Home renovations are a great way to keep you satisfied with your current home. As the years go on, styles and design change, and improvements are a great way to keep up with the changes. But, most renovations end up costing much more than they are worth.
We base that off the increase in the amount of money you will be able to sell your home for after renovations are complete. That doesn’t mean you shouldn’t renovate your house if you are looking for a change but know that you likely won’t get your money’s
worth when it comes time to sell.
These five renovations do, however, almost always gives you a close to even return on investment.
New Front Door – Curb appeal goes a long way. The front door of your home is the first thing someone sees as they walk into your house so that it can make the last impression. Front doors
are easy to replace, decorate and paint, all to amp of the curb appeal.
Adding a Back Deck – Homeowners always love space for entertaining, especially outdoors when the weather is nice. Wooden back decks are a relatively
affordable and desirable addition to your home. That could be the feature that wins a buyer over in the future.
New Siding – New siding is a facelift for homes. It’s not the most common renovation, but it can make your old house look more recently built – something home buyers are always looking
for. It increases the overall value of your home, therefore recouping almost all of the costs to install.
Bathroom Remodel – Replacing a toilet, adding a new tile, grout, and paint, and investing in a nice shower head or bathtub can do wonders for your bathroom. This is especially true if
it’s the master bath.
A New Roof – A new roof is not the most glamorous renovation, which is a reason why it makes it worth its value. Homeowners don’t want to replace their roof. They want a home with a roof
that will last them for the next ten years. So, by replacing your roof a few years before you sell your home will up the resell value and allow you to add “new roof” to your listing description.