Home Improvement Projects with the Highest Return
Posted October 13th, 2015 by Moving Station

Are you gearing up to put your house on the market, but aren’t sure what improvements to make to optimize your home’s value and increase its chance of selling? There are a few projects that provide the highest return in order to get top dollar for your home.
According to Remodeling Magazine, you’re less likely to regain your investment in a major kitchen or bathroom remodel than you are on basic home maintenance such as new siding. That’s not to say that a minor kitchen or bathroom renovation isn’t worth the time and money. Minor kitchen remodels returned 92.9% of the cost. There are many improvements that would appeal to the mass of home buyers. These would include all-wood cabinets, commercial-look appliances, natural wood or stone floors and stone countertops.
For bathroom renovations, walk-in showers yield a higher value than a whirlpool tub. However, if possible, you’ll receive a greater return by putting that money towards adding an additional bathroom. According to a survey by the National Association of Realtors, adding a bathroom increased the sale price of a home by 8.7%.
Kitchen and bathrooms aside, every homeowner’s first priority should be keeping the existing structure sound. Replace siding or the roof when it’s at the end of its useful life. Same for mechanicals like your furnace and hot water heater. If replacement isn’t in the budget, have them serviced so you can show buyers everything is in good working order.
Curb appeal is also important to home buyers. Your home has one chance to make a first impression so spending money here is wise. For instance, a front porch creates interest to the exterior of a flat house. A fresh coat of paint on the door, or something as simple as adding seasonal flower pots, can create a more inviting look for buyers.
Deck and square footage additions are also high on the list of improvements that pay you back, though are certainly larger undertakings. Smaller projects that can add value include removing a wall to create a more open floorplan, updating fixtures in the kitchen and baths, adding more storage, or updating lighting.
Whatever your budget, there are certainly projects that can increase the marketability of your property and increase its value.

Leave a Reply

Your email address will not be published. Required fields are marked *