Whether you’re planning to sell your home this year or a decade from now, remodeling projects can improve both the resale value and the appearance of your home. But it’s challenging to know which upgrades are worth the investment and which are a waste of time and money.
Here are a few home improvement projects to consider that are almost certain to improve your resale value and the look of your home.
1. Minor Kitchen Remodel
Kitchens in older homes weren’t designed to be as functional as they are today. If you’re still cooking in a kitchen that pre-dates your birth, a minor kitchen remodel might be just the thing to make you love the culinary arts again, all while increasing the value of your home.
Upgrade your appliances with energy-efficient models, replace outdated cabinets with newer options, and redo your counters. The average return on investment for a minor kitchen remodel is 81 percent, with the average cost of the project coming in at around $21,000.
Always over-budget for your project. It doesn’t matter what you decide to replace or upgrade—remodeling projects will pretty much never cost less than you anticipate. You can make choices to save money, but in the end, you will almost always end up spending as much or more than you expected.
2. Wooden Deck Installation
Adding a deck to the back of your home gives you a great place to throw a barbecue, host an outdoor dinner, or even install a hot tub so you can enjoy the outdoors without getting dirt on your feet. It is also a great way to add value to your home, as long as you choose a design made of wood instead of one made of plastic or composite. A wooden deck will cost you an average of $10,500 to build, but most homeowners recoup 85.4 percent of that cost—one of the largest returns on investment that you’ll find on this list.
If you do choose wood, make sure that you’re ready to sand and refinish it periodically to ensure that you can enjoy your deck without worrying about you or your guests getting splinters.
3. Garage Door Replacement
When was the last time you replaced your garage door? An old or out-of-date garage door doesn’t just damage your home’s value—it can be downright dangerous. While they were made safer in 1993 when a law was passed mandating that all garage doors be equipped with an auto-reversing feature, they’re still the biggest and heaviest moving object in your home.
On average, you’ll spend around $3,600 to replace your garage door and all the associated equipment, but you’ll reclaim nearly all of that in value for your property. The ROI for a garage door replacement is an astonishing 97.5 percent, in addition to making your home safer while improving the property’s value and curb appeal—all in one neat package.
Keep reading the article “The 5 Best Home Improvements to Add Resale Value” here:
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