Home improvements aren’t just important for the overall appearance in your home, but to assist you in selling your home when the time comes. Little improvements here and there around your home not only help increase your home’s value, but give you a chance to have a great return on investment when you decide to sell your home. Here are 4 home improvement trends that yield the highest ROI.
Updated Kitchen
Small kitchen updates such as repainting, replacing cabinets and handles, adding a new backsplash, purchasing new appliances, replacing your stove and fridge and others can have a major impact on your home. While major renovations can take up a lot of time and money, minior remodeling can have your home read-to-sell sooner rather than later and allow for a better return on investment.
A New and Improved Garage Door and Siding
While interior home improvements bring in a lot of return, lately exterior home improvements have been giving homeowners the most ROI. A new garage door can cost upwards of $4,000, but upon selling can make up to a 93% return. Replacing your siding is also great for restoring your home and increasing your curb appeal. An investment for new siding can bring a return in the upper 60%.
Spruce Up Your Deck
While deck improvements are expensive, they are still a solid investment and can yield up to a 65% ROI when selling your home. Depending on the choice of materials, a wooden deck can cost up to anywhere from $15,000-$20,000 and a composite deck can be upwards of $25,000
Switch Up the Bathroom
When touching up the bathroom, homeowners can expect to make back up to 60% of their investment upon selling their home. The cost of renovations have increased over the last few years and the ROI has actually dropped. If you are expecting to sell soon, the it’s better to spring for smaller renovations rather than bigger remodels to guarantee a better return on investment.