It’s no secret that home improvements can add value to your property. In fact, most homeowners expect to see an increase in their home’s value after completing renovations. But just how much can you expect your home’s value to go up after a remodel?
The answer, unfortunately, is not as simple as a percentage or a dollar amount. There are a number of factors that will affect how much your home’s value goes up after a remodel, including the type of renovation, the quality of the work, the location of your home, and the current market conditions.
That said, there are some general trends that can give you an idea of how much value you can add with different types of renovations. For example, kitchen and bathroom remodels tend to add more value than other types of renovations. That’s because these rooms are typically the most important rooms in the house when it comes to resale value.
Of course, there will be some variations from this general rule. For example, if you live in a high-end neighborhood, you may be able to add more value with your renovations than someone in a lower-priced neighborhood. And if you’re planning a major renovation that will significantly change the look and feel of your home, you may be able to add even more value.
If you’re thinking about undertaking a home improvement project, it’s important to do your research and figure out how much value you can realistically expect to add. This will help you determine whether or not the project is worth the investment.