Here is a sample of returns for some of the most popular home improvement projects. Statistics are compiled from multiple published surveys. Based on major cities within states:

• Kitchen Remodel (minor)-125% (Connecticut)
• Basement Remodel-98% (California)
• Bathroom Addition-96% (Missouri)
• Kitchen Remodel (major)-92% (Kentucky)
• Bathroom Remodel-90% (Oregon)
• Exterior Paint-90% (Pennsylvania)
• Master Bedroom-86% (Florida)

In general, across many markets, kitchen and bathroom remodeling offer the highest percentage return on your investment (80-100%). Bathroom and family room additions offer a fairly high return also. A master bedroom remodel can potentially get a high return. Certain projects such as converting a basement or attic into functional living space varies widely from region to region. The same is true for deck additions.

Repainting the exterior of your home shows decent returns in most markets. When preparing to sell your home, sprucing up your exterior paint is important. Without curb appeal, potential buyers will not even stop or get out of their car to give your house a chance. Repainting is only part of curb appeal. A well-manicured lawn and attractive landscaping will grab buyers’ attention as well.

When considering a remodeling project or addition, you should not only do research in your local market, but also look around your neighborhood. Any improvement you make should be consistent with other homes on your block. An elaborate addition in a modest neighborhood will stick out and will not provide the return you are hoping for based on the fact that someone who can afford the extra money to buy your home will most likely search a more expensive neighborhood.

Along those same lines, keep the original design of your home in mind. Stick with either the same materials or complementing ones. Aim for a flowing congruency so that your home remains tastefully appealing on the inside and out. Think through color scheme and décor in much the same way. Bold, eccentric color schemes that will stay with the house after you sell can deter potential buyers who lean on the conservative side. Being flamboyant with your remodel is a fine idea for those homeowners who plan to stay in their home for years to come. For those of you looking to move in two to three years, choosing neutral colors for floors and walls will benefit you when it’s time to sell.