Not all home upgrades are priced equally, especially when it comes to adding value to your home. If you’re going to invest money, time, and energy into updating your home, you want to ensure that it is in places that will have the highest return on your investment. The key to choosing which areas of your home to upgrade will ultimately come down to how soon you’d like to sell your home. If selling your home is a distant thought, then you’d want to select upgrades that have a long life that will provide you value as well as increase the value of your home, when you do decide to sell it.
Here are the top five places to upgrade in your home to get the highest resale value.
Garage door replacement.
It is estimated that you can recoup 98% of the value of this investment in the long term. Homeowners like the convenience of automatic garage doors and installing a high quality one can give your home an added flair and a unique level of luxury that homebuyers are looking (and willing to pay) for. Remember, garage door repair and replacement isn’t a DIY project. It can be dangerous work that’s best left to the experts. At Home Pros can connect you to a licensed professional contractor in your area.
Stone veneers for your home’s exterior.
Anything that can boost your home’s curbside appeal is always a smart investment. Stone veneers give your home a distinguished look that can help it stand out from the other homes in your neighborhood. Investing in high-quality stone is important to be able to extend the ROI of your home upgrade. You’ll want to properly maintain the veneer to ensure that it can look its best for many years.
Good to Know
While most of the projects aren't DIY the cost of a contractor will be greatly offset by the increase in your home's value.
Add more deck space.
Homeowners are always looking for outdoor entertainment options and by extending your deck, you’re instantly adding more value and appeal to your home. Though the average deck addition can cost up to $11,000, you can recoup over 80% of the investment, especially if you add an enclosure to the addition, allowing homeowners to enjoy the outdoors with protection.
Improve your landscape.
Not only does this help your home better handle and disperse rainwater, it adds a special curb appeal to your home that can be unmatched. As more and more homeowners are looking for modern and energy-efficient homes, having a professionally-designed landscape can easily increase the value of your home.
Replace your home’s siding.
Anything you can do to spruce up the exterior of your home, including upgrading the siding, can help to not just add more character to your home but can also improve your home’s resale value. You’ll want to do your due diligence to determine the best quality and grade of siding to have installed and consider which colors you can choose to compliment your home’s style and design.
With the top five best home remodeling projects to choose from, the important thing will be to evaluate your current budget and which project may be feasible to do now and which could be postponed for a later date. Your home is one of your most prized possessions and knowing what investments to make to enhance your home’s value is key in assessing which projects you’ll want to move forward with.