Before putting your home on sale it is important to have home renovations in order to increase the equity on your home. Choosing renovations that have a high ROI is therefore the first step to successfully increase the equity on your home. This article will try to explain the top home remodeling projects for a high ROI.
The following are some of the top home remodeling projects that will give you a high Return on investment.
1. Hardwood floors
Hardwood floors are usually a timeless classic. They can return a huge ROI of up to 100% if you decide to do the work on your own. This entails having your original hardwood floors in good shape. You can decide to have them stained, sanded and resealed to make them more stunning at very low costs. Hard wood floors can be the difference between a deal-breaker and clincher for most home-buyers.
2. Replacing the front door
The front door is the first thing buyers see before entering a home. And as such, the front door replacement has been the top remodeling with the highest ROI over the years. It is therefore advisable to replace your front door to enhance the exterior look of your home. Installing a steel entry door will give you an approximated return of 91% while a fiberglass door can fetch up to 78% return on investment. These doors not only add value to your home but also makes your home appealing to the buyers.
3. Garage door replacement
This type of home remodeling project gives your home a significant value boost. It can fetch you up to 85% ROI. There are so many options when it comes to garage door renovations which may include but not limited to wood-look adorned steel,glass window inserts and a variety of factory finish colors.
4. Improve landscaping
Yards where lawns are well-maintained with no weeds, having the grass green, edging and adding color with different kinds of flowers adds to the curb appeal. This will have prospective buyers getting interested in your home and therefore boosting your home equity. Improving your landscaping is one of the most inexpensive investment that will give you good returns on investment.
5. Minor kitchen remodel
The kitchen is the heart of the home,it therefore needs extra attention in order to improve the resale value of your home. Minor kitchen remodeling involves keeping the kitchen layout fairly the same but upgrading some aspects of it like the counters, cabinetry, the floor and appliances. If done well a minor kitchen remodeling will recoup 80% of its costs.
6. New roof
The roof is the first thing home-buyers realize from far. A good roof will tend to leave home-buyers gawking. Aside from the beautiful sight, home-buyers want a good defense against elements such as rainfall and sunshine. This therefore makes the changing of a roof a good investment with a 71.7% return on investment.
The above discussed remodeling projects have been top in giving high ROI for home-sellers over the years. It is therefore important to use them when you want to sell your home in order to realize profits.