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Anonymous asked in Business & FinanceRenting & Real Estate · 1 decade ago

what is some home improvment you can do to increase the value of your house?

what can u do to make your house increase 250-300 k dollars?

there is only a lil land for addition and the house is 3 years old?

also what is the tax you have for reselling a house within 2-3 years from it's purchase?

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  • 1 decade ago
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    If you've lived in the house for 2 years you can roll the capital gains tax-free (up to 200k I think for singles, 400k for couples, but double check the amount) into the purchase of another property. If you haven't personally lived there for 2 years you'll have to pay capital gains taxes.

    There's not much you can do to increase the value 300k, unless this is a multimillion dollar house to begin with.

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  • 1 decade ago

    The smallest improvements will increase the value quickly, like paint, new door knobs, etc. But if you want the house to increase by that much, you'd probably have to remodel the basement, possibly fix up the little land you can work with, or build that addition on and use what you've got. Great ideas at diy.com or hgtv.com

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  • 1 decade ago

    The best things you can do to improve values are usually in designing the home to sell from the beginning. Minimizing personal belongings, new paint, clean landscape etc. Adding 250-300K would require adding square footage.

    Here is some additional info. Hope this helps.

    Source(s): Design to sell your home for full value http://www.tomvoli.com/2006/12/12/design-to-sell-y...
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  • 1 decade ago

    there is nothing-most likely- that you can do to increase the value that much.

    and that last guy right above me was 100% right on the capital gains business. if you can claim that it was a principal residence.

    "1041 exchange" is what it's called.

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  • 1 decade ago

    you could add tile, maybe upgrade the counter tops, up grade the carpet, landscape the property,

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