Updating your house

Potential bump in sale price: 3 to 7 percent Bigger isn’t necessarily better in today’s market, but strategically increasing the amount of living space is sure to boost home value.

They were even planning to build a separate mother-in-law apartment on the property to help lure family to Austin.

They refinished the kitchen cabinets, and installed new stainless-steel appliances and LED lighting.

New engineered wood floors replaced the mishmash of linoleum tiles and musty, high-maintenance carpeting.

But it’s also a testament to the couple’s savvy instincts about what today’s buyers are looking for, especially now that millennials, 75 million strong, have become the leading cohort of buyers, purchasing 32 percent of homes in 2014.

So let the following renovation rules, driven by shifts in the current housing market and informed by Consumer Reports’ nationally representative survey of 1,573 millennials, inform your decisions on improving your home and its value.

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