Before you tackle remodeling projects, it’s important to know what type of value they provide. Some home upgrades will pay off when it’s time to sell and others don’t pay off nearly as much. Let’s look at some of the top home upgrades that pay off in resale.
Upgrade #1 – Updating the Kitchen
Known to many as the heart of the home, the kitchen is one of the most important rooms in your home. When up decide to update the kitchen, it could return a large percentage of your investment. In fact, you will likely recoup more than 80% of the cost, depending on how outdated the kitchen is currently.
Upgrade #2 – Replacing the Garage Door
If you need a new garage door, this is one of the best home upgrades for the money. You will likely spend around $3,500 to replace the garage door and recoup more than 98% of the cost when you sell. A new garage door will also show up in pictures and provide additional curb appeal.
Upgrade #3 – Replacing your Front Door
Another simple home upgrade that pays off at resale is replacing the entry door. Depending on the type of door you have and what you replace it with, you could recoup more than 90% of the cost. Sometimes, you don’t even need to replace the door. A fresh coat of paint could add curb appeal and help sell your home faster.
Upgrade #4 – Adding a Deck
If you don’t have a deck, currently, adding one could make quite a bit of sense. Not only do you get to enjoy it until it’s time to sell, but it will also return nearly 83% of what you spend, on average.
Upgrade #5 – Master Bathroom Upgrades
Taking on a master bathroom upgrade can be a huge task. However, it can also return a large percentage of your investment. If you do a major bathroom remodel with high end fixtures, you could recoup as much as 93% of the cost when you sell.
Before you decide which remodeling projects you should tackle this year, consider the value they will provide. Even if you don’t plan to sell soon, it’s important to consider the value of your home as you update and upgrade it.
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