Conscientious home owners know how important it is to invest in their properties. This is especially true when contemplating a resale sometime in the future. But for some, it’s hard to determine which projects are worth the time and money. Bathrooms, landscaping, the spare bedroom – – – what remodel projects are sure to give us the best return on investment (ROI)? Surprisingly enough, the projects you may need to tackle could be smaller than you think. Mid range projects may be the way to go. Here are some factors to consider.
1. Where You Live Matters
According to the 2016 Cost vs. Value Report, the return on investment for some remodel projects may vary greatly depending on where you live in the United States. Click the link above to see learn more about where you should put your dollars to work. This report is very handy for those thinking seriously about the resale process.
2. Go for the “First Impression Projects”
When considering a home remodel, curb appeal tops the list. The impression your home makes on prospective buyers is a huge draw. So, take a look at that vinyl siding, front door and windows. These areas may make or break a deal.
3. Beware of the Bathroom
If we’ve heard it once, we’ve heard it 1,000 times – – Upgrade your bathroom for huge ROI. But, some experts say, “not so fast”. Opting for ultra-luxe upgrades in your bathroom may be nice to look at but some buyers may value functionality over those “dream spa” remodel projects. So be smart with how you go about overhauls like these. For more, listen to business analyst, Jill Schlesinger as she breaks down the do’s and don’ts or home remodeling in the clip below.
4. Who Knew?…The Garage Door Needs Love, Too!
No matter what lists we research, garage doors consistently ranked as a top mid range remodel project you should consider. According to the National Association of Realtors, your basic garage door replacement may get you almost 90% ROI and an upscale garage door makeover might get you around nearly 83%.
5. Do Your Research
We did our best to point you in the direction of some solid resources to help you determine where to start your home improvement projects. But, you can easily find the answers you need from local home improvement and real estate pros. Retailers such as Sears and Sears Home Services are a great source to help you get the ball rolling.
Have you made any mid range improvements to your home? Let us and other readers hear all about it in the comment section below.