Thinking of selling your home? Or maybe you have some extra time on your hands? Consider how a little TLC could add value to your home. Check out four home improvements that pay you back for your investment.
Possible Return Of Investment: 60% -120%
TIP: Opt for more traditional styles for the cabinets, appliances, and countertops.
Bathroom Addition or Remodel
Possible Return Of Investment: 80% - 130%
TIP: Opt for a walk-in shower over a bathtub.
More Space - Bonus Room
Possible Return Of Investment: 50% - 83%
TIP: According to a study by the National Association of Realtors, the sales price of a home increases by more than 30 percent with every 1,000 square feet added. However, a room addition can be an expensive project- so watch your spending!
Possible Return Of Investment: 65% - 90%
TIP: Don’t neglect the outside of your home! Backyards can add value in a lot of ways – think patios, pools, athletic courts and gardens. One thing to remember when remodeling is not to go overboard. Try to be consistent in matching the style and quality to the rest of your house (and even neighborhood!) Don’t have the time or money for remodels or additions? No worries! There are smaller, simpler projects that could add value to your home.
- Basic Repairs
- Fresh Paint Job
- New flooring
- Small bathroom enhancements
- Upgrading lights and technology
Home improvement adds more than just financial value to your home—it also improves your living space. For some people, that’s one of the most important aspects of home remodeling. So whether you are planning to sell soon, or in a couple of years, make sure to enjoy your improvements and be ready for the pay off!
Photos provided by Lennar