Whether you want to remodel your home for your own enjoyment, or you’re looking to move soon and want to find ways to boost your home’s value, there are certain improvements that will benefit both situations.
Check out the 3 best home improvements worth your money.
Many homebuyers have a limit on how much they can spend on a home. If they know they don’t have to worry about spending money to repair the basic systems in their home, like the heating, ventilation, and air conditioning (HVAC) or the roof, they’re more likely to buy the home.
This means it’s critical you spend the time and money making sure your house is in good working order before you dump money into new kitchen cabinets or granite countertops because buyers will choose a working home over a fancy kitchen.
If your house is fully functional then it’s alright to look at remodeling your bathroom and kitchen. Kitchens still offer the most remodeling bang for the buck, with a national average payback of 79.3%.
The flip side of a kitchen or bath remodel, or any remodel, is looking at your house as a whole. Just make sure you look at the big picture when deciding what improvements to make to your home along with the improvements with the highest rate of return.
Adding more space not only adds value to your home, it can also increase your enjoyment of occupying the house while you’re there. Every 1,000 square feet added to a home boosts the sale price by more than 30 percent.
People are always wanting a little more space here or there.
If your goal is to add value to your home then you must know less will always be more. Replacing elements like doors for steel ones, or upgrading your garage door, or fixing your siding will always add more value than bigger remodeling projects.
That doesn’t mean you can’t remodel your kitchen and bath; those still yield a significant payoff. It does mean that you have to examine your goals of remodeling, how long you expect to stay in the house, and what potential buyers may want before you go tearing down walls.