Best and Worst Home Improvements for Your Money

Best and Worst Home Improvements for Your Money

Supplies and equipment for the best and worst home improvements for your money
There’s a thin line between the best and worst home improvements for your money when it comes to remodeling projects. If you’re looking to sell your house soon, you have to be careful with this. Choosing which home improvements to make can determine whether you will make a profit or not. So, to figure out which home improvements come with a high ROI, you’ll have to study the current market and its trends. Additionally, you have to decide whether some improvements are really necessary or just tempting. Drawing a line between these goes a long way.

Best home improvements for your money

We’re here to talk about the best and worst home improvements for your money, so let’s start with the ones that will help you profit. There are so many things you can do to improve your home for sale, and all of them are tempting. However, not all of them are smart investments. So, let’s see which home improvements come with a high ROI.

Replace garage door

A garage door replacement might be the last thing on your list of home improvements. If this is the case, you need to change your priorities. Not only do garage doors serve a functional purpose, but they can also add a modern look to your exterior. Additionally, this is one of the first things potential buyers will see when visiting your home. So, make sure you catch their attention with a new and functional garage door.

 

Most modern doors are constructed of steel, foam-insulated, have seals, and are covered by a lifetime warranty. The average price of a garage door replacement is $3,695, and the return on investment is an unbelievable 94.5%. Since garages often serve as storage, the professionals from Four Winds KSA suggest investing in quality garage doors to maintain the temperature and humidity.

A bicycle parked in front of a garage doorCaption: Investing in a new garage door will go a long way with prospective buyers.

Consider adding manufactured stone veneers

Don’t worry if you don’t know what this is; many people don’t. A manufactured stone veneer is an artificial fabric that mimics the appearance of natural stone. That’s why it’s referred to as “fake stone”. It’s created from cement and aggregates and painted to appeal to potential buyers.

Stone veneers can be used in a variety of ways to give your home’s exterior a much-needed makeover. For example, replace a continuous band of your present vinyl siding with a manufactured stone veneer around the front. You can also continue this pattern along the entry archway.

Unfortunately, this home improvement is not cheap. It will cost you about $9,357, but there is a bright side! The expected (and proven) recoup is 95.6%.

Minor kitchen reno

The kitchen is one room in your home that should definitely be on your home improvement list. If done right, the kitchen can bring you the biggest profit when you decide to sell. However, you have to be careful here. Everybody has different design preferences. You don’t want to do something that will screen contemporary, boho, or traditional – find a golden middle.

 

So, what can you do to refresh your kitchen and not go overboard with the renovation? The main focus should be the counters and countertops, for sure. If they’re outdated or scratched, you’ll need to change them. This doesn’t mean buying new ones but simply giving them a fresh coat of paint. Choose a neutral color that goes with any style. Furthermore, a new backsplash can go a long way with potential buyers. Last but not least, updating your appliances is always a good idea. Oh, and don’t forget to repaint the walls.

Yes, kitchen remodels, whether they are major or minor, aren’t cheap. A minor kitchen reno will cost you about $23,000. However, this home improvement comes with an amazing ROI of 77.6%. Therefore, it’s definitely worth investing in. After all, the kitchen is often the selling point.

Oh, and don’t forget to protect all your belongings while doing a kitchen renovation. We suggest that you store your belongings during remodeling, aka put them away for safety reasons. This way, you won’t have to worry about any damages or disasters.

A beautiful kitchenCaption: One of the home improvement projects with the highest ROI is definitely kitchen renovation.

Worst home improvements for your money

We covered the best home improvements for your money. Now let’s see what some of the worst ones are. Of course, real estate trends are constantly changing, and you need to have them in mind when making this kind of decision.

Major bathroom remodel 

Bathroom remodels are one of the most popular home improvements of all time. However, you have to be careful with this kind of project. If you do it right, this can lead you to the highest ROI. However, if you cross the line, it’s only going to be a substantial financial burden.

 

Unfortunately, it’s so easy to go overboard with bathroom remodeling. A shower upgrade can turn into a completely new tub with jets. Additionally, a perfectly fine toilet easily gets replaced with a dual-action toilet. Regardless of how beautiful these improvements may be, the final product won’t lead you to a profit. That’s why you have to dial it down and only make necessary improvements.

A renovated bathroomCaption: Besides the kitchen, the bathroom is also a home improvement that can lead you to profit if done right.

Building a master suite addition

Master suite addition of any kind is a costly project that won’t have the result you’re hoping for. This kind of home improvement may be good if you want to create a sanctuary for yourself and your loved one. However, this isn’t something prospective buyers want. Even a simple upgrade will cost you at least $10,000, let alone building a master suite from scratch. You’ll probably end up with $100,000 less in your bank account. Unfortunately, the ROI is pretty low on this project. More often than not, you’ll lose more than 40% of your investment. So, think smart, not big!

Installing a backyard patio

Building a nice big backyard patio may seem very appealing. However, the market statistics disagree. Even though backyard entertainment space sounds like a great idea, it has a resale value of only 47.6%% of its cost.

Conclusion

When selling your home, you have to think smartly and carefully. Especially if you want to make a few home improvements before putting your house on the market. This article talked about the best and worst home improvements for your money. As you can see, many projects may seem like a good idea in the first place, but as it turns out, they won’t lead you to profit. That’s why you have to educate yourself about the current real estate market trends and get familiar with the statistics.

