Regarding home improvements, homeowners planning to sell their houses should always consider the return on investment that specific renovations offer. Some renovations offer a higher ROI than others. These are the best upgrades for anyone who wants to sell their home in the future.
Gone are the days when metal roofing was a thin metal sheet on top of a shack. Modern metal roofs provide aesthetic appeal and are available in various colors. Metal shingles can be used to provide the appearance of a traditional roof. This type of roofing offers superior durability, lasting up to 70 years compared to the mere 20 years that asphalt shingles can last. It also increases a home’s energy efficiency, and homeowners will enjoy a higher property value.
Another energy-efficient upgrade offers a spectacular return on investment. Homeowners can upgrade to triple-pane windows and storm windows to reduce their energy bills while they live in the home. Then, when it’s time to sell, they can enjoy upping the sale price due to the new windows that were recently installed on the house and get at least a portion of their money back. Some homeowners enjoy a 60% ROI on new windows.
Kitchen remodeling offers an excellent return on investment, but this only applies to certain parts of the kitchen. Upgrading to hardwood flooring anywhere in the house will increase the value of your home. Cabinetry, countertops, and modern appliances will give homeowners an excellent ROI. However, other upgrades included in a full kitchen remodel won’t get that high return. For example, lighting fixtures tend to increase aesthetic appeal but do little to change how much your house is worth.
Energy-efficient upgrades offer a significant return on investment. Installing an energy-efficient water heater tank and purchasing upgraded appliances are small upgrades that require little time. Metal roofing, triple-pane windows, storm windows, and insulating areas like basements and crawl spaces offer nice returns. Homeowners will enjoy their home being more comfortable while they live in it and can get some of their money back when the home hits the market.
Outdoor Living Spaces
Outdoor living spaces continue to trend nationwide. They provide ample space for entertaining guests. Outdoor kitchens encourage families to eat healthier and provide a haven for cramped kitchens. Seating areas are the perfect way to get children outside instead of being hunched over a tablet. Homeowners who invest in an outdoor living space will enjoy a higher sale price, and their home is more likely to sell faster.
Older homes are full of unused space, including the space in the basement. Hire a professional contractor to waterproof the basement. Then, put up some drywall and lay down flooring to transform an outdated, creepy basement full of cobwebs into a state-of-the-art game room. This extra living space increases your home’s usable space, increases the number of interested buyers, and provides your family with more space.
Hardwood flooring is one of the most popular home upgrades. It’s known for being low-maintenance, making it instantly appealing to home buyers. Wooden floors don’t trap allergens or stain like their carpet counterparts. This upgrade will give you an excellent ROI, but most homeowners also profit from it.
Steel Door Installation
The days of thin doors with large, drafty windows are long past. Home buyers now prefer the security and durability of a steel door. Steel doors are affordable, and installation is easy. They can be painted to complement existing design schemes. Most homeowners enjoy an ROI of over 100% on this simple upgrade.
Stone Veneer Siding
While traditional vinyl siding is still a thing, and many homeowners enjoy it, it can be quickly replaced with stone veneer. The aesthetic appeal of faux stone remains unrivaled by vinyl siding. This job often requires hiring a professional to replace the siding on the house, but homeowners discover that it’s well worth it when it’s time to sell. You can recoup over 100% on this home upgrade when you sell your home.
Investing in home improvements that provide an excellent return on investment is a strategic move that many homeowners make. Homeowners enjoy the upgraded house for now and get their money (and more) back later. Energy-efficient upgrades often provide tax advantages, too.