Selling your home can be a long, drawn out process if it isn’t up to snuff or is unfairly priced. Remodeling your home can be a great way to increase value and your overall return on investment when it comes time to sell. But not every project affects the price tag. Here are seven remodeling projects that will help to increase the overall value of your home.
1. Steel Entry Door Replacement
It’s a classic case of out with the old, in with the new. According to National Association or Realtors 2015 Cost vs. Value Report, replacing any type of entry door with a 20-gauge steel unit will produce a 117.7% recoup on the initial investment. Steel doors come in many different styles and colors to fit the color scheme of your exterior and majorly increase your curb appeal.
2. Replace Your Garage Door
Even if you currently only use your garage as extended storage space, making sure the garage door looks nice will add bonus points to your house’s curb appeal. When replacing your garage door, it is recommended that you keep the existing motor and replace the door and steel tracks. The best part about replacing the door is that you don’t have to be too fancy — a simple 4-section door will do the trick!
3. Luxury Vinyl Tiles
Luxury Vinyl tiling upholds all of the glitz and glamor as a ceramic tiling without hurting the wallet as much. Vinyl tiling is easy to install yourself, and you have the freedom to orient the tiles in any way to produce the best look for your bathroom or kitchen. Vinyl tiling is an excellent choice for high-traffic rooms because they can easily withstand shoe scuffs, spills and dents.
4. Attic bedrooms
Utilizing as much space as possible is a great way to maximize your home’s value, which is why turning your attic into a bedroom is one of the top remodeling trends of 2015. Adding a bathroom to the attic would be an additional perk, but not necessary.
5. Improve Your Landscape
Curb appeal, curb appeal, curb appeal! There is no such thing as “too much landscape” for a front yard. Start by adding some eye-catching flowers along the foundation, then step it up a notch by adding small shrubbery or even trees.
6. Deck Addition
Building a wooden deck for your backyard invites potential buyers to look at not only your interior space as valuable, but your yard as well. A deck adds points to the “lifestyle” category of your home by providing relaxation and entertainment to your backyard. Families can utilize deck space with a grill, patio furniture or even a hot tub.
7. Sunroom Addition
Again, adding as much space as possible to your home is a sure-fire way to increase the property value. One way to do this is to build a small sunroom addition to your home. Potential buyers will look at this as a “bonus” and will rank your house higher on their list of choices. Sunrooms can be used for family space, a playroom, a breakfast nook, or an entertainment room. The potential buyer will see this room as a blank canvas to make it anything they want it to be.
There are hundreds of ways that you could update your home, but there are a distinct few that actually influence the overall value of your home. Sticking with these seven updates are sure to help you increase the sale price and marketability of your home.