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If you’re selling your home, you might be debating whether or not to do some remodeling first. On one hand, updating some rooms might allow you to raise your asking price. But how do you know the money you’re putting in will offset the cost of renovations?
Though it might feel like a gamble, you can put the odds in your favor. There are some remodeling projects that tend to have the best return on your investment.
Are you looking to maximize your profits from selling your home? Get the best ROI with these valuable home improvements.
In This Post:
1. Kitchen
A kitchen remodeling project will definitely pay-off, but only if you keep it small. After a certain point, a major renovation will stop paying for itself.
Which is actually great news for you!
Instead of gutting the kitchen, pick one or two things that really need some TLC. Getting new cabinets is a great option. They make a huge impact and can elevate the entire room.
2. Garage Door
Studies show that renovating the exterior of a house usually pays off more than doing the interior. A new garage door will come with a substantial price tag, but you will see a return on this investment.
The reason fixing up an exterior pays off is mostly because of curb appeal. When a buyer steps out of their car, you want their first impression of your home to be positive.
3. Deck
A new deck will definitely give you a great investment return. However, not every deck is created equally. A classic wooden deck is more valuable to potential buyers than a composite deck.
To build a new wooden deck, you’re probably going to be spending somewhere between 13,000-15,000 dollars. Though it’s costly, if you have a nice backyard, a deck will make it feel a lot more inviting. You want potential buyers to see it and start daydreaming about the afternoon BBQ’s they’ll throw!
4. Bathroom
Along with the kitchen, the bathroom is one of the only other interior areas that are worth renovating. Luckily, you don’t have to go crazy with this remodel either.
Instead, take note of how the cabinets, tiles, and countertops are looking. If they look dated or moldy from years of use, get them replaced.
5. Roof
A new roof is very attractive to people checking out your house. It holds a lot of logistical and aesthetic value.
A leaky roof causes tons of problems, but it’s also expensive and inconvenient to replace. If potential buyers know they’d have to make this renovation when they move in, they’ll just move on to another home instead.
Get the Best ROI with These 5 Home Renovations
Don’t waste money on expensive renovations that won’t dramatically increase your home’s value. Instead, try these 5 options and get the best ROI possible.
When your renovations are complete, it’s time to stage the house for selling. Need some attractive new quilts and comforters to spruce up your bedrooms? Then check out our spring sale!
