If you wish to increase the value of your home for a possible future sale, the best thing to do is to renovate or improve your property. Certain property upgrades can systematically boost its value. In many cases you could even obtain a 50 to 100 percent return on your investment.
Besides improving your home’s appearance, you’ll also have better security, as well as a healthier and more efficient living environment. The most common home renovation projects include attic insulation and adding manufactured stone veneer to the exterior walls of your home. For some, garage and entry door replacements could also do the trick.
Home renovations are not cheap so if you have a limited budget, you may want to set your priorities. Kitchen and bathroom improvement projects are the most lucrative and they even pay back 75 to 100 percent of the total cost. Professional real estate agents agree that those who handle renovations for purposes of selling their property should focus on these rooms.
Another profitable renovation project is painting. Just roll on a new shade of exterior or interior paint. It’s best to choose a neutral shade rather than trendy colors which may not be appealing to all buyers. The new paint will help you get back 50 to 100 percent of the total cost.
Roof upgrades can rapidly increase the value of your property and they also protect you from various problems like water infiltration. You could also invest in a quality heating system or put up a furnace. This type of investment is known to provide a handsome payoff.
For more ideas regarding home renovation projects, you could browse through the infographic we have prepared. It will help you learn some of the best improvement projects that will make your property more saleable in the real estate market!