Home improvements: do they really affect residential property values and saleability?
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A key motive behind this research paper was to understand the true affect home improvements have on residential property and to determine if added value and increased saleability can be achieved. This paper has not highlight exact amounts that various improvements add to value, largely due to the amount of varying factors involved in determining property values, yet it has aimed at achieving an objective view on those improvements that do have both a positive and negative impact on residential property. \nA literature review revealed that the amount homeowners are investing into home improvements on a yearly basis is great, yet often rarely recouped within the value of the property. Sources would appear to show that many have reconsidered opinions on what improvements actually affect residential property with many showing some have better affects than others. This therefore allowed primary data to provide ‘real life’ context in order for a far and reasoned outcome to be achieved. T
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A key motive behind this research paper was to understand the true affect home improvements have on residential property and to determine if added value and increased saleability can be achieved. This paper has not highlight exact amounts that various improvements add to value, largely due to the amount of varying factors involved in determining property values, yet it has aimed at achieving an objective view on those improvements that do have both a positive and negative impact on residential property. \nA literature review revealed that the amount homeowners are investing into home improvements on a yearly basis is great, yet often rarely recouped within the value of the property. Sources would appear to show that many have reconsidered opinions on what improvements actually affect residential property with many showing some have better affects than others. This therefore allowed primary data to provide ‘real life’ context in order for a far and reasoned outcome to be achieved. T
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