Will home improvements add value to my property?🏡 By Cardwell Thaxton - Monday, November 28, 2022 0 Comments Determining whether a home improvement adds value to your home can be tricky. Some factors are tangible - like the cost of making the update - while other factors are less tangible and harder to quantify, like the improved quality of life the change brings. When making a dollars and cents evaluation, first consider all costs involved: materials, labor, building plans, building permits and any changes to your homeowner's insurance. Then, consider how these upgrades will impact your home's worth. Not all home improvements add value - some can even decrease it!Remember, your return on investment varies as the real estate market changes, and the value of a home is not always reflected by the selling price. Remodeling evaluated several home improvements in their annual Cost vs. Value Report. This report analyzes the percentage of cost returned for a home improvement when comparing cost to construct versus added resale value. Of the 30 home improvements evaluated in the 2016 report, only fiberglass attic insulation had a positive return.Check out the entire list for your region here. Evaluations were conducted in a "seller's market."Improvements with returns above 90% in 2016 included:Fiberglass attic insulation: 116.9%Manufactured stone veneer: 92.9%Garage door replacement: 91.5%Steel entry door replacement: 91.1% I hope this information is helpful to you and if you ever have the need for a home appraisal, I hope that you'll keep me in mind.Cardwell Thaxton, New JerseyTight & Right Real Estate Valuation📲(908) 456-1593📧CardwellThaxton@gmail.com#appraiser #realestateappraiser #realestateappraisal #Moneyneversleeps #nareb #businesspassion #realtors #divorce #realestatelife #houses #property #newjerseyrealestate #foreclosures #realestateconsultant #GardenState #NewJersey Refer this blog post to your friends and colleagues... Share Tweet