Are you looking to improve your home but wondering what renovations will give you the biggest bang for the buck?
Whether you are selling your home, just bought a home or want to improve your home’s value, it is important to understand which improvements have the best return for the money spent.
Large and expensive improvements such as adding a bath room or a total kitchen renovation are great ways to boost a home’s value. But they do come with a very high price tag.
Something as easy as improving your landscaping will boost your curb appeal and have an instant effect on your home’s value.
The nice thing about improving your landscaping that you can do it yourself. It just takes time, money and sweat to make a huge difference.
Replacing your roof has a huge impact on the value of your home. If you are selling a home and the roof needs replacing, many buyers will not consider your home.
Even if you lower the price or offer an allowance for the roof, most of today’s home buyers expect the roof to be in good shape. The buyers that will consider a home that needs the roof replaced will expect a substantial discount.
Often they expect you to drop the price more than it would cost to replace the roof!
If your flooring is dated or needs replacing, here are a few reasons why you may want to upgrade to hardwood flooring.
Hardwood flooring looks better and impresses home buyers more than almost any other type of flooring. While it is not the right choice for the kitchen or the bathrooms, when buyers walk in a home and see shiny hardwood floors, the impact is substantial.
And when I say substantial, that is substantial money in your pocket!
Hardwood flooring comes in many different colors and grains so it can match any decor. Hardwood flooring gives a warm feeling to and add a natural element to any room.
Hardwood is easier to keep clean than carpet. Plus hardwood flooring lasts longer than carpet. The final advantage of hardwood is it will not bother anyone with allergies.
Adding a Deck or Patio
Outdoor living spaces such as a deck or patio can make a huge difference in a home’s value as well as in how much you enjoy your home. A patio or deck can be like adding another living room for entertaining.
Combining a deck or patio with landscaping can make a huge difference. Some home owners may be able to build a deck or add a patio to make this a cost effective upgrade.
We added a larger deck to both the front and rear of our home and it has really added to how much time we spend outside. While I could have done the work myself, I found the added cost of having someone else do it within my budget.
The Take Away
I have listed a few ways to renovate your home. Some renovations or upgrades will help your home’s value and some could be wasted money.
You have to consider the price of your home and what is typical for homes such as yours.
Before you spend any money on making improvements to your home, I suggest you contact a local Realtor to discuss potential home improvements.
You will find that painting, cleaning and decluttering your home will give you the biggest bang for the buck if you are selling. When it comes to projects that require you to spend more money, the improvements I discussed are the ones that home buyers love!