Home Improvement Projects That Are Worth It

Raise That Resale Value –
Home Improvement Projects That Are Worth It

You might not have any plans to sell your home anytime soon, or maybe you are thinking about putting it on the market. Whichever end of the spectrum you fall on, adding resale value to your home is an investment worth making. Think about it. You made an investment into your home, so wouldn’t it be nice to make a profit when the day comes that you do want to sell it? If you are nodding your head in agreement, read on to discover some of the best ways to raise that sale price.

 

Start at the Top

When you are looking for ways to raise the resale value of your home, don’t forget to look up. Your roof protects your home from the elements, so to say it is important is an understatement. According to Remodeling Magazine, an investment in a new roof can up your resale value by as much as $12,000, and recoup about 60 percent of your initial investment. Plus, a dilapidated roof that is prone to leaking will be an immediate red flag for potential buyers, and you might find that after the inspector makes his rounds, you will be required to make the necessary repairs/replacement regardless. However, the bottom line is that a new roof will require a sizable chunk of change, so make sure you don’t fall victim to a roofing scam that will deplete your home improvement funds and leave you with nothing to show for it.

Update the Existing, But Add a Room

The two most scrutinized areas of the home are the kitchen and bathroom, which makes sense considering how much time you spend in them. Don’t let an outdated home affect your asking price, but don’t go overboard either. Make commonsense improvements such as finally getting rid of the mustard-yellow bathroom tile or splurging on granite countertops. Consider switching out the current hardware for something a little more sleek and polished, and add pops of color where possible. It’s a good idea to give what’s already there a makeover, but you might also add another room whether it is a bathroom, bedroom, or sitting room. Two bathrooms are better than one, and a spare bedroom can serve several purposes such as an office, hobby room, playroom, or nursery.

Make the Outside Match the Inside

Improving the inside of your home is great, but don’t forget about the outside. How many times have you heard someone say that first impressions matter? Well, this same concept applies to your home too, and the exterior is the first thing buyers will see. Shoddy landscaping, weathered siding, and an uninviting entrance are the opposite of welcoming. Give the outside of your home some love by adding some flowers and potted plants, pulling weeds, and keeping on top of basic yard maintenance such as mowing, watering, and raking. Treat your home to a new paint job or replace the siding altogether. Even something as simple as a new door color, painted shutters, or a new mailbox can do a lot for your exterior. While you are at it, go ahead and give your driveway a good power wash and make sure your home is well-lit to showcase all your hard work.

Adding value to your home is a smart move money-wise, and you’ll be happy you did it when it comes time to sell. Take on larger projects first, such as a new roof or room additions. The smaller improvements can be spread out over time as funds become available, or completed over the course of several weekends. Your home is an investment in both the present and the future, so make it count.