I’ve included some general suggestions for renovations that have been proven to gain equity and higher resale value, but deciding what’s right for you depends on many factors. Feel free to reach out to me with any questions. I’m happy to be a resource in making the best choice for your home and situation.
1. New entry doors increase curb appeal, make the best first impression on buyers, and are proven to recoup anywhere from 69-91% at resale. If you are staying in your home, they will save you money on energy efficiency and increase your home’s value as well.
2. Add curb appeal and make your neighbors happy by focusing on improvements to your landscaping, walkways, driveway, and porch. Adding manufactured stone veneer to the bottom of your home’s exterior increases appeal and is easily recovered in a sale.
3. A minor kitchen/bath remodel is another great way to boost value in your home, as long as you don’t go overboard if you are selling. For resale, focus on improvements in aesthetics, replacing outdated appliances, and improving functionality. When it comes to high-end finishes and appliance upgrades, save those for when you are staying in the home for a longer period of time since you will most likely not recoup the extra money in a sale. Reach out to me if you are thnking of selling and we can discuss what changes will make the most sense.
4. Energy-efficient windows are a money-saver in the long term and increase your comfort in your home. They are also a great way to increase the odds that you will sell quickly and for a higher price.
5. New or refinished hardwood floors increase the “wow factor” when selling and bring long-term value and equity to a home you live in. Recent NAR statistics estimate that you can recover 100% or more of what you spend to replace or refinish flooring.
6. A new garage door does wonders for the look of your home and buyers love it, too! It practically pays for itself, recouping about 95% of your costs when you sell.
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