There is a definite art to home renovation and improvement projects. Creating a vision of how to transform a home is something that many homeowners enjoy doing. Implementing those projects can also be an enjoyable process as well. But, something that homeowners don’t always take into consideration is how these improvement projects can actually enhance their home’s resale value when it comes time to sell.
Now there are many market factors and fads that influence the price of a home, but there are some definite truths about how value of a home is determined and how much of an impact home improvement projects can have.
First, let’s talk about square footage. We all know that square footage has a huge impact on home price. The smaller the home, the less you will usually get when it comes to selling when comparing homes in the same area. This is because people know they will need room to grow in their home. Many times they are buying a home before beginning a family and are projecting how many rooms or how much space they will need as the years go on.
That’s why a home improvement project that can have a huge …