Home Renovations Effect on Resale

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The question on every homeowner’s mind when they start the renovation process on their house is – will I get my money back when the if I sell my house? It all depends on what you do and how you do it. Well, that’s as clear as mud!

It is true. If you spend a lot of money on a renovation and it is not timeless in style, then you will not get your money back. Most buyers are looking for something that they can make their own. You want to choose simple embellishments and neutral colors for your buyer to make a massive offer on your house.

The top renovations that guarantee that you will see a return are:

  • Garage Door Replacement

Do you have an old wooden garage door that has become an eyesore? Do you have to open that heavy door each day manually? It’s time for you to replace that monstrosity with a more modern looking garage door. Not to mention, when you do, you will be increasing your resale value by 98%.

  • Entry Door Replacement

Update that old front door to something eye-catching. Perhaps an entry door that makes a statement will look great on your house. Check into various options that go well with your landscape and exterior paint color. You will have all of the potential buyers stopping at your home to walk through the front door.

  • Deck Addition (Wood)

Imagine sitting on the deck, in the backyard, sipping on some lemonade while the sun sets. Dreamy, huh? Just the addition of a wooden deck in your yard can up the value on your home sale. It will allow your future buyers to experience pure bliss – right in their new backyard.

  • Minor Kitchen Remodel

When you think about remodeling your kitchen, you get an instant headache. However, what if you make a few tweaks and you are guaranteed to increase the value? If you complete a minor overhaul by changing out some appliances, replacing the countertops and cabinet pulls, you are looking to get the most bang for your buck. Making some inexpensive changes can get you exactly what you are looking for.

  • Family Room Addition

So, you’ve been thinking about adding that new living room or play area for the kids? Good news…just by creating this new space will allow you to reap many benefits. The resale value of your home will increase by approximately 78%. You will get more than three-quarters of your investment back. Now, who can turn that down?

  • Siding Replacement

Is the siding on the exterior of your home peeling or deteriorating? It may be time to replace the outside barrier of your house. Not only will this increase the value of your home, but it will also give it a makeover as well.

Making a few small improvements to your existing dwelling can significantly allow for a return on investment. Most times, you can spend a little bit of money and then you will see great profits when the time comes to put your house on the market.

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