The internet is awash in home upgrade ideas. But how many of them really add value to your property? For example, which improvement will enable you to sell your house for more than you would get otherwise?
That's the topic we look at in this post. Usually you won't get back all of the money that you spent, but you will get back the money if you spend it in the right areas.
Apply minor kitchen remodeling
Major kitchen remodeling doesn't have a large return. However, small changes to your kitchen, like updating the cabinets and replacing the countertops, can be an extremely effective way to make it look like new. Usually, all you need to do is give it a new skin, which is vastly less costly than trying to replace all of the cabinets and appliances from scratch. But, at the same time, it generates new-looking results. That convinces buyers that they're walking into a home that's just been renovated.
The ROI you expect on kitchen remodeling is usually between 70% and 100%. This makes minor changes one of the most cost-effective ways to boost the value of your property.
Improve curb appeal with landscaping
If you can improve your curb appeal with landscaping, then you can increase the value of your property considerably. Homes with better outside areas can earn premiums of between 5 and 7 percent. Plus the ROI can often be above 100 percent since the cost of adding new shrubs and rock gardens is very low.
Deal with the roof
Dealing with your roof and preventing any problems from occurring is another way to increase the value of your home. If you can get a certificate from a company like A&J Professional Services, you can prove that your roofing is in good condition.
Once you have this documentation, the buyers are more confident about the state of your property. They are less likely to want to look elsewhere. What's more, if they're choosing between two properties and they can't decide, the one with the more robust roofing is likely to win.
Finish the basement
So many properties go with unfinished basements, and this is something that can put off buyers. Therefore, investing in a renovation here will usually give you back the majority of the money you spend. It won't be quite as cost-effective as a kitchen remodel since people don't use their basements as much, but it can still have an enormous impact on the value of your home and allow you to get 70% of your money back when you finally come to sale.
Add a new garage door
Lastly, if you are really looking for a higher ROI investment, you might want to explore the option of getting a new garage door. A lot of buyers are now looking for reliable and insulated doors that allow them to keep more heat in their garages. These can be a prominent exterior feature that also improves the aesthetics of a property and makes it appear more functional.
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