Home Improvement Tips for Raising the Value of Your House
Homeowners often wonder what they can do to their home to raise the value of the property. After all, if they’re planning to make an investment in home improvement projects they want the projects they choose to do to make a positive financial impact should they try to resell or refinance. Here are a few of the best home improvement tips and ideas, for making the wisest investments.
Exterior House Painting
One of the easiest ways to bring potential buyers into your home is to throw a fresh coat of paint on the exterior of your home. Real estate experts claim a potential buyer makes a snap judgment about your home in the first few minutes of viewing it. So, the outer appearance can make or break their enthusiasm about the house. In addition, if you paint your home before listing it on the market you can expect to add from $10,000 to $15,000 more to your asking price. What could cost less than $600 to paint yourself can yield you an incredibly high return.
New Appliances Or Kitchen Update
Another good area to spend money within your home is in the kitchen. Kitchen updates give you the most return for your investment during selling or refinancing appraisals. So, focus on the area wisely. New counters and new appliances are a must and can add thousands of dollars to your home’s value without the need to spend a fortune.
Bathroom Remodels
Be very careful when spending money on bathroom remodels. If you are adding an additional bathroom to your home, you can expect a great return on the investment. However, if you are remodeling an existing bathroom try to keep your costs down. A new bathroom sink and vanity can always add great value without costing a lot. In addition, a fresh coat of paint and new shower curtain can do wonders.
New Windows
Adding new windows to a home is a great investment for home improvement. New energy efficient windows can help you save money on heating and cooling bills as well. New windows attract potential buyers when you’re selling and can even be written off on taxes.