Home Improvements That Increase Resale Value
Investing in your home can often offer excellent returns. However, it can be hard to decide which improvement will bring the greatest profit. Whether you’re selling soon or further down the line, here are some tips gleaned from experts across the Web to help you decide where to invest.
Update Your Doors
This is not something often discussed when talking about updating your property in the hopes of a sale. However, it turns out that if you replace your front door with a sturdy steel door, you will almost entirely make back the expense. A new garage door will also earn a high return, so if your garage door has seen better days, isn’t automatic, or is simply old, it will benefit you to replace it. These areas are often overlooked by homeowners but do have a high return, so really look at your doors and see if they could use an upgrade.
Energy Efficiency Is a Must
As a country, we are getting more concerned with rising energy costs and how to minimize our own impact. Not only will upgrading to energy-efficient appliances, thermostats, and lighting save you money while you live in the home, but installation of such things can garner you a tax credit up through 2019, especially for solar-powered systems. These updates can be a big draw for prospective buyers, who could be enticed by the idea of saving money on their monthly bills. There is also the green-living appeal, as many individuals are more conscious than ever about their personal impact on the planet.
Fix Your Fixtures
If you’re willing to invest in your home, renovate different areas, and update your appliances, or even if you’re looking for an inexpensive means of making a room look modern, then replace your fixtures. New handles and knobs and giving your sinks new faucets will truly make your home feel fresh and contemporary. You may think that small things will go unnoticed by potential buyers, but little conveniences can go a long way to selling your property.
Remodel Your Kitchen
There is hardly a room in the house that is used more than the kitchen. Residents will be in it multiple times a day, and if your kitchen is more than a decade or two old, it probably has taken a beating. Since it is such a focal point of daily life, it’s wise to invest in updating and upgrading your kitchen. It’s an expensive, but worthwhile, endeavor. According to HomeAdvisor, the average kitchen remodel can cost $10,842-$26,630, with a timeline of five to six weeks. It’s an actual investment but one that will, most likely, prove a smart financial decision in the long run. Get rid of any vinyl flooring, make sure your appliances, if not new, look immaculate, and, if possible, get an energy-efficient oven and refrigerator.
Tend to Your Landscaping
Lastly, it’s important to make a remarkable first impression. If the outside of your home looks run-down or if the lawn is brown or unkempt, it can be an immediate turnoff for people coming to see your home. It won’t take much to add fresh plants, replant your flowers, or even just put down new grass. If you’re concerned about your water bill, a rock garden, if done well and to match the surrounding area, can be just as stunning as a lawn.
When all is said and done, the more modern your home, with updated conveniences and appliances, the more likely you are to have a decent return when you sell. Keep things simple and neutral but also don’t be afraid to renovate if it’s needed. Armed with these recommendations, you are more likely to recuperate the expenses you have invested into your home.
Image courtesy of Pixabay
Article credit to: Seth Murphy