Whether you are looking to put your house on the market soon, or you just bought your first home which could use a little updating, this blog post is for you.
Before you start any home remodeling project the first thing you should do is look at it in terms of return on your investment. Is this project going to add value to your home? If the answer is yes, then you are safe to proceed.
But you may want to look a little deeper . . . because a project might increase your home’s value, but it could price you out of your neighborhood. Unless you plan on retiring here and living in the home until your last days, it’s important to make sure your home’s value will hold in the area it is located.
So, now that we’ve covered the leg-work you should do before you start a remodeling project, let’s take a look at home improvements that carry the best and biggest return on your investment.
The Heart of the Home: The Kitchen
One project that’s almost a sure bet to add value to your home is the kitchen. It’s where everyone gathers for meals and to catch up over coffee or cookies. Most people spend the majority of their time in their home either in the kitchen or asleep in bed.
The best updates you can make here ─ install granite or quartz countertops, new custom cabinet fronts and sleek hardware, and replace old and outdated appliances for stainless steel ones.
There are a lot of other projects you can do in the kitchen to add value, especially if your home is located in a high-price range area. But if you are just looking to make a few improvements on a budget that have a large impact, go with the ones listed above.
Upgrading Curb Appeal
This is HUGE if you want to list your home anytime soon. The front of your home is usually the first thing prospective buyers and agents see of your home, so you should always strive to make the best first impression you can.
When it comes to boosting curb appeal there are a few projects that will make the biggest difference. Go for a brand new front door that’s sturdy, classic, and energy efficient. Also, assess your current landscaping and clean it up. Clear out the weeds and the overgrown plants, fertilize your lawn for a greener appearance, and add a few seasonal plants in planter boxes. These simple changes will seriously surprise you.
Basic Maintenance That Pays Off
Lastly, take care of basic maintenance needs around your property. If your roof is 15+ years old and has more than one layer, it might be time to consider putting on a new one. This is a big one if you want to sell your house soon. Buyers are weary of a home that needs a new roof, and are not likely to pay full price for something that needs so much work.
Another basic maintenance project is attic insulation. Energy efficiency isn’t just a trend, but a long-term money saver. A home that is better insulated will cost you less in monthly utility and energy bills.
Have you recently renovated or remodeled your home and added value to your home? Tell me about it in the comments below!
This clinches it- I’ve been debating keeping or updating the hardware on the kitchen cabinets in a home I just purchased- I think I’ll do it! Such a cheap upgrade for the ROI. Great advice!