Here are some home improvement projects to consider that will almost certainly improve your resale value and the appearance of your home.
1. Minor kitchen renovation
Kitchens in older homes were not designed to be as functional as they are today. If you're still cooking in a kitchen from before you were born, a minor kitchen renovation could be the perfect solution to get you back to loving the culinary arts, while also increasing the value of your home.
Upgrade your appliances with energy-efficient models, replace outdated cabinets with newer options, and refinish your countertops. The average return on investment for a minor kitchen renovation is 81%, with an average project cost of around €21,000.
Always over budget for your project. No matter what you decide to replace or upgrade: renovation projects will almost never cost less than expected. You can make choices to save money, but in the end, you will almost always end up spending as much or more than you planned.
2. Installation of a wooden terrace
Adding a deck to the back of your home gives you a great place to host a barbecue, host an alfresco dinner, or even install a spa so you can enjoy the outdoors without getting your feet dirty. It's also a great way to add value to your home, as long as you choose a wood model over a plastic or composite model. The average wood deck will cost you $10,500 to build, but most homeowners recoup 85.4% of that cost, one of the largest returns on investment you'll find on this list.
If you choose wood, make sure you're prepared to sand and refinish it periodically to ensure you can enjoy your deck without worrying about splinters from you or your guests.
3. Garage door replacement
When was the last time you replaced your garage door? An old or outdated garage door doesn't just hurt the value of your home: it can be downright dangerous. Although they were made safer in 1993 when a law was passed requiring all garage doors to be equipped with an automatic reversing feature, they remain the largest and heaviest moving object in the world. your house.
On average, you'll spend about $3,600 to replace your garage door and all associated equipment, but you'll recoup almost all of that in value for your property. The return on investment for replacing a garage door is an astonishing 97.5 percent, plus it makes your home safer while improving property value and curb appeal, all in one package. neat.
Continue reading the article /"The 5 Best Home Improvements to Add Resale Value/" here:
https://www.biggerpockets.com/blog/5-home-improvements-improve-resale
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