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Boost Your Home’s Resale Value in a Big Way with These Improvements
Everyone looking to sell their home wants to get the most out of it that they can. Unfortunately, some homeowners have an overinflated sense of their home’s value. Sentimentality can do that to us. The fact is, few homes are going to fetch top dollar without some renovations and improvements. Here are some of the best for your resale value.
A full-scale kitchen remodel
In terms of return on investment (ROI), few home renovation projects can boast as much as the mighty kitchen remodel. If you’re looking for a full-scale project, do note that according to HomeAdvisor, the average price to remodel a kitchen is $11,808 – $30,668 and the project timeline is 2 weeks – 3 weeks. In other words – it’s no cupcake remodel. If you want to split the project between DIY and professional jobs, try working the tiled backsplash and appliance replacements yourself.
But kitchen remodels – more so than other types of remodels – require more professional work. Countertops, cabinetry, flooring, room expansion (knocking out walls), and rearranging appliances (sink, range, etc.) all require you to call in help unless you, yourself are a professional.
If this all sounds like too much time and money, maybe consider a smaller-scale kitchen remodel. According to Investopedia, a minor kitchen upgrade may actually net you a bigger ROI.
Fiberglass attic insulation
If you’re looking for an inexpensive home project that will not only recoup over 100% of its cost, but also make your home infinitely more attractive to eco-conscious buyers – there’s nothing like an insulation upgrade. Bankrate says the average ROI on adding extra fiberglass insulation to your attic is around 108%. You can then advertise lower heating and cooling bills to any potential buyers. And for a total cost of less than $2,000, it’s really a no-brainer.
Add a deck
If you don’t have an outdoor deck coming off your home, add one. If you have a small one or one that has fallen into mild disrepair – fix it and expand it. Adding a deck is one of the top ways to add value to your home. Deck builders will recoup up to 90% of their initial investment, according to Money Crashers. The price to build a deck can vary, as there are a lot of variables – size, materials used, ease of construction, and extra flourishes (a firepit, anyone?). But you’re probably not going to ever spend more than $10,000 and likely closer to $3,000. If you are handy, you can even do some of it yourself.
Paint. Everything.
You may have seen “painting” as a top remodeling project on a list or two before. Why? Painting isn’t really a remodel, right?
Technically it’s an improvement – or even a touch-up if you will. But the reason everyone tells you to paint your home is because it works. It works to boost your home’s resale value and make it much more attractive to potential buyers. Plus, it’s dirt cheap in comparison to other home projects. For a few hundred dollars, you can remove the appearance of years of wear and tear from a home and even make rooms look bigger and more inviting (or smaller and cozier, if that’s what you’re going for). You could even add thousands of dollars to your home’s value if you know how to pick the right colors for the right rooms.
There are some home improvement jobs that you do simply because you want to do them. They don’t really add that much resale value to your home, but that doesn’t matter because they make you feel better about spending time there. This is fine. But if you want to make your remodeling money go further, you must be strategic in your upgrades. Start with these projects for maximum impact.
Article provided by Ray Flynn from DIYGuys.net.
