We are so glad that you Asked! If you’re looking to quickly increase the value of your home before putting it on the market, then you may feel overwhelmed by all of the renovation options out there. Fortunately, there are a few key renovations that offer better returns on investment (ROI) than others. Let's break down the best bang-for-your-buck renovation projects and why they add more value than other projects.
No surprise here! Investing in a kitchen remodel always pays off in terms of ROI. Replacing cabinetry and countertops, installing new appliances, and refreshing the room with a coat of paint will make your kitchen look brand new, attracting potential buyers. Not to mention, a modernized kitchen can help you fetch up to 4 times more than what you put into it!
Similar to kitchen renovations, bathroom remodels have become increasingly popular among home buyers and sellers. A stylishly updated bathroom can help you recoup about 80% of what was put into it when selling your house. That means if you spend $10,000 on bathroom upgrades such as replacing fixtures and adding new tiling or flooring, you can expect to get $8,000 back upon selling your house.
Upgrading the exterior of your home is one of those win-win situations—not only do these improvements add curb appeal and make your home stand out from the rest but they also bring in a higher price tag when selling your house. Investing in siding replacement or updating decks and patios can turn eyes away from any interior flaws while still giving you an impressive return on investment; some sources estimate up to 95% ROI on exterior upgrades!
Renovations can be expensive—and no one wants to throw money away on something that won’t pay off later. Luckily for us all, some renovations offer bigger returns than others when it comes time to sell our homes! Kitchen and bathroom remodels are always surefire ways to upgrade any property’s value while exterior upgrades such as siding replacements can bring even higher returns down the line. With these money-saving tips in mind, deciding where to invest your hard-earned cash should be an easy decision!
Thank you for Asking Hilton!