Your opportunity to recoup from remodeling your house depends on how important is it for the future occupants. For instance, if the home buyer loves cooking, he can give more value when he sees that the kitchen has sparkling newly-furnished cabinets and granite counter tops. In general circumstances, people would love to have new doors installed rather than new kitchen furnishings.
Here are some smart remodels that recover their costs upon sale:
Kitchen and baths
Investing in renovating kitchen and bathrooms is worthy especially during a hot market where it is projected to return the cost. In one study conducted in Baltimore by Remodelling Magazine in 2014 reveals that the cost of improving the kitchen returns 182 percent of its cost at resale. On the other hand, major cities in the US including Minneapolis, Chicago, and Atlanta also offered triple-digit returns on bathroom remodels. Kitchen and baths need to look amazing since they are the parts of the house where people spend most of their time.
Home maintenance improvement does not really target the aesthetic purpose of your property. What it does is it improves the safety quality of the important structures. Keeping the existing structure sound is not an option but necessary when you are thinking of how to make the house safe for the next owner. You cannot make renovations to the kitchen and baths while letting the leaks on the basement unfixed.
Improving the curb appeal is very important since it is the first thing that the home buyer notices. Normally, if people don’t like what they see from the outside, they will not have any drive to check what’s inside. If you want to create a property with high value, it is crucial to building a strong curb appeal. The appearance of the house is what people will consider creating their first impression of the property. If they are not impressed with what they see the first time, chances are they will not buy your property.
Adding rooms can be a very good investment. There are many old models with four bedrooms sharing only one bathroom which is not ideal for modern families. If this is the case, don’t hesitate to add an extra bathroom. Adding one or two more bathrooms in this scenario can attract potential buyers who give a lot of importance in privacy and convenience. If you don’t have a budget to add more rooms, declutter each room to create more space. Remove things that will be of no use to the next owners. Take out your personal items and memorabilia to give the new owners a chance to envision where they are going to put their own things.