Many homeowners are constantly asking themselves, “What home improvement(s) can I make to my house so that it’s more marketable when I sell?” The short answer, it depends. Each house is unique, and as a result, it is important to constantly assess home improvement opportunities to get the largest ROI on your investment. That being said, your home improvement that’s needed the most isn’t always a cosmetic update as most people may think. Instead, it could be replacing your old roof or furnace that will be the best investment for you.
From our observations, here is a list of our Top 3 Home Improvements that we have seen deliver high returns:
1. Home Maintenance – If a roof is leaking, it won’t matter that you have an updated kitchen, buyers won’t see past the leaky roof. The truth is, that you are less likely to recoup your investment in a major kitchen or bath remodel than you are on basic home maintenance if it is needed. A lot of our home buyers are looking for homes that have newer windows and roofs because they don’t want to spend their money on non-cosmetic updates.
2. Kitchen and Bath Remodel – A kitchen or bath remodel often returns more than 100 percent of the cost. These areas of the home are the big ticket items home buyers are looking for when purchasing a home. When looking to remodel these rooms for resale, make sure you are designing it for the masses and not just your style; it is best to stick with neutral colors and backsplashes, commercial-look appliances, and new cabinets in either a natural or dark stained wood. However, if you are planning on staying in the house for the foreseeable future then make it your own!
3. Curb Appeal – The saying “You can’t judge a book by its cover” does NOT apply to real estate. If a home buyer sees your house while driving and it looks dated and worn down they usually won’t even consider looking inside. So even if you have completely updated the inside of the house, but the outside is lacking, you are doing yourself a disservice. By just adding a pop of color to the front door and adding some landscaping, we have seen it go a long way for home owners.
As I mentioned earlier, every home is unique. If you are preparing to sell your home, but have questions on what you should be investing your money in, please feel free to reach out to us with any questions!