 If you’re looking to make home improvements this year, it’s always helpful
to know what to prioritize in order to get the most bang for your buck.
Which Project Recoups The Most Money When Selling Your Home?
Minor Kitchen Remodel (81%)
The highest return on your investment is to moderately update the kitchen.
Examples of this are refinishing cabinet faces, installing a wall oven or
replacing the countertops.
Bathroom Addition (72%)
Nowadays, everyone wants their own space. An extra bathroom is a great
selling point. Even if it’s small, it’s still there and still usable.
Bathroom Remodel (71%)
Right below an addition, is a remodeling job on an existing bathroom. This
may include updating the toilet, sink, counter top or tiling.
Family-Room Addition (71%)
As more homeowners seek refuge and quiet in their homes, the family room
adds that space and comfort. More and more families rank a family room as
a must for a quiet spot or casual entertaining.
Major Kitchen Remodel (70%)
If your kitchen is outdated, this is a project you should strongly
consider if you’re selling your home anytime soon. The kitchen is one of
the first impressions a home makes to a prospective buyer.
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If it’s outdated, the house sells slower.
Master
Suite (68%)
Once the kids come, mom and dad are looking for a place to escape for some
peace and quite. If you have young children, you understand how this could
be important for prospective buyers.
Attic Bedroom (65%)
On the flip side is the family who has teenagers. They want their space
and you want a lower decibel level of music. The attic bedroom is the
perfect solution.
Window Replacement (56%)
This is a relatively inexpensive improvement for the amount you recoup. If
your windows are old or inefficient, replacing them can not only add
value, but it will also improve your heating and air conditioning bills.
Deck Addition (54%)
Enjoying the great outdoors is high on most prospective buyer’s list. A
deck is a popular addition that adds value and entertaining space.
It’s also important to plan your financing for the new project. Many
homeowners make the mistake of obtaining financing through their home
improvement store, local bank or credit card. To do this may cost you
thousands of dollars in extra interest. To help you save money, make sure
you contact me to check out any financing options prior to construction.
As always, I’m here to help!
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