Getting the Best Possible Return on Home Improvement Projects
Home improvement projects can really boost the value of a home. Rather than selling a property as-is, some sellers are investing in home improvement before they sell to get the biggest possible profit. The better a home looks, the more buyers will compete to try to purchase it. This means better offers being made on the home. If you have plans to sell your home and you are looking for improvements that will bring you returns, here’s a list of the things you should consider.
Don't forget about the basics
You should never overlook the power of basic home improvement. If your roof is leaking, no one is going to be excited to make an offer on the home, even if your kitchen is glamorous. People who are interested in your property will assume that the kitchen and bathroom sinks are working, the roof doesn’t leak, and the air conditioning and heater function well. So, your money is better spent on improving the basic functions of your home than trying to make things look top of the line. If you will put your money in the basics, you can get as much as 92.8% of the cost as a return.
A minor kitchen remodel is fine
You don’t have to spend large amounts of money on remodeling your kitchen. Focus on small projects that you can afford like replacing cabinets or flooring. Spending as much as $15,000 for a kitchen remodel is enough to give you a return of 92-182% during a resale. The kitchen is one of the areas of a home where someone can tell if the money is spent well or not. Make the most out of your budget if you want a higher value for your property.
Roofing and window replacement
No one wants to buy a house with roofing issues or low-quality windows. To earn more during a home sale, don’t forget about roofing and window replacements as they make up the most valued home improvements. If you have the budget to replace your roof and windows with more durable materials, don’t hesitate to put your money into it. The safer the house looks, the more it will be worth.
Turning an empty space into a bedroom or bathroom
An additional bedroom or bathroom may sound expensive, but the truth is, you can save and earn more money by turning an empty space into a useful room. Bathrooms and bedrooms are what make a home more valuable, aside from the kitchen. The more of these rooms you have in your home, the higher the price you can get when you sell the house. Home remodeling and renovations might seem daunting to you, especially if this is your first time selling your home. You may need a professional to help you increase the value of your property before you put it up for sale. If you are located in southern California, JAM Properties, LLC can help you with your real estate needs.
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