Top 15 Home Updates #8

Top 15 Home Updates #8

#8 Deck, Patio or Porch Addition!
Average return at resale: 90.3 Percent

•Adding a 16×20 ft. pressure-treated wood deck with a simple pattern costs about $11,000. At resale, you’ll get about $10,000 of that back, a recoup rate of 90 percent.

•One simple but effective trick — add eye-appeal with decorative planters on the front porch, patio and decks.

•Give a courtyard an impressive entry with an inviting gate, lighting and mature plantings. These small improvements will have a big impact at closing.

•Use bold plantings to emphasize features, or to distract the eye from flaws.

•Run-down stairs lower your profit margin, so make sure porch railings are safe and attractive.

•And here’s an easy tip — camouflage unattractive air conditioning units with a wooden trellis.

•In the West, the recoup rate reaches nearly 100 percent, but it falls to 83 percent in the South.


This is one of our favorite updates, especially for the Summer!

Top 15 Home Updates #9

Top 15 Home Updates #9

#9 Basement Remodel!

Average return at resale: 90.1 Percent

  • The average basement remodel costs just over $51,051 and returns $46,010, so you’ll recoup about 90 percent of the cost.
  • What do you get for $51,051? A 20 x 30 entertaining area with wet bar, a 5×8 bath, recessed lighting and a laminate floor.
  • Finishing the walls is a must – but here’s an important tip: Keep dry wall panels a half-inch away from concrete floors, so they don’t show moisture.
  • Always fix flooding problems first. Add French drains, bigger gutters or re-slope the yard to keep water out. Test to make sure the fixes work before investing time or materials in a basement.
  • Want just the wet bar? Buy 10 linear feet of cabinets, a laminate countertop, a stainless steel drop-in bar sink and an under-counter refrigerator for about $2,500.
  • Cover concrete floors with an easy-to-install modular subfloor so floors won’t be cold. Add carpet squares with a traction backing for an amazing transformation.
  • In the West, basement remodels return 108 percent of cost, in the Midwest, 73 percent.

Basement

Isn’t this basement absolutely gorgeous?