Home Improvements with the Best Return on Investment
If you're selling or considering selling your house, you've certainly pondered the age-old topic of whether or not to renovate it before placing it on the market. While opinions on this may differ, no one can dispute that some improvements can make your house look more appealing and, consequently, raise the value of your home. On the other hand, some popular renovationswill actually lower your chances of selling your home. The trick is knowing which ones will pay off and which won't. That's why, in the rest of this article, we'll cover some of the popular home improvements with the best return on investment.
Kitchens and baths are the two main rooms that can make or break your sale. However, according to professionals, out of the two, upgrading the bathrooms in your home has the best return on investment out of all other improvements. So, if you're thinking of ways you can increase the value of your home before selling it, a bathroom remodel is the place to start.
If you want to follow the latest trends, consider replacing the showerhead with a rain shower. Moreover, replace the vanity and upgrade the lighting to brighten the space. While it's preferable that you stick to the simple updates, if your bathroom is in bad shape, these small changes won't be enough. Sometimes, in order to sell your house faster and at a higher cost, you have to completely remodel the bathroom. However, such a big project can decrease your ROI by a significant percentage.
Home Improvements with the Best Return on Investment—Kitchen Remodel
Similar to the bathrooms, a small kitchen remodel can make your home more appealing and boost the value of your home at the same time. It's all about pinpointing the upgrades that make the most difference. For example, if you want to breathe new life into your kitchen, consider replacing the appliance with newer models and refreshing the kitchen cabinets with a fresh coat of paint.
Fresh Coat of Paint
One of the simplest and most effective ways to prepare your property for sale is to give it a fresh coat of paint. With this home improvement, your house will look cleaner and more put-together. Moreover, if you choose a lighter color to paint your walls, you can give the impression of a larger, warmer space. It's a no-risk investment since paint is generally cheap and, when done correctly, simply repainting the interior of your home might yield a 107 percent return on investment. Finally, according to relocation specialists from Safari Movers Atlanta, most people don't like having to repaint the walls before or after moving into their new home. So, by painting the walls before you sell, you'll be doing the future owners a favor.
When looking for a home, most buyers focus their attention on the floors. So, if you have scratched wood flooring, outdated carpeting, or worn-out linoleum, you should seriously consider doing something about it to increase the value of your home. Moreover, buyers may cross a house off their list after just one step inside due to damaged floors. This is because most buyers do not want to be responsible for fixing the floors once they move in. You can earn a decent return on investment if you do it before putting your house on the market. Most of the time, simply changing the carpeting will be enough. Refinishing hardwood floors, on the other hand, might be beneficial if you already have hardwood floors.
Once you fix up the flooring, the story is not entirely over. Many people accidentally scratch their flooring when moving furniture while packing and on moving day. So, when you've sold the house and are packing your things for the move, make sure you hire movers that won't cause any damage to the residence. If you live in Atlanta, you can hire local movers and rely on the pros in the area to know all the tricks when it comes to moving heavy furniture and helping you move.
When considering home improvements with the best return on investment, it's essential to look outside the box (or outside of the home, to be more precise). Outdoor projects like patios and deck additions are known to give a great return on investment. They can enhance the resale value of a home by 30% to 73 percent on average. However, before making this update, you should think about the weather in your area. If you live in a warmer region, this is a much better alternative because you'll be able to spend more time outside, enjoying the improvement. Furthermore, you must think of the materials you want to use. The return on investment can be increased by using more expensive materials like wood and stone.
You can transform your backyard into the ultimate entertainment and socializing zone by adding a patio or deck. Patios and decks can provide the additional outdoor area you require for entertaining friends and family. Any get-together can be improved by simply taking it outside to your patio or lawn. It creates a welcoming, natural environment that people enjoy.
Change the Front Door
Finally, front door replacement is one of the most critical house upgrades that you, as a homeowner, can do. It provides security, durability, and low maintenance, as well as improves the energy efficiency of your home. For example, in recent years, steel doors have become a widely used and desired modification. A new door may appear to be a simple fix, yet it almost always pays for itself.
Sometimes, people like to invest in improvements that don't actually benefit them, nor do they pay off. So, before you spend a lot of money on home upgrades, be sure you know which ones are worth it and which ones aren't. And even when you find out which home improvements generally have the best return on investment, don't forget to consider how much sense those changes make for your home and area. For example, there is really no point in changing the front doors if they are in excellent condition, is there?
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