Whether you’re trying to sell your home in the current real estate slump or want to increase your house’s profitability for a future time, where to begin remodeling can be a tricky matter. While certain investments, like a sunroom, may make your home feel more comfortable, it may not be a smart addition if your goal is to add monetary value. In fact, in a down market, many improvements can even detract from your home.
While not every remodel is suitable for all houses, here are three affordable remodeling projects that can help increase your home’s value.
The Basics
Remodeling can seem like such a huge task that many people forget the simple things. A fresh coat of the right color paint is inexpensive but can really update the look of your home. Basic maintenance also goes a long way. After all, addressing leaks, mold, and other common issues when they occur prevents damage and major renovation from being needed later.
Potential buyers likewise want a house that is cared for and well maintained, with solid internals. No one wants to worry about faulty plumbing or electrical problems in a new home, so make sure those basic elements are addressed and kept in top shape.
Minor Kitchen Remodel
The kitchen is a very central and important part of the home to buyers, but that doesn’t mean sellers should go overboard with their kitchen remodel. On average, you can expect to recoup from 60 to 80 percent of your investment, but this does not equate to putting in an expensive and deluxe kitchen that doesn’t match anything else.
In most situations, buyers want a kitchen that suits the home, is modern and cohesive, with updated and energy efficient appliances. A flowing workspace is also important, so make sure to have a layout that makes an easy-to-navigate “triangle” between the cooking area, kitchen sink, and dishwasher.
Bathroom Upgrade
Like the kitchen, your bathroom most likely needs a boost rather than a makeover. Consider replacing your vanity top with a stone like granite, as it is fairly inexpensive but really makes an impression.
Other updates most bathrooms benefit from include a new toilet seat (or new toilet if your current one is cracked, hopelessly dirty, or doesn’t work properly), re-grouting the shower, and updating the fixtures. Replace chipped tiles. If your surfaces are worn, make sure to weigh the estimates of several reliable contractors since refinishing or reglazing can vary in cost.
Bathroom floors and walls vary depending on their condition, but in general go for a good paint job and some timeless detail. Many remodel experts suggest getting rid of wallpaper since the constant moisture can make it a hassle.
Basically, as long as your remodeled bathroom is clean, functional, and looks appealing to the eye, you can probably expect around 60 to 70% back.
If you need to sell your home but don’t have the time or money for necessary remodels, consider the help of Elite House Buyer to get your house sold fast.
