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How do i Increase My Property Value In The Colorado Housing market

Upping your property value in the Colorado housing market could be a daunting task. With property values stabilizing or declining in certain markets around Colorado, it is increasingly challenging for homeowners to identify a return-on-investment using their small remodels.

Based on Remodeling Magazine's 2006 "Cost vs. Value " report, the price for many remodeling projects in 2006 increased as the roi decreased. Apparently, a mid-range kitchen remodel with an average cost of $54,000 only returned 80.4% versus a 91% return on $43,862 in 2005.

How can a homeowner increase their property value? From our experience consulting homeowners and investors, we strongly advise these to investigate the property improvements of other houses in the neighborhood. Understand what improvements and also the quality of the improvements neighbors are making for their homes. For instance, if you are installing two inch slab granite countertops and everyone else has Formica laminate countertops, most likely you won't realize coming back in your investment.

MLS listings Vail Colorado

Typically, you will want to concentrate on areas which are most important to buyers - foyer flooring, your kitchen, bathrooms, two-tone interior paint and cleaning exterior finishes and landscaping. It is advisable to avoid renovations to master suites, sun rooms and even office additions.

The most important step to consider before beginning a house improvement project would be to analyze the local housing market in your neighborhood in Colorado. Some neighborhoods around the Colorado housing market are experiencing a significant return-on-investment with home improvement projects, whereas other home improvement projects are noticed being an over-improvement for the community.

As always, identify and make use of a Colorado realtor which has experience of real estate investment market and skilled in determining what do it yourself projects yield the highest return-on-investment for your local market.