There are many home improvement projects that can increase your home’s value if you are considering selling. Here are five home improvements that can help you get the biggest return on your investment possible.
1. Replace your Front Door.
Your front door is something that often goes unnoticed, especially if you and your family usually use a different entrance, but potential buyers will definitely notice a new door. It makes a great impression and gives you an 86% return on investment. If the whole door does not need replacement, you can repaint it or replace the handle and other hardware for a similar effect. You could also replace your garage door for a 75 percent return on investment.
2. Add a Deck or Patio
Potential buyers are always looking for more outdoor living space, no matter where you live. You will recoup 77% of your investment on a new wooden deck. A new outdoor fireplace, landscaping or water feature can enhance outdoor space if you already have it.
3. Add Space
If you can fit it in your budget and goals for your home, the addition of more bedrooms and bathrooms, finishing an attic or expanding your casual living space can increase the value of your home greatly. You can achieve a 73 percent investment in an attic bedroom.
4. Kitchen Remodel
Potential buyers pay a lot of attention to kitchens and bathrooms, so you should as well. In a minor kitchen remodel, you can recoup 75 percent, and with a total overhaul, 60-68 percent. Be careful not to overspend on your kitchen if you are planning on selling soon. You can do a few things, like painting the cabinets or replacing appliances, or just replace the counters with granite to get a good offer.
5. Replace your Windows
Many potential buyers will be interested in your window’s energy efficiency and how they look. Replacing both wood-framed and vinyl-framed windows will give you a 72 percent return on investment. When you start to market your home, be sure to make your new windows a selling point.
Call Joe before starting any home improvement projects. He is knowledgeable and can help make decisions on what is best for your situation. Joe can be reached at 415.994.4394.
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