One of the keys to successful home improvements is choosing a project that will add value and functionality to your home. Not all additions or renovations actually increase your home’s value. Before you commit to a project, understand how it will affect your home’s resale potential. The following is a list of common improvements with excellent resale payoffs.
Replace Your Front Door
Surprisingly, the simple task of replacing your front door yields a 98% return on your investment. Plus, this is also one of the cheapest and easiest home improvement projects you can do. It greatly improves curb appeal without adding to your existing home maintenance.
Upgrade Your Siding
Siding has the most impact on your curb appeal because it covers most of your home’s exterior. Old and worn siding can knock up to 10% off of your home’s overall value. You can choose from vinyl, fiber-cement, wood and other materials. Each siding type has its own pros and cons regarding design, durability and cost.
Redo Your Roof
Especially if you have any leaks or missing shingles, you should already be considering a new roof. Additionally, if you home is over 20 years old, it is likely that the materials are near the end of their life expectancy. A new roof is a great incentive for a buyer to purchase your residential property in the future.
Remodel Your Kitchen
When you hear kitchen remodel, you probably imagine a home improvement show where the entire space is gutted and redone. However, your transformation does not need to be so dramatic if you do not want it to be. An upgrade in appliances, counter tops, cabinets, etc. can go a long way in adding resale value to your home.
As you pursue your home improvement options, do not forget to consult with professionals to get a realistic idea of the possibilities. Especially if you are looking at an invasive procedure like roof replacement, you will likely need to contact a contractor.
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