If you’re currently thinking about selling your home, you’ve probably heard all about which home improvement projects you should be doing to increase your final selling price. While making repairs and updates to your home is always a good idea, there are certain projects that will give you a bigger return on your investment than others. Take a look at the best home improvement projects with the highest ROI that you should consider if you’re selling your home.
Before you head over to HomeStars and start connecting with pros for quotes, there are a couple of things to take into consideration before you start renovating. The return on your investment depends on the value of your home, the value of homes in your neighbourhood, and the state of the housing market where you live. You need to be strategic on where you spend your renovation budget. If you spend a large sum of money on a kitchen facelift but your home is the only one on your block that has a roof that is visibly falling apart, no amount of kitchen renovations will increase your ROI.
Be strategic when it comes to planning home improvement projects with the sole outcome of selling your house for more money. As you read through this list, think about the major things in your home that need fixing and then consider the nice-to-have cosmetic projects.
One of the most important renovations you can do if you’re in the market to sell your home is to update your roof. No home buyer wants to purchase a home they know they will have to replace the roof on. Even if your home has the most beautifully renovated bathroom, a leaking roof will stop potential buyers from signing on the dotted line. Click here to find a roofing professional in your area now.
An unfinished basement is one thing, but an unfinished basement that floods is another. No potential homebuyer will care what your basement looks like if they find out it floods every Spring. Instead of investing your money into cosmetic upgrades in the basement, spend every penny on keeping it dry. Imagine if you were the potential buyer. Wouldn’t you notice that musty smell coming from the basement and wonder if there’s more of it? Take the time before you sell to address any foundational issues that could affect your home before you list it. Click here to get in touch with a waterproofing expert near you today.
It’s likely that prior to reading this article you assumed the best project to do before selling is updating your kitchen. While this is a very important room, it is not the most important. Many homeowners end up ripping out old kitchens and replacing them with their dream kitchens once they take possession. With this in mind, it would be a waste of your time and money to invest in a total kitchen overhaul. Instead, stick to simple cosmetic updates that will improve the overall look of your kitchen. Consider repainting your cabinets to a fresh and clean white colour if they’re currently covered in outdated wood. Click here to find a kitchen renovation company to get your project started.
Another very popular choice when it comes to renovating for resale is the bathroom. An unappealing bathroom can send potential buyers away. While you do not need to do an extensive bathroom overhaul, there are some key things you can have done to make it show better. If your bathroom is cluttered and outdated, take some time to clear it out and bring it into this century. A fresh coat of paint in a neutral colour, updated tiling and fixtures can have a big impact. If you need the help of a bathroom renovation expert, click here to find companies in your area and get quotes now.
With both of these rooms, consider how new or old the rest of your house looks by comparison. If the rest of your home was redone in 2016, but your bathroom hasn’t been touched since the 70s, you’ll want to spend a bit more to bring it up to date. The same goes for your kitchen. Think about if the rest of your home looks move-in ready, or if you’re selling your home knowing the buyer will be making significant changes. Having this in mind will help you decide just how much work you need to put into these rooms.
If the inside of your home looks great, but you’re having a hard time getting buyers to come and check it out, you may need to do some work to make it more appealing at first glance. By spending some money to make your curb appeal greater, you’ll attract the right buyers and get the ROI you’re after.
New Front Door
A new front door is quickly becoming the best thing you can do to your home to see a higher ROI. Not only does adding a new front door improve your curb appeal, it can also increase the energy efficiency of your home and decrease the new homeowner’s energy bills. Steel doors, in particular, can have a 100% or higher return. If you’re looking for a simple update that won’t break the bank, a new front door is your best option. Get in touch with door companies near you by clicking here.
If your beautiful home is surrounded by unruly hedges and dead flower beds, it should be no surprise that these are things that will turn potential buyers away. No matter the time of year you’re planning on selling, it’s important you make the outside of your home look appealing. Hire a landscaping company to tackle this task. The professionals know what they’re doing and how to make your home look its best. A home with attractive landscaping can see well over 100% return on this investment.
Whether your home needs a lot or a little bit of work to get it ready for sale, there are many things that can be done to help get the ROI you’re after. Take some time to do your research on the current housing market and what other homes in your area are going for. Once you have a better idea of the market, you can decide what’s reasonable for you to spend on your home. When you’re ready to make some changes, start on HomeStars and find the right pro for your project now. Good luck on selling your home!
Cover image courtesy of Domestica Clean