There are a number of small, inexpensive improvements you can make in your home that will improve its resale value. In the end, these things also make your home more marketable when you decide to sell.
Simple and low-cost projects tend to return the most value. For example, the national average cost to replace a steel door is $1,230, but it ranks highest on the payback list in terms of return, returning just over 100% of its value in resale on average. Other small-scale replacement projects like new windows, a new front door, or a new garage door will get you the greatest return on your dollar in addition to making your home more appealing.
Remember, first impressions always make the greatest difference to buyers. If you walked into your home as a buyer, what do you think your first impression would be? What would have the biggest impact?
As far as the bigger projects go, kitchens will always provide the greatest value return, followed by bathrooms. It’s unfortunate, but I see too many homes where major remodeling has been done and the kitchen and bathrooms were not upgraded at all. This is one of the biggest mistakes you can make when it comes to remodeling. Countertops, cabinets, and appliances can always make a huge difference when used right, meaning you don’t want to stick brand-new stainless steel appliances in a rundown kitchen.
You have to consider your market when making upgrades. Sometimes you’ll want to spend more money on curb appeal, whereas other times you may want to focus more on the backyard setup. If you have questions about your home and how to make valuable upgrades in your specific property, we’d love to sit down with you and point you in the right direction. Give us a call or send us an email and let’s continue this conversation soon.