There are pros and cons galore in real estate these days, especially when it comes to selling homes in North Palm Beach. You can question the effects of rising mortgage rates, inflation, home values—and how blips in the economy may or may not affect the North Palm Beach real estate market in the near or distant future. Yet one thing that’s beyond debate is the fact that home improvements—in general—raise the value of your home.
Selling Homes in North Palm Beach via Value-Holding Upgrades
More arguable is which home improvements are the wisest in the changing market—both to hold value in the long run and improve your own quality of life while it’s where you live. This is a particularly great question to ask yourself, no matter when you will be selling your home in North Palm Beach.
The folks at Remodeling magazine have helped answer this question. As compiled by Bankrate.com, here are the year’s top remodel projects that deliver the highest returns on investment from coast to coast:
- Garage Door Replacement (average cost recouped: 93.3%)
- Adding Manufactured Stone Veneer (average cost recouped: 91.4%)
- Minor Kitchen Remodel (average cost recouped: 71.2%)
- Siding (average cost recouped: 68.3%)
- Windows (average cost recouped: 66.3% – 67.5%)
- Deck Addition (average cost recouped: 64.8%)
For anyone considering selling a home in North Palm Beach in the near future, these are the projects most likely to add value—and hold value—in coming markets. I can add that the true magic happens when a seller pairs the above-needed fixes with artful staging and a selling strategy aimed at results.
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