How do I get the most bang for my buck when it comes to home improvements? The spring season is here, and together with blooming flowers are home sales. This also means home improvement projects for homeowners. From garden renovations to painting walls to refresh their homes for the new season.
But, for those who are interested in selling this spring, what kind of home improvement projects will net them the biggest return on their investment? This is a crucial consideration since not all home improvements will increase your home’s value. Today, I’ll go over what projects to avoid, what repairs to make, and how to select a good contractor to do the work.
1. Projects to avoid. While upgrades can enhance your home’s value, some aren’t worth your time or trouble. Upgrading your kitchen to top-of-the-line or professional grade or making lavish landscaping changes aren’t very cost-effective. You also want to avoid partial upgrades at any cost. While finished projects may net you at least something in return, partial projects might actually hurt your final sales price.
2. Upgrades to make. Adding value to your home is possible if you pick the right projects to focus on. Consider replacing your garage door with something more modern. You can also install a manufactured stone veneer on the exterior of your home. These improvements get the attention of your potential buyers, and making a good impression is always good. While you don’t want to overdo it, make sure that the landscaping is clean and nice. Lastly, look for mid-range remodels to the kitchen and touch-ups like fresh carpeting and paint. Do not break the bank, but make sure that things are up-to-date and functional.
“The goal of these improvements is to make your home more attractive to potential buyers, increase your selling price and have a solid ROI.”
3. Pick the right contractor. A good contractor helps manage costs, suggests high-quality additions that fit your budget, and gets the details right the first time. Ask friends, family, and neighbors for recommendations, and consider resources like local Facebook groups to find a good contractor. It is also advisable to come up with a list of top candidates and interview each of them to find the best fit, on top of reviewing their proposals. Request examples of their finished work, verify licensing and certifications, and ensure that they are bonded and insured.
The goal of these improvements is to make your home more attractive to potential buyers, increase your selling price, and have a solid ROI. Ready to take the next step in maximizing your home’s value? As with anything related to real estate, the answers could change based on your location and comparable sales. I’m here to help; contact me at (608) 212-5743 or email me for more personalized suggestions and any questions you might have. Let’s work together to get the best possible price for your home!