Home Improvement Projects with the Highest ROI
It’s common for homeowners to improve their property in some fashion to boost its chances of selling at a higher price. However, not all home improvement projects are alike and many of the most expensive ones prove to be little to no value in terms of their Return of Investment (ROI). So, here are a few home improvement projects with the highest ROI so you can choose the ones that really work.
Landscape
Remember, the first thing that people notice about your property is the front yard. So, the better it looks, the more curb appeal it offers. Properly cut grass and trimmed trees and hedges add real value to the sale because of their attractiveness. However, you can do a little more to set your home apart by adding a little landscaping. Consider adding low maintenance plants and a simple rock garden which both beautifies your property and tells potential buyers that they need only do a little work to keep it up.
Remember to keep things simple and straightforward when landscaping your property so that you get the most ROI.
Bathroom Remodeling
If there is any one place that potential buyers check out in the home, apart from the kitchen, it is the bathroom. There are two basic reasons, the first being the overall condition of the bathroom which is subject to moisture levels that cause mold and mildew to form. The second is their fixtures, which if out of date will not go over well with buyers.
So, you’ll want to address both issues if your bathrooms need remodeling. The good news is that many of these projects are relatively inexpensive and will boost your ROI.
- Resurface or Repaint Tubs, Showers, Sinks, and Countertops
- Resurface or Replace Tile on Your Own
- Purchase Your Own Fixtures
Resurfacing can save you up to 50% compared to replacing tile, tubs, showers, sinks, and countertops while providing the same effect. By purchasing new fixtures and replacing them yourself, you can save even more money. However, for electrical fixtures you’ll want to use an electrician or electrical contractor.
Cabinets
Your kitchen cabinets are, next the bathroom, arguably the one thing that most potential buyers will hone in on when viewing the inside of your home. Naturally, the entire kitchen should be clean and looking like new, but you can do more by renovating your kitchen cabinets which will have the most impact.
If they are old, out of date, and in need of repair, then consider having them replaced even though this is the more expensive option. Replacing them with new cabinets means that your kitchen gets an entirely new look. However, for cabinets that are still in good shape, consider repainting or refinishing them instead. Another option is to add laminate or wood veneer over the drawers and cabinets to provide them with an entirely new appearance for a fraction of the cost compared to replacement.
Using these home improvement projects with the highest ROI means that you can boost the value of your home while not having to spend a fortune.