Whether your plan is to sell your home immediately or to begin making improvements that you can enjoy now, while knowing they will pay off when you do decide to sell, experts offer the same advice: start off slowly with a careful plan, of course if you’re doing risky work like roofing is better to get a Professional roofer to help you with this type of job.
According to TRUEGRID (www.truegridpaver.com), when planned properly and executed well with an end goal in mind, home improvement projects can cost between 20 and 25 cents on the dollar. The remaining 75 to 80 cents returns to the home in the form of increased value. Let’s take a look at some home improvement projects that offer the most return such as installing glass sliding patio covers.
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The Basics
We’ll start with the basics. Keeping a well maintained home—no roof leaks, no water puddling in the basement, etc.—is the first step to getting more for your money when it’s time to sell. Watch out for any signs of foundation damages that may require foundation repair services. Buyers won’t to be able to take these things for granted. Your kitchen remodel might be gorgeous, but buyers won’t see that after noticing a leaking roof so you might want to contact Chase Roofing contractors to fix your roof first.
Your investment in home maintenance—like having new siding, roof, or windows like the ones at BA Roofing site—can return 80% or more upon resale. Look at these issues first before tackling home improvements that are largely cosmetic.
Kitchen Remodels
Kitchen remodels are often a sure thing when it comes to recouping the money you put into the re-do. They often return nearly 100% of the cost! A minor kitchen remodel—under $15,000—can recoup over 100% of your investment in a hotter housing market. Even in housing markets that aren’t booming, kitchen remodels consistently recoup nearly 90% of their cost, but doing some improvements like adding better lighting and you can go online to find out what are led downlights just for this purpose.
Even if a smaller upgrade is more within your budget, plan carefully and choose one or two major things to focus on. Perhaps a cabinet re-facing and updated flooring will do the job. Or, consider replacing older, stained countertops and mismatched appliances to create a more cohesive look to the space. For your countertops replacement, find out more here.
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Bathroom Upgrades
Similar to kitchen remodels, bathroom upgrades consistently return nearly 100% of your cost. In more robust housing markets, a bathroom remodel of $18,000 can net $27,000 on resale. Even when spending half that amount on an upgrade, the recouped percentage is nearly double what was spent.
When redoing a bathroom, focus on all-wood cabinets, high-quality stone or tile flooring, and eco-friendly toilets and showers. Water-saving toilets and low-flow showerheads cost nearly the same as their traditional counterparts and offer an additional value to the buyer.
Many experts agree that forgoing a large tub for an equally large walk-in shower is a great way to add a luxurious feel to your bathroom remodel.
Something to keep in mind is the number of bathrooms in the home. It doesn’t make financial sense to spend a lot of money upgrading your bathroom if your house only has one. Consider spending that money on adding an additional bathroom. Adding a bathroom to a home can boost its resale value by almost 9%.
Bigger is Better
You can expect the price of your homes for sale to go up by over 30% for every additional 1,000 square feet of added space. As mentioned above, adding a bathroom with the help of an expert room addition contractor results in a significant bump in your home’s sale price. They also offer an over 85% return on cost.
Other rooms to consider when adding on to your home are attic bedrooms, sunrooms, and even dedicated rooms for hobbies or exercise. Returns for these rooms come in at around 70-80%. Keep in mind your own potential use and enjoyment of these rooms when deciding which one is best for your home.
Curb Appeal
According to TRUEGRID (www.truegridpaver.com), even if you live in the hottest of housing markets, if someone drives by your home and is unimpressed or turned off, it’s unlikely they’ll want to take a look inside. Curb appeal may be the easiest update to make to your home, especially with spring coming up. Consider planting easy to care for perennials along a walkway. Flowering shrubs like forsythia and winterberry add color in early spring and winter when other flowers and trees are dormant.
Even taking a weekend to power-wash siding, sidewalks, and driveways can make a huge difference in the way the outside of your home looks – and noticing this difference will likely motivate you to keep going with your remodeling efforts.
