If you’re looking for improvements your home, of course you have to consider several things.
First of all, will these improvements satisfy and fulfill a need? It’s important that you answer it truthfully because home improvements are generally expensive so at least make sure you are aware of your needs. In addition, will you be able to afford it? There are a lot of home improvement ideas, some affordable and some are expensive. The good thing is depending on your need, there’s usually an affordable and more expensive option.
The factors listed above are for the present. As a homeowner, you also have to consider the future. In this case, you have to consider how this improvement is going to help you in the future.
If you want to sell your home but the time is not right, take the time to improve your home. The time you spend waiting to sell can be used to make any improvements or repairs to your home that not only increase your comfort but will also increase the sale value when the time is right.
It’s not just about making sure that this investment will last a very long time. Hiring a reliable contractor can help make sure of that. You also have to consider how it’s going to affect your home’s resale value. This is true even if you’re not really planning on selling your home. Who knows what the future holds?
When renovating a home to sell, focus on visible improvements first. Upgrading the furnace or installing heated floors is all well and good, but if the roof leaks buyers will be turned away. You have a much better chance of getting a return on your investment by making sure the exterior siding or interior paint looks good first.
If you’re going to invest in a home improvement project, at least make sure that it will help increase your home’s resale value. This way, you’ll be able to recoup a good part of your investment when you do decide to sell your home later on.
The Best Home Improvement Ideas
Here are the best home improvement ideas that not only satisfy and fulfill a specific need but also help increase your home’s resale value:
- Garage door replacement
This is actually something that you can do right now because it’s very affordable. On average, it will just cost you $1,595 to have a better looking (and functioning) garage door. It will increase your home’s resale value by $1,410 so that’s an investment well spent.
- Vinyl siding replacement
Curb appeal matters when it comes to determining a home’s resale value and vinyl is king when it comes to siding. Spend $12,013 on vinyl siding replacement and based on the national average, you can expect to recoup 80.7% of your investment when you sell your home later on.
- Wooden deck addition
A wooden deck is not only beautiful; it’s highly functional as well. This is why it’s not a surprise that it improves the home’s resale value by $8,085. Not bad for a $10,048 investment.
- Minor kitchen remodel
The kitchen usually makes or breaks a deal so make sure that you’ll have a kitchen that prospective buyers would love. Homeowners spend $19,226 on average for a minor kitchen remodel but they’re able to recoup 79.3% of their investment because buyers are generally willing to pay $15,255 more because of the remodeled kitchen. Here’s a REALLY minor kitchen remodel that yielded major results!
Check out this infographic by Contractor Quotes to learn other home improvement ideas that can improve your home and increase its resale value.