Thursday, April 8, 2021 / by Laura Larson
It's critical to make some main renovations if you want to increase the value of your house. However, not every renovation project is created equal. Some are well worth the investment, but many are a waste of time and resources, with the anticipated return falling short.
Consider the following changes to your home while preparing renovations that will increase the value of your house.
Floor coverings (Average ROI: 70 percent -80 percent )
Although carpeting was once trendy, it could now be a big obstacle to a potential buyer making a bid. Hardwood floors are a significant investment, but they are the best option for any flooring renovation project. This is an opportunity worth considering if you have the time and resources.
If hardwood is out of your price range, consider laminate wood flooring, which has a similar appearance for a fraction of the price.
Outside (Average ROI: 76 percent -97 percent )
When prospective buyers arrive at your home and see overgrown lawn, unkempt landscaping, and a neglected walkway, it doesn't make a good first impression. Curb appeal offers a huge opportunity for your house. Anything from your front door to your roof to your garage door, which, let's face it, could still use a fresh coat of paint, falls into this category.
Kitchen (Average ROI: 79 percent -83 percent )
There's a reason so many people consider the kitchen to be the heart of the house: it's where people spend the most time. When people walk in, they look to the kitchen to make a quick assessment. If your refrigerator, stove, dishwasher, countertop, or any other frequently used appliance is more than ten years old, it's time to think about replacing it.
Making upgrades to your home can be time-consuming, but it's crucial if you want to increase the value of your home on the market.