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Home Improvements That Increase Your Home�s Resell Price

by: Nicolette Dial

One of the best things you can do as a homeowner is to use some of your home equity dollars to finance home improvements. Not only will the additions make your home more attractive and pleasant to live in, but certain projects will bring a significant return on investment when the time comes to sell your home. The following 5 projects have been proven to add extra dollars to the average home resell prices. The statistics are courtesy of �Remodeling Magazine.� ROI stands for �return on investment�

1. Minor Kitchen Remodeling: Average cost = $8,655. Average ROI = 88%.

A minor kitchen remodel usually includes replacing the cabinets and countertops with higher quality materials or increasing the total amount of cabinet storage and countertop surface area. It would also most likely include the addition or upgrade of appliances such as garbage disposals, built in microwaves, dishwashers, and higher quality refrigerators.

2. Bathroom Remodel: Average cost = $9,135. Average ROI = 81%

This project would include things such as installing attractive countertops such as stone, granite, or marble. The fixtures would need to be upgraded and the shower and bathtubs should be resurfaced. Also, any tiling would need to be grouted. Other things that could increase the value of a bathroom remodel would be adding an extra sink basin, converting a bathtub to a Jacuzzi, or installing additional showerheads.

3. Major Kitchen Remodel: Average cost = 31,090. Average ROI = 71%

The major kitchen remodel is very costly and will take much more work than the minor remodel. The major version will require all appliances to be replaced. Whenever possible, appliances should be made in stainless steel. The countertops should be made of stone or granite. The floors might be replaced with high quality laminate flooring. The addition of a kitchen island or a centrally located stove could work. For a major kitchen remodel, you should consult a contractor and possible an interior designer. This is definitely not a do it yourself project.

4. Outside Deck: Average cost = $8,022. Average ROI = 55%

The deck is self-explanatory. The larger the deck, the higher the return on investment will be. The deck should obviously be coated with a nice looking finish that matches the outside of your home, and needs to be treated with a high quality water seal.

5. Hardwood Flooring: Average cost = Varies. Average ROI = Varies

The cost and return on hardwood flooring varies greatly based upon the total amount of rooms and surface area is remodeled. Also, the choice in the variety of hardwood will impact the value. Certain woods like Oak and Cherry are more valuable than others. Also, it is very important to properly maintain your hardwood floors. Flooring that is scraped, scratched, dull, or water stained can actually decrease the value of your home. If you have active children, you might want to stick to carpeting.

About the author:
Nicollette Dial is a freelance author who comes from a family of contractors. She contributes to several home improvement websites, including

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How To Plan For Kitchen Remodeling
by: Johnathan Bakers

Kitchen remodeling is one of the most desirable home improvement projects for many homeowners. A new kitchen increases the value of your home and makes your life easier. The first step to your new kitchen is to set a budget. Decide how much money you are willing to spend. This will help drive your other decisions. Be sure to leave a cushion in your budget for additional, unexpected expenses.

When determining your budget, consider how long you intend to stay in your home. If you are planning to sell in the next year or so, you may want to spend less money. Decide which features you must have in your new kitchen. You can cut corners in other areas by substituting less expensive materials for the counter tops, flooring or cabinet doors.

Research Kitchen Trends

Before you start planning your remodeling project, do some research on the current trends and designs being used in kitchens. Look for information on the internet or in home decorating magazines. Visit your local home improvement center for more ideas. Start a file for pictures of kitchens you love, furniture, appliances, fabric swatches or anything else you find interesting. This will help when you are ready to start purchasing items for your new room.

Options in Kitchen Remodeling

Cabinets are an expensive item in any remodeling project. They often take up half of the overall budget for the room. If you can�t afford the cost of brand new cabinets, there are cheaper alternatives. Consider cabinet refacing rather than replacing the entire cabinet. In refacing, the doors are replaced and exterior wood areas are covered. This is much less expensive since you are using the same cabinets. An even cheaper alternative is to paint your existing cabinets and buy new hardware.

If you must have new cabinets, consider adding some extra features. Features such as tilt out drawers, pull out garbage cans or a lazy Susan inside a corner cabinet are great space savers and make the room more functional. The doors can be either solid wood, clear glass or stained glass. Shop around to find out what is available before making a purchase.

You can save money on flooring and countertops as well. Substitute vinyl flooring in place of more expensive ceramic tile to save money. If you can install ceramic tiles yourself, you can have them for about the price you would pay a contractor to install vinyl flooring.

Countertops vary widely in price depending on the material that is used. Counters that are more durable are also more expensive. You may want this if you want to be able to cut food directly on the counter. For most people, this is an easy way to cut the overall cost of your kitchen. You can find less expensive material that gives the look of marble, butcher�s block or other expensive materials.

Once you have decided what you want, consider how much of the job you can do yourself. Contractors can eat up a large portion of your budget. The more you can do, the more you will save in the overall cost of the room. Use the savings for great new furniture.

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