Making Financially Smart Home Improvements

Wondering which renovations will give you the best return on investment? There are many ways you can upgrade that will give you the most bang for your buck. When considering which projects to tackle in your home, take these into consideration!

Renovations with Highest Return on Investment

• Kitchens and bathrooms. Many people buying a house look first at kitchens and baths, and renovations to these areas are more likely to pay for themselves. Skip expensive upgrades such as marble countertops or high-end appliances – instead, make cost-effective enhancements using reputable brands if you need to replace anything. Updating your cabinetry hardware and / or painting cabinets is also a low-cost option for gaining a contemporary look in your kitchen and bathroom.
• Adding rooms, such as a family room or master suite, also tend to fare well at resale time: bigger homes usually command higher prices.
• A coat of new paint throughout can give your home’s interior a fresh and updated look.
• Remember to give your home curb appeal. The exterior is the first thing people see. Make sure your lawn, trees, bushes and garden beds are well-trimmed and edged. Painting your front door can also have a big impact – according to Zillow, homes with gray or black front doors sold for a $6,271 premium.
• Make sure your roof, eaves and gutters are also in prime shape – most buyers do not want those types of potential complications. Refurbishing and/or expanding an existing deck or patio can also be a good investment, and is often a wiser money move than building a brand-new one.

Renovation with Lowest Return on Investment

Tammy Zurfluh, NMLS#476483