High Impact/High Return Home Improvements
When you’ve bought a home, it is easy to get caught up in aesthetics and decorating. But when you are saving up money to make some upgrades, keep in mind what you will actually recoup when you sell your home in the future.
1. Basic Repairs – One of the first turnoffs for a potential buyer is learning of everything that needs to be fixed. Throughout your time living in the home, keeping up on basic repairs such as leaky faucets, caulking in showers and bathtubs, and landscaping can be huge.
2. Siding – Having to replace the siding of a house is a big undertaking, but one that pays off. Keep up the siding of your home with regular self-inspections and fresh coats of paint when necessary to keep the curb appeal, and basic good structure of your home, up to date.
3. Drainage – Regularly checking your gutters, roof, attic, and basement areas for signs of leakage are important. Investing in a new gutter or professional drainage in your basement could keep potential buyers interested. No one wants to have to deal with potential roof problems or a basement prone to flooding. Making these improvements to your home could allow you to see a big return on your investment when you sell.
4. Appliances – The looks of a home are obviously important as well. Researching and purchasing energy efficient appliances that work well will be a draw for many buyers who do not want to bother with older, less efficient models.
5. Kitchen/Bathroom – If you have the money to remodel an entire room, go for the kitchen or bathroom. Try not to make too many personal customizations that won’t be attractive to buyers in the future. Do it right by including granite countertops, plenty of lighting, sturdy and eye-catching flooring, and sleek but useful features.
Keep these high impact/high return improvements in mind when investing in your home.