As we close out a summer marked by rising home prices and limited supply, we’re conditioned to expect the inevitable end-of-season slowdown. But the change of season doesn’t
Home Improvement Projects With The Highest ROI
Whether or not you’re preparing to sell your home, improvements around the house can be a great investment. If you’re staying put for a while, you’ll enjoy the benefits of a sparkling new bathroom or winters by the fireplace. But since renovations can be costly, it’s good to keep resale value in mind when prioritizing what to take on
The Face of Your Home
Your front yard, exterior siding and front door are the first things to greet potential buyers to your home. That’s why investing in their renovation is so beneficial! One of the simplest projects is also the most valuable: experts say a new entry door can yield 90% ROI. An easy, affordable project, replacing the front door is a way to freshen up your home without breaking the bank.
While you’re at it, consider replacing your exterior siding. Buyers are frequently put off by siding that looks old or dingy. Reassure them that your home’s outside is just as beautiful and valuable as the rest of the property! Though a bigger project than replacing your front door – and one that may require professional intervention – replacing your exterior siding can yield up to 80% ROI.
Function, Not Fashion
Adding attic insulation isn’t the sexiest home improvement, but it’s certainly the warmest! Save on energy costs while you’re still inhabiting the home, and point out this improvement to buyers – they’ll appreciate the addition, even if it doesn’t come up in an initial walkthrough.
Garage doors are an equally utilitarian improvement project to consider. If your home’s garage door is functioning and aesthetically pleasing, then by all means, focus your efforts elsewhere. But a malfunctioning, ugly garage door can turn off buyers in a heartbeat. Replacing your garage door could see a 90% return on your investment.
As Above, So Below
Watch any house hunter reality show and you’ll see complaints about carpeting virtually every episode. In 2017, many people just don’t like carpeting – which is why installing hardwood floors is such a great investment. For a few thousand dollars, you’ll have a beautiful new floor to show off to prospective buyers.
Less obvious – but just as important – is the roof of your home. This is one project that could actually make you money! New roofs typically cost around $7,600 to install, but according to one study, homeowners recoup around $8,000 in resell value. For a prospective homeowner, this is more than a monetary value; it’s a time-consuming job that they don’t have to worry about.
A native of New Jersey, Kristine attended Rowan University with a major in Early Childhood Education. After teaching kindergarten for one year, she discovered her passion for real estate and subsequen....
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