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Does upgrading carpeting, roof, deck and cabinets add a significant amount of value to a 26yo home

  • Question refers to 329 N 1500 E, Layton, UT 84040
  • August 13 2009
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Answers (2)

Jkontant has it right, repairs will maintain the value and help a home sell more quickly. Additions will add value but they won't necesarily recoupe their cost. Remodeling Magazine's Cost vs. Value Report can give you a good idea of the best bet for an addition or remodel. 
http://www.remodeling.hw.net/2008/costvsvalue/national.aspx
Your best value will come from a project you will get some use from while you occupy the home. Be careful not to exceed the average for the homes in your neighborhood (ie. an upscale custom  kitchen in a starter home will be a nice addition for a buyer but it will add very little of it's cost in actual value).
  • August 15 2009
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Yes and no. Generally speaking, replacing worn out things like roofs, decks, etc do not add value. They help maintain value. Value is added when additions to the property are made. Adding a piece of adjoining land to the existing property, building an addition, finishing a basement, etc add value. Replacing old carpet has to be done and while it makes the property more pleasant and marketable, it is to a far lesser degree adding any real value. A three year old roof will not command less money upn re-sale than a one year old roof. On the other hand a home that desperately needs a new roof is certainly worth less than one that is new. The bet you can hope to acheive is doing what can be done to bring the home to it's true value. You may have to spend $20K more than you will see in return to do so.
  • August 13 2009
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