Whether you’re getting ready to sell your house or just want to spend your renovation budget wisely, check out the home improvements that’ll reap the highest return on your investment.
Interior Home Improvements
Two of the most common items on searching home buyers’ wish lists are updated kitchens and bathrooms, which is great news for you, since they consistently bring in the highest returns of any interior remodeling projects. Keep in mind, the overall return on your investment will depend on how much you put into your remodels and how much you spend on particular upgrades.
Potential ROI: 60% – 98%
Simple improvements like a fresh coat of paint, updating the appliances, and replacing old countertops with a mid-range surface can go a long way in boosting your home’s resale value. For a more extensive and luxurious feel, replace faucets and fixtures with higher-end materials and finishes, install a farmhouse sink, and splurge on granite or marble countertops.
Potential ROI: 90% – 102%
Replace the following for a totally fresh but financially wise bathroom remodel:
- Vanity and sink(s)
- Shower doors
Repair any damage to walls and doors, take down old wallpaper, and brighten the whole room with a fresh coat of paint for the final touches.
Potential ROI: 70% – 90%
Who wants to move into a new home and have to worry about an unfinished basement? Instantly add to the value of your home by finishing the basement to create a comfortable, functional space that doesn’t give people the creeps! You’ll love having the space to use as a playroom, home theatre, or simply more storage.
Exterior Home Improvements
Siding & Roofing
Potential ROI: 60% – 84%
Replacing siding and gutters will also cut back home maintenance issues and unsightly wear and tear on the exterior of your home. In general, your roof will probably need replacing every 15-20 years. A damaged, dirty, aging roof not only reduces your home’s visual appeal, but it can lead to expensive water damage and mold growth.
Boost your curb appeal and your resale value by replacing your siding and roof as recommended by a professional consultant.
Potential ROI: 80% – 90%
Imagine spending relaxing evenings in a porch swing or starting your day off on the deck with a cup of joe and a morning breeze. On the flip side, imagine how daunting fixing up worn out porch railings or rickety stairs would be to potential buyers. Porches and decks can be a huge selling point or a major turn off depending on their condition. Get the most out of your outdoor space and boost the value of your home by adding a new deck or redesigning an old one.
Potential ROI: 64% – 81%
You’ll be pleasantly surprised by how much basic curb appeal affects the resale value of your home. The good news: boosting curb appeal is often simple, affordable, and quick. Repainting old garage doors or installing new ones can refresh the entire exterior of your home while dated doors can ruin curb appeal.
Whatever project you decide to take on, make sure you hire the right professionals for the job to get the most out of your investment. Turner Remodeling was recently rated one of the best remodelers in the country. Check out our bathroom, kitchen, and additional remodeling services here, or contact us today for a consultation!