Making home improvements will enhance your home’s comfort and add to its value. But not all home improvement projects are created equal.
If you’re planning to sell your home, take the time to focus on projects that offer the best return on your investment. While the cost and value of your home improvements will vary based on many factors, the following projects often have the biggest impact when the time comes to sell your home.
Kitchen
Remodeling Magazine’s 2019 “Cost vs. Value Report” states homeowners can recoup about 80% of the cost of a minor kitchen remodel. So, while a gourmet kitchen would be nice, it isn’t necessary from an investment standpoint.
Moderate updates, such as replacing outdated appliances or cabinets, are great ways to makeover a kitchen. And even small adjustments like changing out old hardware or faucets can add up in a big way.
Bathroom
If you have bigger underlying issues like mold or water damage, you should consider a complete bathroom remodel. Homes with these types of structural problems likely will not pass a home inspection and you will likely end up paying for the repairs – now or later.
In the absence of these types of major issues, your bathroom does not need to be completely gutted to add value to your home. Dated materials or fixtures can make a big difference with first impressions and resale values.
A recent National Association of Home Builders survey of homebuyers revealed that 63% preferred a white toilet, tub and sink.
Curb appeal
First impressions are key for selling your home quickly and for the right price. A fresh and inviting look can be easily achieved with a well-maintained landscape. Mature trees that are trimmed and freshly cut grass can draw prospective buyers to a home.
Beyond the landscaping, installing new hardware, doors and windows can greatly enhance your home’s exterior appearance. If you have panels that are loose, rotted, warped, cracked or molded, it’s time to replace them.
Interior paint
A fresh coat of paint with a personalized or bold hue is a good choice, but only if you’re not looking to sell your home soon. If you’re putting your home on the market, neutral colors are ideal.
The color of your walls is only a small part of your home, but it can influence a potential homebuyer greatly. When buyers walk through a home, they often visualize what it would be like to live in the home, so it’s best to use paint colors that won’t distract them.
Roof
Replacing the roof is another big-ticket home improvement – but one that will add significant value to your home. Remodeling Magazine estimates homeowners can recoup about 68% of the cost of an asphalt shingle roof replacement and 61% of the cost of a metal roof replacement.
There are many roofing options available for homeowners, from a variety of colors and textures to longer warranties and enhanced energy efficiency.
Ready to update your home? To find a professional remodeler in the tri-state area, visit the Home Builders Association of Greater Chattanooga at www.HBAGC.net.