Top Home Improvement Projects For Best Return On Investment
Before you invest money in a home renovation, consider the value it will add to your home. There are some remodeling projects that offer a greater return on investment than others. The following article, will highlight the top home improvement projects which will give you the greatest return on investment.
One easy way to update the look of your home is by replacing your front door with a steel one. Homeowners who replace their door with a steel one, on average get back almost 129 percent of the cost of the project when the house is sold. This is due to the fact that steel doors cost less than other alternatives. Also, most steel doors have a weather stripping which can improve the energy efficiency of your home.
Nowadays, more people are opting to entertain at home instead of going out. Building a wood deck in your yard is a good way to add value to your home. A wood deck will add more liveable, useable space to your yard. It will also make it more attractive to potential buyers.
Nothing adds more value to your home than extra living space. Converting an unused attic into a liveable space is less expensive than adding a whole new wing since you already have the space. Potential buyers are always looking for extra space and a cozy living area will be more valuable than an unused, dark attic. On average, a homeowner can recoup 83 percent of what the attic remodel cost.
If your house has an old, wooden exterior, adding a vinyl siding is a good project to consider. New siding will add curb appeal by making the house look new. A house normally needs to be painted every seven years. With vinyl siding you can avoid this expense since it requires very little maintenance.
Installing energy-efficient windows in your house is a good investment to make. Not only will it make your house look nicer but it will also save you money on your monthly electrical bill. This improvement will appeal to potential buyers since they will not have to spend money replacing old, drafty windows.
A kitchen renovation is almost always a great investment for resale value. The kitchen is one of the first places home buyers look at when house hunting. You don't have to spend a lot to update the look of your kitchen. Sometimes updating your appliances is all your kitchen needs to not look dated. You can also paint the cabinets instead of replacing them. This will save you a considerable amount of money and will create a big impact. However, make sure you don't over improve when you remodel your kitchen. If you live in a very modest house and neighborhood, installing granite counter tops or stainless steel appliances will not recoup you the money when you sell.
When you do a home improvement project, it is smart to do a renovation which will boost the value of your home for resale and give you the best return on your investment. The home improvements mentioned in this article are just a few of the most worthwhile renovations you can make.
