Not every home improvement project offers a high return on investment. Most upgrades are quite costly, but if you love the outcome, then it is worth it. However, if you intend to sell the house, then you will want to make renovations that are sensible cost-wise.
So which home remodeling projects should you invest in? Here are five projects that have high returns on investment and will increase the value of your home.
1. Update the house basics
Basic updates have the most value in a home renovation. Whether it is a fresh coat of paint, fixing a leaky roof, replacing any wood that may have rotted or getting rid of mold. These simple chores keep your home looking new and prevent deterioration over time. Some of these projects, such as repainting a door or the house exterior, are great DIY projects. But projects such as roof repairs, are best if you consult a roofing contractor. With professional help, you can prevent further damage to the house, and you are assured of a good job. A buyer in search of a home wants a healthy, safe, and solid-looking home. Routine maintenance can help you keep your home in tip-top shape.
2. Bathroom addition
When adding in a new bathroom, the most important thing to consider if the layout. Since you are building it from scratch, you have the freedom to design it the way you want. Find an extra room or underutilized spaces and turn it into an additional bathroom. It could be a spare closet or the space under the stairs. Also, consider what you want to have in this new bathroom. If you wish to have a stand-up shower or a bathtub, each has different space considerations. Shop around to get the best priced, quality additions, and accessories.
3. Reinvent a room
There are many underutilized spaces in the home that can be remodeled and turned into usable spaces. For instance, you can turn the attic into an extra bedroom, game room, or a place you can relax. Finishing the basement can open it up for use as a play area, spare bedroom, living room, game room, or an office.
4. Replace the entry door
It may seem like an afterthought, but your front door makes a statement. By replacing your front door, you can breathe some new life into your entryway. If replacing the door is too costly splash on some fresh paint and give it a new look. When remodeling your entryway, standard design rules apply. Ensure that you compliment your new door with some welcome mats or plants.
5. Add energy-efficient insulation
Adding or updating the insulation in your home can improve the energy-efficiency of your home. This means that it would cost less to live and maintain the house. Having an energy-efficient home on the market can attract more buyers.
There are tons of home remodeling projects that can add value to your home, but these five will give you the starting point you are looking for. Focus on projects that can make your home more energy-efficient and appealing.