If you’re ready to make an investment in your home, you want to be smart about the renovations you make. While some can add value to your property, others will harm the value. Before you decide where to put your money, make sure that you’re making a cost-effective investment that will pay you back through a higher home value.
Replace Worn Fixtures for Better Curb Appeal
It’s surprising how much ancient windows, cracked siding and a hideous garage door can drag down the value of your property. Replacement projects are typically the most affordable while giving you a nice return on investment. When you go to sell the house, buyers will also appreciate that you’ve been meticulous with maintenance, and that will help your house move. New siding, windows, garage door and exterior doors from Jayhawk Exteriors Inc typically have a ROI of more than 70 percent. You should also give the interior fixtures the same consideration. Upgrading your air conditioner, plumbing, and heating systems are all great ways to save on energy bills while adding value to the home.
Upgrade the Attic
If your attic has the headroom, then turn it into another bedroom. Check your state’s building codes to see what features it must have to be considered a bedroom, such as a window that can be used as an emergency exit and a closet. This upgrade can be more costly, but it also has a high return of more than 70 percent. Be sure to work with an engineer to ensure that the proper supports are in place for the additional weight. You also may want to add dormers for windows so that you can add more natural light inside the attic while giving the exterior a fresh look.
More Powder Time
Put in another bathroom to further increase the value of your home. Rusco Industries reports that bathrooms are actually more important to homebuyers than kitchens. This can be a major investment in the house, but you can expect to recoup nearly 50 percent of the cost while helping your home sell faster when the time comes. Choose the location for your bathroom carefully. You don’t want to create a choppy floorplan or make a room too small. A professional designer can help you determine the best location for this new living space.
Kitchens have always presented homeowners with a great opportunity to increase the value of their property. People enjoy cooking, and they want kitchens that are spacious and well organized. This might mean going with custom cabinets that let you make better use of space, but you can expect to recoup a fair amount of your investment by increasing your home value. Take care not to overbuild the kitchen for the area in order to maximize your return.
There are many ways to improve your home, but these are guaranteed to bring you a higher value along with a more enjoyable home. Trust the professionals with these renovations to ensure that everything is up to code and will look great. You can also talk to professional contractors openly about other changes you’re considering to see how effective they are at improving home value and giving you a good return on investment.