Which home improvements should a homeowner choose if a homeowner were to improve his home? When it comes to getting financial return on a home improvement investment it is smart to do your homework first! After all, not every "home improvement" will add value to your home. |
In fact, poorly planned projects that lack quality workmanship may actually take value away from your home. Keep in mind that potential buyers may not be as impressed with your home improvement choices as your were, nor are they likely to be as in love with your do-it-yourself projects. Just because you spend $20, 000 on a home improvement project doesn't mean you will add $20,000 to the value of your home.
|
| |
Kitchens & Baths |
Smart presale home improvements are ones done on rooms that are well used like the family room, kitchen and bathroom. Media rooms and home offices tend to give lower return rate.
However, be careful not to go to high-end with the kitchen or bathroom.
Also, consider your neighborhood. If the tab for a top-of-the-line kitchen remodel would represent a relatively high percentage of the total home price in the area you won't get a high return on your improvement cost. |
 |
Ask yourself: |
Does my kitchen need a minor or major remodel? Is a granite counter worth the investment? |
| |
Windows |
Consider if there are improvements that are needed. Would not doing a particular improvement prevent your home for selling or lower its value. Would the next homeowner be likely to do a certain improvement upon buying your home? If the answer is no, it is probably an indication that the improvement would not return on the investment, or that it would only minimally increase the potential value of your property.
With windows, it is best to consider the price range of your home and buy windows accordingly. Don't pay more than the next owner could afford if they were putting the windows in themselves or you won't get your money out of it. On the other hand, don't undervalue your home by putting in windows that are far below the standard in the area. |
 |
Ask yourself: |
How much would the next buyer spend on
replacement windows?
What is standard in my neighborhood? |
| |
Flooring |
A lot of potential buyers look for hardwood flooring. So, if you have hardwood under your old carpeting, consider ripping it up and having the floor professionally refinished. It's a good idea to have your floors professional assessed before you go ahead with ripping up all the carpet. A flooring contractor would generally want to inspect the condition of the floor in a high traffic area like a doorway or hall as opposed to merely peaking at the corner where there will be no wear. |
 |
Ask yourself: |
Can I refinish existing hardwood?
Is carpet my best route? |
When hardwood floors aren't an option, buy a mid-range carpet in a neutral color. Don't scrimp on the underpadding - it can make all the difference. |
| |
Don't renovate your home
beyond your neighborhood
because you won't see the return
for your remodeling bill. |
| |
Paint |
Paint remains one of the best presale investment improvements. While painting the same color throughout your home can seem off-putting or drab to some buyers it is still recommended to steer away from bold, dramatic colors that will not appeal to the average buyer. For a cohesive look , that still offers variety and panache, try using a variety of subtle neutrals. For ideas, have a look at Restoration Hardware's sophisticated line of paints. They offer lighter hues like butter, stone and pale silver.
So, in addition to staging preparations for showing your home - like editing the furniture and knickknacks, cleaning the windows and washing the floors - make sure your home isn't timeworn by giving it a fresh coat of paint.
Potential buyers often look for evidence of leaks in the ceilings and cracking in the walls. If the roof had to be repaired or some shifting in the foundation corrected but the interior visual evidence was not addressed, potential buyers will be leery. A leery buyer means a lower offering price. So, make all necessary drywall repairs and repaint. |
| |
Curb Appeal |
 |
 |
What kind of siding will lend curb appeal to my home? Which siding will have the best ROI (return on investment)?
|
What kind of improvements will update my bathroom without making it too trendy?
Which fixtures should I invest my money in? |
| |
If you are planning on selling your home in the near future there are many home improvements that will make your home more buyer friendly. There are improvements to suit every budget.
If, on the other hand, you are not planning on selling your home in the near future, you have more freedom to improve your home to the way you want to enjoy it.
What you may not eventually get back on the cost of a particular home improvement, you may get back in added enjoyment. |
 |
Ask yourself: |
What home improvements will make a good first impression?
Will a presale improvement on a mud room pay off? |
| |
So, if you are planning on selling your home , it's a good idea to check with a realtor in your area before you make major remodeling decisions. |
| |
Our professionals can help you with all your home improvement needs! |
| |