When investing money into your home, you want to be sure that you will get the most return in your home’s value. Some renovations are sure to boost your home’s value.
The Kitchen: Kitchen remodels almost always add big value to your home. The kitchen is the heart of the home and is often a deal-breaker when someone is shopping for a new home. You don’t always have to do a complete gut job to see a difference. Upgrading appliances or installing new countertops and backsplashes cbd products fairly easy ways to make a big impact on the appearance of your kitchen. Other small details such as new knobs for the cabinets or a new faucet for the sink also can make a big difference. When a kitchen renovation is done right, you can often expect to recoup as much as 70% of the cost!
Bathrooms: After the kitchen, bathrooms are next on the list for what can make or break it for a potential home-buyer. Buyers are turned off by dirty, outdated, or broken fixtures, toilets, and tubs. While certain things sometimes need to be totally replaced, you can also find ways to salvage things such as reglazing a tub. New faucets and handles can add sparkle and shine while adding new grout and caulking give a nice, clean look. Also, look to find ways to maximize space and storage in a small bathroom. If there is not a lot of natural light, make sure that the light fixtures provide adequate lighting. Like kitchens, bathroom upgrades and renovations tend to produce a high return for your money.
Living Space or Bedroom addition: Large, open living areas are becoming increasingly valuable to home buyers. Adding living space or additional bedrooms either through renovation or addition is a great way to increase your home’s value.
Landscaping: Since the front of the home is the first thing a buyer sees, it makes sense that your front yard should be top-notch. The front of the home is a reflection of the inside, and a poor front yard can often deter a buyer from ever coming inside. Improvements can be as simple as sprucing up the flower beds to painting or adding new light fixtures.
There are also a few renovations and additions that just don’t seem to worth it when you are trying to increase your home’s appraisal value. These typically are not worth the extra cost.
Pool: Many people do not want to deal with the added maintenance or liability of having a pool.
Carpeting: Most home buyers are no longer looking for wall to wall carpeting. Adding new wood floors or renovating old wood floors will tend to produce a greater return.
Maintenance Expenses: Those improvements that can’t always be seen like new plumbing or heating and AC are something that buyers expect to be working properly when they buy a home. Don’t think of these as an investment as much as maintenance because a buyer is not likely to be impressed by these improvements.
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