen appliances that won’t break the bank—meaning more return on your investment.
2. Walk-In Closet: Can I get that closet super sized, please? 60 percent of buyers are willing to spend $1,350 more for a walk-in closet. So, if you have a reading nook or extra space in the master bedroom that could be easily converted into a walk-in closet, do it!
3. Granite Counter tops: Back to the kitchen we go! If you haven’t noticed, there’s been an increasing emphasis on the kitchen in recent years. 55 percent of buyers are willing to spend $1,620 more for granite counter tops. This can be a reasonable remodeling project if you have a reasonably sized kitchen. However, more counter space can quickly become less worth your while financially.
4. Hardwood Floors: Very few people under the age of 55 prefer carpeting these days, especially if that carpeting is a questionable color. In fact, 54 percent of buyers are willing to pay $2,080 more for hardwood floors, so if you still have carpet, rip it up!
5. En-suite Master Bath: The en-suite master bath has become more popular in the past decade. En-suite bathrooms are more convenient and are often larger and come with more features, like two sinks instead of one. If this home improvement project is a possibility for you, go for it. 49 percent of home buyers are willing to spend $2,030 more for this feature.
*Note: Although central air conditioning came out on top for percentage of buyers willing to pay more and amount extra willing to pay for a feature, the cost of installing it makes it a financially irresponsible endeavor.