5 Home Renovations That Will Get You A Great ROI At The Closing Table | Team Success Listing
Home renovations can be a great investment, especially if you’re planning on selling your property in the near future. But not all renovations are created equal when it comes to offering a return on investment (ROI). Here are some home renovations that are likely to offer the best ROI for resale:
Kitchen Renovations: The kitchen is often considered the heart of the home and is one of the most important rooms for potential buyers. A kitchen renovation can be a great investment, especially if it includes modern appliances, high-quality countertops and new cabinets. You don’t have to break the bank either, small updates like painting or replacing hardware can make a big difference.
Bathroom Renovations: Bathrooms are another important room for potential buyers, and a bathroom renovation can also offer a great ROI. Upgrading to a modern shower or bathtub, installing new tiles or updating the sink and vanity can all make a significant difference. Make sure to also focus on the lighting, storage and ventilation to make the bathroom feel more spacious and comfortable.
Curb Appeal Improvements: The exterior of your home is the first thing potential buyers will see, and it can greatly impact their decision to even consider your home further. Improvements like repainting the front door, trimming bushes, planting flowers or replacing outdated light fixtures can make your home look more inviting and appealing. A well-landscaped yard and clean front porch can help buyers envision themselves living in the home before even entering it.
Energy-Efficient Updates: Improving the energy efficiency of your home is not only beneficial for the environment, but it can also offer a great ROI. Upgrades such as new windows, adding insulation or upgrading your HVAC system can help lower utility bills and make your home more attractive to potential buyers.
Adding More Living Space: If your home feels cramped or lacking space, consider adding more living space. This could mean adding a room or converting an existing space into a more functional area like a home office, workout room or media room. If you can create the impression of more space in a home, you’ll have a better chance of appealing to buyers.
In conclusion, home renovations can be a great investment, but it’s important to choose the right ones. Kitchen and bathroom renovations, curb appeal improvements, energy-efficient updates and adding more living space are all likely to offer a good ROI when it comes to selling your home. With careful planning and consideration, you can make the most out of your home renovation investment.
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Donald Horne / Broker-Owner
Team Success Listing LLC
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