5 Profitable Renovation Investments For Your Home
When you own you own home, the main goal is to build the equity of your property. Ultimately, the hope is that when you choose to sell you home, it sells for more than you originally paid. Purchasing a home should be viewed as a long-term investment, not just a place to share your life with family and friends.
If you are looking for a way to boost your home’s equity, home improvement projects will get the job done. Check out a few of the most equity-driven home improvement jobs, and get to work on your domicile as soon as possible.
Start outside of the home
One of the most influential upgrades you can make to your home is to beautify the outside of the property. Curb appeal will boost the saleability of your home, because a buyer’s first impression effects whether or not their interest in purchasing the property goes any further.
Make sure the lawn is green and plush. Plant some perennials around the perimeter, and make sure there are no faulty sections in fencing (if there is fencing). Fixing cracks in the pavement and walkways is also a good idea.
New flooring makes all the difference
Scuffed and heavily trafficked flooring doesn’t impress many would-be buyers. It is best to spruce up the flooring in the most frequented parts of the house. The kitchen, bathroom, and living room areas of the home should be priority.
With all of the different flooring options available today, it can be challenging to figure out what flooring will fit best with your home’s decor. Luckily, there are plenty of color matching mobile apps to help with that part of the remodel.
Invest in a fancy kitchen
The kitchen is one of the most important rooms in any home. Every possible buyer will take a very close look at the layout and amenities of your kitchen. The kitchen is an epicenter of the home, and it must be treated as such.
Update your appliances to Energy Star, energy saving appliances. Slap a fresh coat of paint on cabinets, and upgrade countertops. Durable countertops are an important aspect of a workable kitchen.
Upgrade the bathroom
A bathroom remodel will reap more than a 95 percent return on investment. Even though you won’t make any money on the upgrade, you can enjoy the fruits of your labor.
Enjoy that new bathroom for a few years before you plan to sell. The time spent using the remodel is worth more than the money spent creating it.
Create more living space
In America, space is a huge selling point for a home. The more room a homebuyer has to work with, the happier they will be with the sale. We all need a little extra space for a mother-in-law sweet or for the kids to come and go as we grow older.