By Mary Aspen Richardson

https://www.movingtransparent.com/how-to-make-changes-in-your-lifestyle/

How to make your home more valuable and sell faster

How to make your home more valuable and sell faster

A woman holding a sold sign.When people get on the market and start searching for their new home, they usually know what they want. However, more often than not, they don’t manage to cross off every item from that extensive wish list. It shows that people are willing to compromise and don’t mind going down a different path if it makes sense to them. So, if you’re selling, you can get a great deal by showing your house in the right way. And a guide on how to make your home more valuable and sell faster will help with that.

Let’s not waste any more time and get right into it.

Hire a good real estate agent

First, it’s best if you don’t do this alone. Many factors matter here, and you can’t afford to overlook any of them. Luckily, a good agent can go a long way and even help you unlock the secret of the best way to sell a house. Though, you’ll have to be honest with them if you want to get there.

If there’s anything wrong with the place, share it with them. Tell them about all the quirky things that buyers might not like, and they’ll find a way to present them — so they don’t sound that bad. It’s what they’re good at, and by being honest, you help them do their job.

On top of that, a good agent will know about the area and your competition. They’ll know what else is for sale, and they might even get you in some open houses nearby. It’s a great way to see how you’re standing and what you need to improve.

A good real estate agent will make all the difference.

A man with his real estate agent.

Stage your home

Staging your home is one of the vital steps when you’re selling. It’s essentially prepping it for sale, so whether you want to get more money out of it or sell faster, you need to do it — and here’s how.

Boost your curb appeal

When they come to look at your home, the first thing people see is the exterior. They all want to live in a place that looks taken care of, and that’s why curb appeal is important for potential buyers. Here are a few tips on how to make your home seem more inviting from the outside.

  • Mow the lawn
  • Clean up debris
  • Add flower pots or plant some flowers in the ground
  • Paint anything that looks olds and tired
  • Add some lights

A good kitchen sells

If your kitchen is spot on, you’ll have no trouble finding someone who will be ready to pay for the whole house that comes with it. It’s a crucial room, and you can improve it in no time.

The budget variant is a quick coat of fresh paint and some new hardware here and there. Fix what’s broken, make it look a little nicer, and you’re all set.

On the other hand, if you have a bit more money to work with, buying new appliances is the best thing you can do. Buyers love to see these, and your home will be a lot more desirable if it has them.

Get your home inspected

The next thing we want to talk about in our guide on how to make your home more valuable and sell faster is inspection. Most buyers will have the home inspected, but by hiring an inspector before you even put the place for sale, you’re potentially cutting costs way down. You’ll hear right away if anything’s wrong, and you’ll get a chance to make it right before the people start coming in.

It’ll be easy to make a plan and a strategy for selling the place once you know what you’re working with. Your agent will have a better time, and the buyers will appreciate that you went the extra mile and did this on your own. It’ll give them peace of mind and show them that you’re a person they can trust. That will get you that deal quicker.

If you want to learn how to make your home more valuable and sell faster, get your home inspected.

An inspector inspecting a house.

Show off your storage space

If there’s one thing that buyers love to see more than a nice kitchen, it’s plenty of storage space. It’s one of the qualities that make a house great for families, and you’ve got to have it.

Therefore, half-empty all those cupboards, pantries, closets, and other storage spaces you have in the house, but keep everything organized. You’ll create a sense that there’s more space than there is actually.

And if your house doesn’t have a lot of storage space, you’ll have to use your creativity to make it appear somehow. Add some hooks on the walls, install shelves, and bring in some drawers. People don’t want to buy a place that can’t accommodate all of their belongings anymore.

Hire a professional photographer

Most people these days start their house hunting on the internet. And when they do this, one of the things that are of utmost importance to them is the pictures. Their logic is simple: If your home doesn’t look good in the photos that you use to sell it, the chances are that it doesn’t look much better in real life.

Ask your agent if they know any good real estate photographers, and we bet they’ll get you connected. Good pictures that show all the critical points will get the buyers’ attention. They’ll become interested in the place, and that’s what you need.

If you want to take it a step further, go for a drone shoot and get an aerial shot of your home. However, before you do it, make sure that your roof is in pristine condition, and it won’t hurt if you learn a thing or two about adding value to your garden.

Set the right price

The last thing we want to mention is the price. Of course, you’ll want to get as much as you can, but the buyers will want to pay as little as possible. So, you’ll have to work your way to a price that works for everyone.

Still, your asking price must be spot on. If you set it too high, you’ll scare off some of the buyers. But you can’t ask for less than what you want to get, even if it’ll mean a quicker sale. It’s a tricky situation, so talk to your agent and see what the best solution might be.

Talk to your agent and determine the perfect asking price for your home.

A real estate agent talking about how to make your home more valuable and sell faster.

Conclusion

And that’s all there is on how to make your home more valuable and sell faster. Use all the tricks we talked about, and you’ll get more people asking for your place than any other in the neighborhood. Do you have a tip for all the sellers out there? Feel free to share it in the comments.

Meta: Are you eager to learn how to make your home more valuable and sell faster? Jump right in and get all the information you’ll need to do it.

By Mary Aspen Richardson

https://www.movingtransparent.com/how-to-make-changes-in-your-lifestyle/