Planning to sell your property in a few years? To help you clinch a deal, take time to read about these cost-effective home improvements that can add more value to your house. While not all projects add significant value to your home, it is important to try to invest in improvements that will pay off.
Aside from the satisfaction that completing a project gives to a homeowner, it can also feature benefits, like being more energy-efficient, adding more equity to your home, or lowering maintenance requirements.
Here are 6 helpful and smart fixes that won’t cost a lot but will surely increase the value of your home.
1. Front Door Replacement
It’s out with the old and in with the new! Your front door can be out-dated and worn out over time. Sure it has served its purpose for years and so a little upgrade wouldn’t hurt. Replacing your old front door with a new steel door and adding an awning plus a working doorbell adds to both the look and functionality of your home, potentially increasing your heating/cooling efficiency, as well as added security. Transforming your home with low-cost exterior upgrades like these would give it a modern look and feel.
2. Add a Deck or a Patio
Having outdoor living spaces create a sense of flow. Decks and patios are becoming a trend and buyers find it desirable especially when they’re thinking of having a staycation. The cost of adding a deck to your home may vary, depending on the materials to be used and its design. To cut off a huge chunk of this cost, you may opt to do the work yourself. Afterall, some homeowners claim that they recoup around 70-90% of their investment by adding a deck.
3. Brand New Siding
Not getting the sidings done may cost you up to 10% loss of your property’s value. Investing to have the siding replaced with trendy and durable sidings would sure go a long way because again, exterior upgrades can be appealing to buyers. Different types of sidings that suit your taste are now available like Vinyl siding or Fiber-cement siding.
If you want something that is low-maintenance, durable and easy to install yet not too costly, then Vinyl sidings would be a perfect material to use. Studies have shown that vinyl sidings could recoup more than 80% of what you invested once your house is sold.
4. Reinvent spaces and make a bedroom
Without adding more square footage to your home, remodelling and reinventing the existing space in your attic to become a bedroom could save you a lot of money. Versatile rooms like attics, basements or even garages can sometimes be better utilized to appeal to potential buyers. Even something as simple as taking a design that is a small home office to you, and calling it a bedroom when you go to sell, can add value and demand for your home.
5. Kitchen Remodelling
A growing number of people would consider their kitchen as the heart of their homes and it should therefore be essential to do some kitchen upgrades and remodelling. Although you can expect a more than 60% recoup of your investment, anticipate that updating your kitchen with new flooring, countertops, fresh eco-friendly paints and energy-efficient appliances can be quite costly. But an updated kitchen will go a long way especially with the energy-saving and eco-friendly features, which potential buyers may find helpful in terms of saving some money. Remodeling this room might not get you a net gain in your pocketbook, but it’s sure to get more people’s attention, which means more people will be looking at your home and can lead to a quicker sale, or hopefully a bidding war!
6. Replace your Garage Door
If you plan on selling your home in a few years, add value to it by investing on a bankable garage door. Return of investment for a garage door replacement project can be around 90%. Modern and high-end garage doors come in different styles with functional details and features that would appeal to potential buyers.
A variety of materials such as glass, wood, aluminium and steel are available to suit the updated look that you want for your home making it sleek and stylish altogether.
Roper Insurance Services help consumers save money and preserve financial future by providing excellent services tailored for your specific needs. Visit us today or give us a call at (828) 697-6709. You may also get a free quote from us here.