Thursday, June 11, 2020

How to Get the Highest Return on Investment on Your Home Remodel


Remodeling your home is a smart move if you want to ensure a higher resale price. So many of the benefits of owning a home come when it's time to leave it; the financial gain and equity that you can build in a home can add a ton of value to your financial portfolio. 

If you have recognized that your house is going to need a bit of work before it heads to the market, it's time to start remodeling. If you're like many people, you might be questioning how you can make sure that you don't waste your money when it comes to the remodeling process. 

Don't worry -- here's a handful of our best tips for getting a great return on investment in your home remodel.

Take care of the big issues first


Structural and functional issues with your home will make it instantly unattractive to potential buyers. Bite the bullet and get the large and expensive projects out of the way. If your roof is damaged or leaky, hire a roofer. You don't want to risk trying to tackle projects that you are unfamiliar with on your own and risk damaging your house further.


Focus on aesthetics


Beyond the functional issues that need to be taken care of, the next area of focus should be how your home looks. Some projects are of course more time consuming and expensive than others. 
One of the least expensive and most beneficial projects that you can tackle is landscaping. 



Trimming overgrown shrubs and maintaining a neat and orderly lawn can add major curb appeal to your home. Your home's exterior is its first impression, so make sure that you spend some time improving it.

Replace the siding


Replacing siding is relatively cheap and easy and adds a ton of quick value to your home. Don't want to replace it altogether? Spend an afternoon power washing. This will make it look brand new without the need to reach for your tool belt.


Add outdoor elements


Adding a deck can make your home instantly more appealing to potential buyers. While it's certainly more expensive than other projects on the list, it's fairly reasonable when you consider the massive value that it can add to your home. Most buyers are eager to have an outdoor space to entertain.


Minor Kitchen Upgrades


Even just replacing cabinet doors and fixtures can drastically change the look and feel of your kitchen. You don’t have to spend a lot to get kitchen cabinets that will increase your home’s value and the quality of your kitchen.

Make the most of your remodel projects, and follow the above tips for getting the highest return on your investments.






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