If you want to focus your renovation on areas that can deliver the biggest return on your investment, follow this home renovation checklist. We’re highlighting some of the top improvements you can make that will maximize your return when you sell your home.
One of the best and most common home improvements is a bathroom remodel – and for good reason. Bathroom remodels typically result in a 100% or more return on investment. But they have to be done right.
Don’t get caught up with the bells and whistles. Basics will actually get you the biggest bang for your buck. A few examples are a new bathtub (or a re-glaze), fresh caulk, and an updated bathroom vanity. Don’t splurge on expensive light fixtures or mirrors. If the new buyers don’t like the style, they will just end up replacing them anyways.
Add a bathroom remodel to your home renovation checklist and get an ROI that you can count on.
A high end kitchen can catch a buyer’s eye which is why a kitchen remodel is another top home improvement. But you don’t have to spend a fortune to design a kitchen fit for the magazines.
By purchasing wholesale cabinets, DIYing where you can, and focusing on affordable, durable materials you can create the look of a high end kitchen without the high costs.
For example, ready-to-assemble wholesale cabinets are significantly less expensive than pre-assembled store bought varieties but offer the same quality, construction and look.
Since first impressions are everything, homes with curb appeal tend to sell faster than those with a lackluster front yard. And like bathrooms, landscaping typically has a 100% return on investment.
There’s a lot of things you can do to increase your home’s curb appeal but greenery is a great place to start. You can purchase sod plugs to lay out your lawn and a mix of plants to add color and dimension. If you don’t have a green thumb, that’s okay. Many home improvement stores and garden centers will offer their designs services for free with your purchase.
You should also consider adding a “wow factor” or focal point to your front yard. Depending on the space and design, that could be a stone walkway to your front door or simply hanging a swing on a large tree.
Adding an Extra Bedroom or TV Room
In most locations, turning your 2/2 into a 3/2 can increase the value of your home. If you have a large attic or an oversized basement, consider converting this glorified storage space into an extra bedroom or TV room.
Depending on your budget and the layout of your home, you may even be able to add another full or half bathroom to the property. But take caution when tackling a project like this. Not only can the costs add up but you will need permits if making any updates to plumbing or electricity.