If you are looking to have work done on your home in order to increase its value for a future sale, you need to make sure you are choosing the updates that will have the greatest impact. Not all improvements to your home will be reflected in its resale value. If you want to see a return on your investment, keep in mind these best home updates for increasing your property value.
Many homeowners who aren’t looking to have extensive work done choose to make simple updates to their home in order for it sell faster and for more money. These simple updates include a fresh coat of neutral paint, new carpets or flooring. However, if you’re looking to have more extensive work done on your home, consider the following options:
- Kitchen Remodel
Average Return at Resale: Minor Remodel – 98.5%, Major Remodel – 91%
Update the cabinet faces, counter tops, appliances, fixtures, and flooring.
- Bathroom Remodel
Average Return at Resale: Minor Remodel – 102%, Major Remodel – 93.2%
Replace the tub/shower, tile surround, floor, toilet, sink, vanity, and fixtures.
- Exterior Improvements
Average Return at Resale: 95.5%
Update/replace vinyl siding, paint, update the front entry, replace railings, etc.
Average Return at Resale: 100%
Lay sod if necessary, add flower beds and plant flowers for a pop of color, etc.
- Basement Remodel
Average Return at Resale: 90.1%
Finish the walls and ceiling, add recessed lighting, add flooring, consider extras such as a wet bar or half bath.
- Replacement Windows
Average Return at Resale: 89.6%
Replace old, drafty windows with new energy efficient windows.
Questions about selling your home for the most money?
Call or text Eric Lowry at 513-368-3751.