While home remodeling projects should prioritize making your home more comfortable and enjoyable, it’s also important to consider its return on investment. This is crucial, especially when you know you’ll sell your home in the future. While there’s no home improvement project that can bring back a hundred percent of its value, some can come close.
Here are some home modeling projects considered worth your time:
1. Improve Curb Appeal
First impressions do count, and if you improve your home’s curb appeal, it can make your home stand out from the rest. Consider installing a stone veneer, which costs much lesser than natural stone. When installed properly, you can expect to have, at most, 95% of your investment back.
While it’s tempting to DIY home improvement projects, installing stone veneers should be left for professionals such as Nova Exteriors to reduce risks of water damage due to improper installation.
2. Garage Door Upgrades
While garage doors are a simple part of your home, an upgraded garage door is one project that adds value. Since your garage door is part of your home exterior, it’s also one thing that’s first noticed by guests or potential buyers. If you upgrade this fixture, it will add character to help make your home distinct from others.
Again, installing a new garage door should be left to the experts. If you really want to attempt to take off your current garage door and replace it with a new one, find out if the manufacturer warranty will be voided on DIY installation.
3. Kitchen and Bathroom Remodel
Your kitchen is probably the most useful part of the home. In doing home remodeling, many people focus on doing work in the kitchen. However, not all improvements are worth the time and cost. Big projects such as changing flooring, using commercial-grade appliances, and adding custom cabinets, aren’t worth the time and money.
Meanwhile, small kitchen updates are seen to give better returns. These include cosmetic upgrades such as painting the trim, molding, walls, and ceiling. Cabinet resurfacing and installing new hardware are also known to give a better selling point among most home buyers and are perfect DIY projects for anyone.
The bathroom is another essential part of your home which needs attention. Before making a bathroom renovation, consider the long-term appeal to potential buyers. Go for functional and clean projects over luxurious ones. For your bathroom, consider going for more efficient low-flow toilets. Consider also replacing the bathtub in the master bath with a walk-in shower.
4. Replacing Siding
Rundown siding is bad in the eyes of potential buyers. Replacing your old siding with fiber cement or vinyl is seen to be a worthwhile investment. For two or three-story homes, siding removal and replacement are best done by professionals.
Consider using highly dense fiber-cement products, also called Hardie board siding, which is mildew and mold-resistant, noncombustible, and provides almost 80% of return. Vinyl is quick to install and requires low maintenance, and provides as much return of investment as fiber cement but can emit chemicals over time.
5. Window Replacement
Home efficiency is an essential factor for most homeowners. If you have old and ineffective window seals at home, there’s a great chance for your energy bills to increase over time. Installing new, more efficient windows will have an excellent return in terms of reducing monthly energy bills. Other benefits include UV protection and effective noise reduction. UV protection also means your furniture and wall paint are protected from fading.
6. Wall Paint
Think about giving the interior walls a new coat of paint. However, be careful in choosing paint colors. Consider using neutral colors for better buyer appeal. For the exterior, you don’t have to repaint it. However, consider freshening it up by pressure-washing the surfaces to get rid of dust and dirt. You can then touch up the paint in places where they’re most needed. You can then focus on painting the window trim and front door.
7. Roof and HVAC
Buyers will surely walk away from homes that need costly repairs, such as damaged roofs and HVAC systems. A leaky and damaged roof leads to water damage, which is very costly to address. Thus, it’s best to replace them and have the HVAC system serviced if needed.
There are various things to consider when making home remodeling projects. While you ultimately want a more comfortable place to stay in, you should also consider doing remodeling that has the best returns of investment. The mentioned projects in the article provide you several ideas on these projects that will help you enjoy your home while also ensuring to please potential buyers.