There are several reasons to begin a home improvement project. Many homeowners want to start with something that will make their home a more luxurious space to live in, while other homeowners are interested in increasing the value of their home. If you are interested in how to increase the value of your home, there are certain projects to focus on that will bring you a quick ROI.
A minor bathroom remodel – rather than a complete gut job – has an ROI of nearly 100%. Replacing the shower head, upgrading the lighting, and replacing the vanity are often the only upgrades necessary to add value to the room. A fresh, modern, clean bathroom will often translate to a higher home value.
Kitchens and bathrooms sell homes, and even a minor kitchen remodel has a very high ROI. A full kitchen remodel can be a huge investment, but a facelift will make a big difference when it comes to home value. Most minor kitchen remodels involve refinishing the cabinets, replacing the hardware, and upgrading the appliances. Those three upgrades alone can make a big difference without the need to demolish and renovate the entire kitchen.
Replacing an entry door is a simple home improvement with a 90% return. An entry door replacement will not only increase the curb appeal of your home, but will also increase the security and energy efficiency of your home. For a relatively small investment, an entry door replacement can make a big impression.
Window replacement may not be the most exciting home improvement project, but at a nearly 90% return, they are a worthwhile one. New windows increase the appeal of your home from both the inside and outside. In addition, new windows will make a big difference in the energy efficiency of your home. Saving money on energy bills is always a smart choice, and as far as resale value is concerned, most buyers will be delighted to know they won’t have to replace the windows anytime soon.
Curb appeal helps sell homes. If your home doesn’t look great on the outside, home buyers will go in with preconceived notions of what the inside will look like. Hiring a landscaper for a simple, clean, and well-maintained aesthetic will give buyers a great first impression of your home. While overly elaborate landscaping may scare buyers off with thoughts of upkeep, a well-maintained property is extremely appealing, and first impressions are a big deal.
If you are looking into home improvement projects, chances are you are also interested in how to increase the value of your home. Even if you are not planning an immediate move, knowing that the funds you invest will come back to you in an increased home value is comforting to know. The best way to increase the value of your home is to focus on projects that sell homes. Home buyers are usually very interested in a home with a new roof, new windows, or any other upgrades that they won’t need to tackle. While kitchens and bathrooms do sell homes, fixing an old and leaky roof or replacing drafty windows will go a long way toward increasing the value of your home.
When considering how to spend your money on home improvements, talk to the experts about your current situation and which projects you should start with first. If you are planning on listing your home in the next few years, you will want to focus on projects that bring the highest return, will be something both you and future owners will enjoy, and won’t break the bank as you continue to live there for a little while. If you’ve got some home improvement projects hanging out on your to-do list, contact All-Nu Construction to talk about where we can start.