5 HOME IMPROVEMENT PROJECTS THAT RETURN THE MOST VALUE
If you are getting ready to sell your home, you might be wondering if you should remodel first. The answer is yes and no. Definitely fix things that are broken and consider home improvements that bring you value to your home. However, some projects are not necessary and will cause you to throw away your money.
Here are five home improvement projects that provide the best return on investment.
#1 Minor Bathroom Improvements
In a minor bathroom remodel, you will want to replace the following:
- Tile surround
The average cost of this minor remodel is $10,500. According to studies, you will get a 102% return on investment.
Other minor bathroom changes include:
- Re-caulking the tub/shower
- Reglaze the tub rather than replace it
- Fresh paint
- New shower door
#2 Landscaping Improvements
What you do to improve the curb appeal of your home will come back at a 100% return on investment. The average seller spends about $5,000 on landscaping improvements and sells their home for $5,000 more.
Of course, what you do will depend on your home, what is already done, and what your yard needs to stand out from the crowd. However, here are some suggestions:
- Sod the yard
- Add a splash of color with plants
- Add bushes and plants of varying heights for visual impact
- Trimming and pruning
- Add a focal point such as a walkway or fountain
#3 Minor Kitchen Remodel
Although not quite as valuable as a minor bathroom remodel, a minor kitchen remodel does give you a 98.5% return at sale. Most minor kitchen remodels cost around $15,000, since the changes are cosmetic and not about floor plan changes.
Some things to consider when doing a minor kitchen remodel are:
- Reface cabinets
- Replace stove, sink, and fixtures
- Add laminate countertops for lower-end homes and stone or glass for upper-end ones
- Change flooring
- Add recessed lights
- Change the backsplash
- Add a splash of color with décor
#4 Entryway and More
Making improvements to your front entry, vinyl siding, and exterior paint will bring you a 95.5% return on investment. Consider doing the following:
- Replace old vinyl
- Paint wood siding
- Paint front door and trim
- Remove old awnings
- Replace damaged railings
- Add a pergola with columns.
#5 Add a Deck, Patio, or Porch
Outdoor space is becoming more popular, which is why adding a deck, patio, or porch offers an 83% return in the South but a 100% return out west. If you already have an outdoor space, you may want to enlarge it or improve it.
- Add decorative planters
- Add a gate
- Increase outdoor lighting
- Make railings safe
- Hide the HVAC unit with a trellis
By sticking to this list, you’ll be able to make the improvements on your home that buyers want to see. And, you’ll be able to do it without taking a big loss at the time of the sale.