Home Buying & Selling The 5 Best Home Improvements to Add Resale Value

The 5 Best Home Improvements to Add Resale Value

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Whether you plan to sell your home this year or 10 years from now, remodeling projects can improve both the resale value and appearance of your home. However, it is difficult to know which upgrades are worth the investment and which are a waste of time and money.

Here are some home improvement projects that you should consider almost certain to improve your resale value and the look of your home.

1. Minor kitchen remodeling

The kitchen in an old house wasn’t designed to be as functional as it is today. If you are still cooking in a pre-birthday kitchen, minor kitchen mods may be to remind you of the art of cooking while increasing the value of your home.

Upgrade the appliance to an energy efficient model, replace the old cabinet with a new option, and start over with the counter. The average return on investment for minor kitchen mods is 81%The average cost of the project is about $ 21,000.

The project budget is always over. It doesn’t matter what you replace or upgrade. Remodeling a project is rarely cheaper than expected. You can make choices to save money, but in the end you will almost always spend the same or more you expected.

2. Installation of wooden deck

Adding a deck to the back of your house makes it a great place to barbecue, host an outdoor dinner, or set up a hot tub so you can enjoy the outdoors without getting your feet dirty. As long as you choose a design made of wood rather than plastic or composites, it’s also a great way to add value to your home. Wooden decks cost an average of $ 10,500 to build, Most Homeowners Regain 85.4% of Their Costs— One of the highest return on investment on this list.

When choosing wood, regularly sand it to make sure it’s ready to be refinished so that you and your guests can enjoy the deck without worrying about shattering. please.

Related: Home upgrades worth making seriously (think: ROI!)

3. Garage door replacement

When was the last time you replaced the garage door? Old or old garage doors can not only detract from the value of your home, but can be quite dangerous.While they were It became safe in 1993 when a law was passed that required all garage doors to be equipped with an automatic reversing function.They are still the largest and heaviest moving objects in your home.

On average, you spend about $ 3,600 to replace all the equipment associated with your garage door, but you’ll get almost all of it back at the value of your property. The ROI for garage door replacement is an amazing 97.5%. In addition, we combine the value of the property and the attractiveness of restraint all in one neat package while increasing the safety of the home.

4. Update or add bathroom

Gray tiled shower light Luxurious bathroom remodeling with white walls and light vinyl floors in gray cabinets

Older homes may be designed to have only one bathroom, but with two or more bedrooms it can be difficult to sell a home with only one bathroom. Depending on where you live Add a new bathroom to your home and you’ll get an investment return of 50 to 70 percent everywhere.. It may not sound like much, but for those buying a new home, the extra bathroom makes the difference between choosing your property or passing it on for another option. May mean.

No need to add a full bath including bathtub, shower, toilet and sink. A 3/4 bath that includes a shower but not a bathtub can save you money while providing the return on investment you are looking for. You may go as long as you have at least one tub in your house.

Related: 7 Ways to Spend $ 5,000 Refurbishment Budget on Maximum ROI

5. Replacing the siding

The appearance of your home has a lot to do with the value of your property. They say you never get a second chance with a first impression. And for potential buyers, appearance is the first impression. Upgrading or replacing siding is like refurbishing a home.Replacing the siding across the outer wall of your home usually costs around $ 14,000, but you usually Recover 77-80% of its cost From the perspective of increased asset value.

Don’t choose crazy colors or stuff that will make your home stand out from all the other homes in your block. Part of the charm of curbs is to make your home look like someone else’s. You can certainly make it stand out in other ways, but don’t choose too bold a choice (like a neon green lookout). It will cost you money.

All around win

Whether you plan to sell your home next week, next year, or the next 10 years, or if you have no plans to sell it at all, improve your property value as you go It doesn’t matter if you’re just refinancing — these projects can add value to your home while making you more comfortable in the long run. Enjoy the new upgrade.

Which project are you considering as a private residence? What about your investment real estate? why?

Chat in the comments section below.

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