Even if you're not planning to sell your home in the near future, it's helpful to know about the best options for home improvement return on investment. You put time and money into upgrading your house, why wouldn't you want to enjoy the benefits down the road?
To help you get the best ROI, here are some home improvements to consider:
Landscaping and other exterior enhancements make an enormous difference on the overall value of your home. The best part is, you don't even have to break the bank.
Basic lawn maintenance including trimming lawns, weed control and fertilization costs between $40 and $120, but can yield over 500% return on investment.
Trends may also be important when renovating or upgrading the home. These don't usually refer to home design trends, but rather to factors impacting your local home buying market.
For example, depending on your location, you can see energy-efficient appliances with smart home capabilities having high return on investment.
Key rooms like bathrooms and kitchens are a major selling point, and some place areas to focus on. Affordable and easy home renovation projects like replacing fixtures with updated alternatives can enhance the entire space for a small expense.
While more time-consuming, installing hardwood floors in your kitchen is another simple option to make a big difference.
If you want maximum returns on investment, there are plenty more options to consider. Garage door replacement is an exterior change that can equal huge returns - not only does it boost curb appeal, it extends the useful life of a major mechanical element.
Other exterior options include cleaning your existing vinyl siding or replacing it for a fresh new aesthetic. Paying special attention to upgrades in your outdoor space can have a huge payoff, especially with major home remodeling projects like swimming pools.
Whether you want to increase your home's resale value or simply enjoy the benefits of your own home renovations, these are excellent options to begin with. For more ideas on improving your existing space for prospective homebuyers, consult a real estate agent for expert tips.
Daniel j Leeder is a REALTOR®. A Legislative Committee member of Citrus County Realtors Association. He has an extensive history of business experience. Has been a franchise owner of Tropical Touch Auto Restoration an independent contractor for Colors on Parade Inc. for 29 years. A business owner, homeowner as well has closed on properties 75 times in 3 states.
Strength of Character and a drive to please in all capacities of business and personal relationships helps him be the best choice for your Real Estate needs. Real Estate can be complicated, you need a professional in your corner to help you through the little details, and contracts, showings, and legal issues that arise with the buying or selling of one of your most expensive assets. You don't trust your Business or Home to just anybody. Consider Listing or Buying with the Captain. He will NOT steer you wrong.