Home Improvements That Matter
Making home improvements not only makes your home more enjoyable to live in but can also increase its overall value. Some of these improvements will increase the value of your home, and some can actually make selling more difficult. When making decisions what to do, it’s helpful to know why you’re making the improvements in the first place. If you plan to stay and it’s all about your comfort, fantastic! But if the goal is simply to add value: here are a few tips.
Projects With the Highest Resale Value
Updated homes frequently sell faster. Here’s the list of highest resale upgrades:
- Kitchens – people want modern conveniences and style
- Bathrooms – modernizing results in good returns
- Outdoor improvements – first impressions happen quickly
- Roofs and windows – buyers expect these to be in good condition
Projects that are more personal
Updates that are of a personal nature are less likely to have a positive affect on resale value. Here is the list of top projects that may impact resale value negatively:
- Luxury upgrades – mid-range upgrades have a better return
- Rooms that do not fit with the floor plan – converting a patio to a sun room can deter potential buyers
- Garage conversions – buyers like garages
- Swimming pool – often seen as a safety hazard