Which Home Improvements Give the Best ROI
It’s no secret that renovations have the potential to raise the value of your home, but which ones are worth the investment? Before you start tearing down walls and ripping out kitchen cabinets, keep in mind that some home renovations are more marketable than others. Here are some home renovations that have been proven to give you the best return on your investment:
One of the things we always advertise on our listings is a newly updated roof. Not only are they excellent appearance upgrades, they have one of the strongest recoup values. According to Remodeling Magazine’s latest cost vs. value survey, a new roof increases home value by almost $12,000. Consider cool roof technology to reflect solar heat, thereby reducing cooling costs. These perks will inspire potential buyers to consider higher offers on your home.
Across the board, buyers love to see clean and airy spaces when walking through a potential home. Adding a fresh coat of paint in your listing’s entryway will deliver a first and lasting impression on potential buyers. One of the best money-conscious renovations, fresh paint has the potential to make your home look move-in ready and well cared for.
We can’t stress enough the importance of a good first impression. A home that looks inviting on the outside will excite potential buyers to view the inside. Your home’s curb appeal can be improved with an overall landscaping renovation. If done independently, it can be one of the most cost effective renovations to improve your home’s value.
A more extensive renovation would be adding a manufactured stone veneer to your home’s exterior. In this year’s cost vs. value survey, Remodeling Magazine listed this project as having a 97.1% recoup value. The highest profitable renovation, this project is sure to improve your curb appeal.
Abandon the idea that investment-rich renovations are all about you home’s appearance. When buyers enter a home, they’re examining the entirety of the space’s atmosphere. Adding attic insulation is an inexpensive project that can improve the internal temperature and humidity levels of your home. With an estimated return of 108%, this renovation can be done for less than $1,500.
The Teresa Cowart Team is happy to provide you with local contractors who are ready to provide you with expert service at an insider’s price. If you’re interested in speaking more about which home renovations give the best return on investment, call Teresa Cowart with Remax Accent at 912-756-5888 or 912-667-1881.