Sometimes upgrading your home can feel like a complicated and expensive project. But whether you’re looking to do some renos to increase the live-in aesthetic, or you’re trying to up the value before you sell, you need to consider where you’re going to get the best ROI on any renovation before you commit. Consider the following upgrades to help you get started on your home makeover.
Replace Your Doors
When it comes to simple cost-benefit ratio, replacing your home’s doors is one of the best inexpensive upgrades you can do, because the when you spend a little extra on a custom-made and professionally installed entry door or you replace those old sliding patio doors with new ones, you’ll often see a return on investment of nearly 100%.
Home buyers make their decision to buy within the first 10 seconds of seeing a home, and doors go a long way to forming that first impression.
Value-Added Mudrooms
Mudrooms may not seem like the most natural upgrade, but they’ve become much more popular in the last decade as a room to invest in. Never overlook the chance to add value to the space if you have the room in your budget to make the improvements.
You can add tile floors with a warming system to make the space more pleasant during winter, and with plenty of storage for shoes, coats, and bags, the mudroom can act as a perfect entryway or vestibule.
Spruce up your Furnace Room
When preparing their home for sale, many people forget all about this room, but every informed homebuyer is going to insist on an inspection — and discovering that the home a couple is about to buy needs a new water heater or has a poorly-functioning HVAC system will pull everyone involved back to the bargaining table.
The best thing you can do if you’re preparing to sell is to make sure your furnace and AC unit are both up to date, and to clean the furnace room before any showings.
Add a Deck to your Yard
If you have an impressive outdoor space, it isn’t the most difficult thing in the world to add a wooden deck to your property. In fact, you can add a deck onto your house for as little as $1,000, or even less if you happen to be handy and can install it yourself.
While the most expensive decks are around $8,500, adding even a $2,000 deck can add twice that in value to your home.
A few extra features like lattice work will produce higher privacy and if you add a low-maintenance finish, you might even add more to the ROI of the project.
With a few of the above renos, you can watch your property value soar quite quickly. While you might not necessarily recoup 100% of your investment with each and every renovation, being smart about how you spend your money can mean big things when it’s time to sell.
