As you may already be aware, some remodels have better returns on investments than others. However, that doesn’t mean you should only concern yourself with the projects that will get you the biggest bang for your buck. Certain remodeling projects yield decent ROIs, but will make a house much more attractive to prospective home buyers.
The key is to find a balance. If you’re looking to fix up your house to increase its value and need to get a great ROI on your project, consider doing one of these excellent projects.
Replacing a Front Door.
Believe it or not, a new front door is one of the best remodeling projects you can do, since it provides a whopping 97.2% return on investment. Not only that, but it’s also one of the cheapest projects you can do, makes your home more energy efficient, and boosts curb appeal.
Redoing the Kitchen.
Although you can only expect a return of 66% on the cost of remodeling a kitchen, it’s still one of the best remodels you can do, since it’s often the first thing that home buyers look at and for. Keeping this in mind, it’s best to minor kitchen remodels — facelifts if you will. You don’t want to go too overboard with it if you’re just looking to sell your home.
Fixing Up the Bathroom.
Kitchen and bath renovations are alike in a lot of ways, but also different. Just like the kitchen, prospective buyers are keenly interested in the bathroom, and so bathroom remodels are also important. However, they often require a lot of work and thought, unlike kitchens which may only need a facelift as previously mentioned. If done right, though, you can expect a 62% return on the cost of remodeling a bathroom.
Roof, kitchen and bathroom remodeling all provide an excellent return on investment, and are great ways to increase the value of your property. If you have any questions about these projects, please feel free to ask in the comments. References.
