Top 5 Home Improvement Projects That Bring Resale Value
World Executives Digest | Top 5 Home Improvement Projects That Bring Resale Value | If you are considering any home renovations you need to know our top 5 home improvement projects that will bring resale value.
People in the United States spend over $400 billion a year on renovating and repairing their homes. The right home improvement methods can bump up the resale value of your home by quite a bit.
It can be hard to determine what home improvement projects will increase your return on investment. With so many options to choose from, how do you know you’re getting the most bang for your buck?
If you’ve been debating home improvement ideas, keep reading. We’ll give you the top 5 home improvement projects that will bump up your resale value.
1. Exterior Home Improvement
Exterior home improvement projects increase your home’s value the most.
If you have a garage, consider replacing the door to recoup 94% of the cost. Replacing the siding on your house can bring you 75% to 78% of the replacement costs depending on the materials you use.
Adding a deck to the backyard can also bump up your resale value. Replacing the front door and shingles for extra curb appeal will also help you gain more return on your investment.
2. Kitchen Remodel
With three meals a day to eat, you spend a lot of time in your kitchen. Depending on what you choose to remodel, you can recoup almost 78% of the cost it takes to makeover your kitchen.
It’s recommended to pick a neutral, light paint color to make space look bigger. You also want to replace old appliances with new, energy-efficient ones.
If your kitchen is big enough, an island or peninsula adds family-friendly appeal. Updates to the countertops and backsplash tie everything together.
3. Bathroom Renovations
Remodeling a master bath can help you bump up your resale value. Try replacing the sink, adding glass doors, and new floor tile.
If you want to make a big profit from your remodeling, consider adding a new bathroom. You could end up recouping up to 130% of your investment.
This is a great option if you use home improvement loans. You’ll be able to pay back loans and keep some money for yourself.
4. Room Conversion
Adding on rooms can be pricey and won’t often make you profit. Instead, convert an existing room by remodeling.
Home improvement contractors like Krueger Construction can transform your drab rooms into a selling point. Turn your basement into an in-law suite, or make your den an entertainment room for the whole family.
5. New Windows
Lastly, new windows can make a big difference in your home’s value. From different tints to added panes, you can recoup almost 73% of your window replacement costs.
Making sure you have the most energy-efficient windows will add value to your home. In some cases, decorative tints or security tints can bee a big selling point.
Value Your Home
Now you know the best home improvement projects for bumping up the resale value of your home. All that’s left is to get started on your big projects.
Be sure to check out our blog for more helpful real estate tips. From advice on buying a home to information on selling one, we’ve got you covered.