Home Improvement Projects With the Best ROI
If you’d like to update your house but aren’t sure where to begin, it can help to look at it from a buyer’s perspective. If it’s possible you’ll sell your home within the next 5-10 years, it’s important to choose projects with a solid return on investment. Read on to learn how to get the most bang for your home improvement buck.
Updating the Bathroom
This is a big one for buyers, so it’s one of the easiest ways to add value to your home without breaking the bank. According to research from Zillow, spending a conservative $3,000 to update the toilet, sinks, light fixtures and flooring will increase your home value by $1.71 for every dollar you spend.
Insulating the Attic
Though far less sexy than a brand new bathroom remodel, industry research by Remodeling Magazine shows that adding fiberglass insulation to the attic for about $1,200 will have a 116% return if you decide to sell in the future.
Replacing the Garage Door
This is an area many homeowners overlook, but a new garage door can add serious curb appeal to your property. Even if you’d rather not shell out the thousand dollars or so to replace the door, a new coat of paint or stain can work wonders for curb appeal and earn you a near-100% return.
Adding or Updating Siding
It’s true, new siding – whether vinyl or engineered – is a big investment. But for a homeowner willing to shell out about $14,000, it can dramatically increase home value. Remodeling Magazine estimates new siding adds at least $10,000 to your future sale price.
Whatever home improvement projects you may be embarking on, take the time to understand their long-term impact on your home’s value in order to protect this important investment.
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