While there are many things one can do to make their home appealing, very few of them actually add value to the home that will effect the selling price of it. Even if the improvement was an expensive one such as a new roof or replacing all the pipes. Since these items are already built into the homes value they offer very little increase in the value of the home. These types of improvements are certainly a way to upsell the home but may only increase the value by a small margin. There are, however, some home remodeling improvements that have larger returns and if you have the money, could be a worthwhile investment. Even if you plan to keep the home and use it as a rental property, these home remodeling ideas can help you get, and keep it rented. It may even help to attract the right kind of renters for your property.
Home Remodeling Ideas to Consider
1: Did you know that a new front door adds, on average, 96.6% of the amount you spent on it to the value of your home? This makes it one of the top-rated home improvements you can do yourself. It needs to be the right door, though, so pick one that matches the aesthetics of your home. Talk to a professional at your hardware store and pick the right one for your home.
2: Adding a wooden deck or patio area to your home costs an average of $9,500, but adds a good 87% of that to your home’s value. In addition to recouping the financial cost of building it, having a deck makes the house a lot more desirable and therefore more likely to sell or rent. Barbequing on the patio with friends and family is part of the American dream, after all, and having that patio added to your home helps people realize that dream. As such, they’re more likely to want your house.
3: If you have extra space in your home, like an attic, consider converting it into a bedroom. This doesn’t require you to build an addition to the home and adds more value than you would spend if you did. It takes some work, but attic bedrooms can be super cozy and add a lot of value to your home.
4: Replacing your old garage door helps your home’s curb appeal, which is a critical and often-used term in real estate. Not only does it look new and fresh, but potential buyers don’t have to worry about problems with the garage door that can often come up with age and use. Replacing the garage door will usually run you about $1,500 and adds about 83% of that value to your home.
5: In order to replace 1,250 square feet of siding, trim included, runs an average cost of $11,400. This sounds pricey, but when you consider that it will return 78% of that to the value of your home and will have an enormous impact on your home’s curb appeal, it’s more than worth the cost.