5 HOME IMPROVEMENTS WITH THE BIGGEST RETURN ON INVESTMENT
Posted: Friday September 24, 2021
The consensus is that making any type of home improvement will automatically increase a home’s value, and thus, garner a bigger asking price when you sell. Unfortunately, this isn’t always true. While transforming your main bathroom into the spa-like experience you’ve always dreamed of sounds like a good idea, if you’re selling your home, it may not add to the value of it as you’d think. On the other hand, fixing an aging roof or replacing gutters will almost always up the value of your home.
There are several tried and true home improvements that will increase the return on your investment, so if you’re planning to sell soon after making them, these are the improvements you should consider.
1. MINOR BATHROOM UPDATES
No one likes to think they are using someone else’s bathroom, so focusing on updating and improving the bathrooms in your home is something most homebuyers welcome. The good news is, you don’t have to gut the whole room and start over to increase your ROI. Instead, try adding some additional lighting to make the room brighter, and add a new vanity. By simply giving the room a fresh, new look, homebuyers are more likely to give your home a second look.
2. IMPROVING CURB APPEAL
First impressions are powerful, which is why it’s smart to up the curb appeal of your home. The key to landscaping is to keep it simple, with trim, clean lines. The landscaping in your yard should suggest that you care about how your home looks but not that it takes a great deal of time or money to keep it looking that way.
3. MINOR KITCHEN RENOVATION
The kitchen is one of the most important rooms in a home. In fact, for most homebuyers, the kitchen can make or break a sale.
Again, the good news here is that you don’t have to spend a great deal of time or money on updating the kitchen to make it appealing to homebuyers. Instead of completely overhauling the room, go for more subtle upgrades like refinishing the cabinets and installing new hardware or replacing the old appliances with newer modern ones.
4. MAKE A BEDROOM IN THE ATTIC
If your home has a convertible attic, you should consider making it into an additional bedroom. Anytime you can add to the number of bedrooms in a home, you up its value instantly. Homebuyers love the fact that an attic can be used as a bedroom, so go for it if you have the space.
5. REPLACE THE ENTRYWAY DOOR
Like the landscaping suggestion above, the entryway door is likely one of the first things homebuyers will see when they visit your home. Replacing the entryway door is the least expensive way to increase your ROI and it gives you another way to put your best foot forward to make a great first impression.
Many people think they need to go all-out when making home improvements to increase their home’s value for sale. While some home improvements do just that, all home improvements are not created equal. If you’re looking to increase the return on your investment when selling your home without breaking the bank, try the suggestions listed above.
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