When it comes to improving the value of your home, you need to accept that just because an investment is valuable, this doesn’t mean that it increases home’s resale value by a margin that’s cost-effective, warns Income Realty. The best example of this is cladding and rendering. Provided that you decide to clad the exterior of your home, you’ll drastically increase its value, however, you won’t get your money back if you decide to sell your home, soon afterward. Therefore, instead of just focusing on the value, you need to focus on the resale value of your home.
1. Entry door replacement
The first major improvement is the one regarding the first impression that your home makes. Now, there are some people who immediately think about the hallway of their home, yet, the front door always has precedence here. Sure, it’s not more dominant than the façade (especially with cladding and rendering) but it gives you a far superior ROI during the resale. Another thing worth mentioning is the fact that his feature adds to the security of your home, as well as the place’s energy-efficiency. This is something that will have a strong psychological effect on potential buyers.
2. Window replacement
Whether or not window replacement is great for your home’s resale value mostly depends on the material that you opt for. You see, if you choose vinyl, you’re bound to see an ROI of almost 75 percent. Alas, going for wood is not as cost-efficient. Sure, wood has that unique beauty of luxurious natural material, however, they’re much costlier and the energy-efficiency boost is not nearly as great. Not to mention that vinyl tends to be more durable and that it’s easier to maintain.
3. Adding backyard deck
Another low-cost investment that might give you an incredible return is adding a backyard deck. For this, you need to consider creating a wooden deck, providing it with some basic outdoor furniture and making an adequate shade solution. Naturally, a retractable awning would be the most pragmatic solution, if you were to focus on the lifestyle and convenience aspect of the remodeling. When it comes to the resale value, however, it’s much better that you go for a shade sail. So, take some measurements and find adequate quality blinds and shades.
4. Minor kitchen remodel
The next thing you need to bear in mind is the fact that your kitchen is one of the first places that people will visit when deciding on whether to buy the home in place. One of the great investments that you can make is the installation of a kitchen island with a sink. The cost of this effort can be quite substantial, due to the fact that you need both plumbing and design-related work to take place. Nonetheless, the benefits of this project are quite great, as well.
5. Small bathroom remodel
One more place that is a must-visit for every buyer on a first-time inspection is a bathroom. The simplest fix to the place is to invest in a lighting system, however, some paint job might be a good idea, as well. Replacing fixtures is quite expensive, yet, sometimes necessary. Due to the fact that eco-friendly trends seem to be on a massive rise in popularity, going with low-flow fixtures might just be the best course of action. Another thing you need to understand is that going for a small bathroom remodel needs to be planned in agreement with your objectives.
6. Garage improvement
The final suggestion is for you to make a garage improvement. We’re talking about automating your garage door in order to make it remotely controllable or investing in a garage storage system. You see, when hunting for their future home, a lot of people are interested in the potential of the place, not just its current state. This is why the garage is so important. A lot of people will see it as a place that they can turn into a workshop, storage space or something similar, thus having a lot more potential inside of their own home. All in all, this garage improvement is pivotal to your efforts.
As you can see, the most important first step is for you to realize that these improvements are only there for you to make you sell your house better, once you decide to do so. Sure, like with any home improvement project, they also boost the lifestyle quality within the place, however, the lifestyle quality here is of secondary importance. What matters the most is the amount of money that you stand to get back once you sell the place and with the majority of the above-listed, the figure goes between 70 and 100 percent. The most important thing here is your ability to sell the place, which gets higher and higher with each investment.