As homeowners, much of our time is consumed in work, family, friends etc. Often times, it is not ideal to be spending your free time on home improvements. However, it is important to remember that a home is an investment…Take a look at how beneficial certain improvements can be in the long run.
1. Remodeling the Kitchen (60% - 120% ROI)
A great kitchen is something both home owner’s and home buyers adore, and although styles differ from person to person…upgraded appliances and up to date colors/ fixtures are sure to add to both your own happiness as an owner as well as the interest of potential buyers. As long as the kitchen fits in with the style and price point of the rest of the house, and does not go overboard, then it is sure to add positive return value on your home.
2. Bathroom Addition (80% - 130% ROI)
Homes that only have one bathroom, are not always a let-down to home buyers, and for certain home owners it may be just enough. However, if given the opportunity to add another bathroom, it will definitely come with a price increase when you turn around and sell the home. In the eyes of the majority of buyers, adding another bathroom will add great value, whether a full or even just a half.
3. Adding Square Footage (50% - 83% ROI)
Is your home tiny? Could it use that third bedroom or office? Consider the possibility of adding that extra square footage. It may seem to be a pricey endeavor at first, but overall it will increase the amount that home buyers are getting. It may also provide that extra bedroom or office that buyers desire.
4. Deck Addition (65% - 90% ROI)
A deck can add immense value to your home. Potential buyers who step onto a deck leading out to a great backyard, will be able to picture themselves enjoying their space, without having to spend the time and money. It will be one less thing on their to-do list as buyers and will allow them to really picture themselves there.