If you’re dreaming of one day selling your home for more than the initial investment you put into it, then you’re in luck. Remodeling is an efficient method to significantly increase the value of your home while ensuring it is aesthetically and functionally pleasing today. Your family and future buyers will thank you for the hard work and investment you put into the project today. But how do you know what projects are worth your time?
There are specific projects that make the most of your money year after year. These projects have a few things in common, namely:
• Not too costly
An aesthetic remodeling project includes any job that improves the overall appearance of your home, first and foremost. Such projects include replacing the front door, installing new windows, or having new siding professionally installed. Each task is relatively inexpensive and lasts for quite some time, making it worth both your time and money. A door, for example, can cost, at the highest, $2,000 for a high-end security door made of real steel. You will quickly recoup that cost during resale.
A practical project can be aesthetically pleasing, but it also serves a direct purpose in the home. For example, a kitchen upgrade is a significant remodeling project – one that can be both expensive and time-consuming. With that being said, new flooring, cabinets, countertops, and appliances can work wonders for your home and its resale value. You can expect a return of 67% on the national median cost of a kitchen upgrade during resale. Ninety-five percent of homeowners who perform a kitchen upgrade report being satisfied with the end results, per the “Remodeling Impact Report.”