You’ve decided to sell your home, but it’s not quite where it needs to be to get the best asking price. Some remodeling can offer a higher return on your investment, but you need to know what to remodel specifically to boost your home’s value – and it’s price.
The remodeling efforts that generate the highest returns on investment are often focused on a home’s modernization and energy efficiency as well as it’s style. Window replacement, and both minor and major kitchen and bathroom upgrades on the inside garner the highest returns; and wood decks and new roofs on the outside offered home owners the highest ROI in 2020.
If you can only change a few structural items, there are three to remember that add the most value for the cost when you sell: front entry door replacement, siding replacement and garage door replacement. Each of these installs will recoup most of the replacement cost.
And if your remodeling budget is tight, these simple switches demonstrate your home’s modern style and energy efficiency, increasing value beyond the actual cost of the switch.
- Add energy efficient new appliances
- Update to the newest technology like digital thermostats and smart mirrors
- Change out dated light fixtures and ceiling fans
- Upgrade faucets, drawer pulls, and other hardware
Don’t underestimate the power of a fresh coat of paint on walls and trim
Establish your budget and remodel your home to maximize your home’s value and your profit when you sell.
