Adding value to your home is the most important thing you can do if you’re planning on selling your property any time soon. Unfortunately, it’s hard to tell what are good renovation projects and which are a waste of time and money.
Here at GreatBuildz, we speak with clients every day who are looking for the best return on investment from their renovation projects. GreatBuildz is a free service that connects homeowners with reliable, pre-screened remodeling contractors, then provides ongoing project support to ensure a stress-free experience.
In this blog, we’re discussing some of the highest-value renovation projects every homeowner should consider if they’re planning on selling soon!
Update Your Garage
Your garage is the secret to getting the highest return on investment possible. Updating your garage door has the highest ROI, bringing in over 100% of the invested $2,000 to $5,000 it costs to update this portion of your home. You can take it even further by converting the garage into a living space, updating the flooring and finishing the walls, but your major investment should be the door itself.
The average garage door is only good for ten to twenty years, and the moment it stops working, you could be stuck with your car or storage stuck in there until you’re able to replace it. Invest in your garage first!
Consider Your Roof
How old is your roof? If it’s showing its age or you’re noticing leaks, it’s time to update everything. From roof cover board to updating to a slate roof, consider the other properties in your area and what type of roof or material they have on their property.
It’s a good idea to consider what storage and insulation you have in your attic and roof while you’re going through this renovation project! This will aid your roof in keeping your home safe and comfortable and knock out two birds with one stone.
Update Outdoor Spaces
The outdoor spaces on your property can make a huge difference! If you have a deck or are considering getting one, now’s the time to go for it. Out of all renovation projects outside your home, decks offer one of the highest returns on investment you can find, especially if your back door is elevated and needs steps to walk down from it.
Not only does this create an exterior space for entertainment and spending time with family, but it also looks fantastic for anyone who’s trying to make their property as attractive as possible.
Add Visual Appeal
Visual appeal isn’t just for the exterior of the home! When you’re updating your house, it’s a good idea to invest in the visual appeal of the interior of your home as well. Adding interesting renovation projects, like a white shiplap bathroom, can give your home more intrigue while also increasing textural differences throughout the property. This is especially important if your home feels one-note or basic.
This will stop your property from feeling like a five-second flip, which many buyers are avoiding in the current market.
Increase Energy Efficiency
Energy efficiency is a huge selling point! The more energy efficient your home is, the lower it will cost to keep it running every month, and the better energy bills you can show future buyers. To do this, install a smart thermostat, and invest in well-sealed windows and doors.
If your windows are older, and you don’t have the funds to replace all of them, consider taking a step back and doing window replacement inserts instead. These update a portion of your windows instead of having to get a full fresh set.
Update Your Siding
How old is your siding? Older siding allows temperature fluctuations to slip through easily and can cause maddeningly high energy bills. Out-of-date siding can also encourage moisture to make its way in, which can force the formation of mold and rot.
Instead, go for something similar to synthetic stucco, which will fight moisture, and give your property a classic and timeless look. Although this can be expensive renovation projects, it’s important to update as soon as possible to protect your home.
Minor Kitchen and Bathroom Remodels
We all love a dramatic before and after of any kitchen or bathroom remodeling project, but avoid making any huge updates. These won’t pay you back in the long run – if you are looking to sell soon, you may end up pouring tons of time and money into a project that isn’t worth it.
Instead, go for minor remodels. Change some things, like the wall colors, floors, and details, but avoid going overboard. This will save you from accidentally costing yourself money.
Keep Water At Bay
One-sixth of all homes are at risk of flooding within the next ten years. This is a scary statistic, and buyers are keeping a close eye on it. Instead of allowing it to keep buyers from being interested in your home, invest in good drainage and landscape drainage grates that will keep water and debris off of your property. Not only will this save you from possible flooding, but it will also save you from the time and struggle of cleaning out your grates every couple of weeks.
Your Home’s Value Can Skyrocket
You don’t have to worry about your home’s value if you complete these projects! Any property can be worth more after you work on it with these tips and tricks in mind.
When it comes to planning and coordinating a renovation on your property, you shouldn’t have to go it alone – GreatBuildz can help simplify your renovation experience.
GreatBuildz is a free service that connects homeowners with reliable, thoroughly screened general contractors and provides project support from start to finish. Call now (818.317.3567) to chat with a real person about your next renovation project or visit our website for more information: www.greatbuildz.com.
Max Shafer is a freelance writer that loves sharing his knowledge and expertise on home improvement projects and materials. He lives in Land O’ Lakes, Florida where he enjoys spending time with his wife and working on projects in his spare time. Max’s work as a freelance writer can be found on Building Product Advisors, a new construction industry resource launching in Fall 2022.