Thinking of listing your home for sale soon? Even if you’re not, you’re likely interested in what remodeling projects will reap the biggest returns when it does come time to sell your home. Some renovations will add more value than others. Here are some home improvements that can add value to your home and make it look great in the meantime.
Improvement #1: An updated front door.
This is a pretty easy and inexpensive update and according to a 2014 report in Remodeling Magazine, you can add about 96% of the amount you spent to the value of your home. If you don’t need a brand new door, but you still want to update it, a fresh coat of paint will also help offer some payoff.
Improvement #2: An updated kitchen.
An updated kitchen can bring a great return. If you go to sell the house with an outdated kitchen, a potential buyer may come in and think that they need to redo it and overestimate how much it will cost when in fact, an average kitchen remodel is a lot less than a buyer might assume. And if you’re savvy when it comes to shopping and if you’re open to doing some of the work yourself, you can save even more money and still reap a good return later.
Improvement #3: Updated bathrooms.
Just like an updated kitchen, bathrooms can bring a good return when it comes time to sell the house. Be sure that the style ties into the rest of the home’s design. For example, if you live in an older home, you won’t want to do a contemporary/modern style bathroom.
Improvement #4: New windows.
If you live in a home that has old windows, there is a good chance that they’re leaky and inefficient. Replacing windows will not only add value to your home, but they’ll keep your home warmer/cooler throughout the year and you’ll likely see a decrease in your utility bills because less energy will be wasted.
When it comes to remodels or updates, remember to be aware of the specific flavor of your neighborhood. Sometimes, if you over-improve or over-remodel your home, it won’t provide as much of a return. If you have any questions about what updates would bring the best return for your specific home and neighborhood, I’m happy to help. Contact me today with any questions.
Mears, Teresa. “Which Home Remodeling Projects Are Worth Your Money?”
U.S. News & World Report. March 7, 2014. Accessed online September 20, 2016.