When it comes time to sell their home, many people look around and realize that it looks a little shabby. In fact, if you have lived there for a considerable time, it may also be significantly out of date. While embarking on intensive home renovations isn't high on anyone's list of leisure activities, it can really pay off in attracting buyers. However, not all home improvements will result in a higher selling price. Before you pick up a hammer, make sure your project is one that will actually pay for itself.
Believe it or not, installing new siding on the exterior of a home is one of the home improvement projects that pays for itself almost immediately. In fact, the project can recoup up to 92.8 percent of the cost to install it. If your siding is outdated or damaged, replace it to instantly up your home's value and your curb appeal. In addition, homes with shabby wood, stucco or other exterior finishes can be instantly transformed by installing new siding.
While many home owners hesitate to replace their windows due to the expense, doing so can help you sell your home quickly. Old wooden windows are often hard to open or have areas of wood rot. Newer vinyl windows not only operate better, they give the interior and the exterior of the home an instant facelift. While you won't recoup the entire cost of new kitchen windows, you can expect to get around 80 percent of it.
Renovating an outdated kitchen is also a great way to boost resale value. However, don't go overboard with high-end materials. Instead of tearing out the room and starting over, focus on the highly visible things. like new counter tops and sink faucets. If you have the budget, replacing the appliances with stainless steel will also be an improvement. Remember, you don't have to buy top-of-the-line appliances.
Minor bathroom renovations can also help you sell your home. Focus on replacing showers and tubs as well as counter tops and all faucets and fixtures. Try to pick one large project, such as replacing the tub, rather than multiple large projects like replacing the tub and the flooring.
While getting a high price when selling your home is never guaranteed, there are some things that you can do to improve your odds. Just use restraint when tackling home renovations so that you improve the home and avoid unwise investments. Work renovating professionals, like Renovations Of Excellence Kitchen Renovations, to get a professional and streamlined remodel.Share