How The Right Home Improvement Can Increase Your Resale Value
Your house is more than just important to your family. It’s their home. That means it’s where they retreat to find relaxation, comfort, sleep, and fun. It really is that pivotal to your family’s lives.
But a house is also a financial investment — and one that you have to protect. Your house will be sold sooner or later, and if you don’t do the right maintenance and improvements, you can easily end up losing money on the sale. To avoid that, you should carefully pick the remodeling project that will add value to your house.
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Getting The Most Resale Value
What counts as the “right” project? It should be one that earns close to or even more than its cost when you sell the house. HGTV shows there are many remodeling projects that pay off. Minor improvements to your kitchen, like reglazing the tub or changing the old shower doors, can do wonders. Kitchens are also great choices for remodeling, such as new cabinet hardware or modern flooring.
There are some projects you should avoid because they’re not worth the money. Seattle Credit Union explains that swimming pools are just too expensive. Besides, families with small children can easily decide the safety risk of having a pool isn’t worth it. You should also make sure your improvements fit the neighborhood. A luxury kitchen looks great, but if every house on the block has a simple kitchen, it won’t increase your asking price by much.
Build That Curb Appeal
Kitchens and bathrooms are great places to make home improvements, but when it comes to selling your house, you cannot forget about the landscaping. Curb appeal can help make the difference for buyers.
A DIY project for curb appeal most people can do is painting the front door and the trim around windows. A brightly-painted door can make the whole house look better. A modern mailbox might sound like a small project, but it can really add value, especially given the cost. And a series of flower boxes on your exterior windows can really make people excited about your home.
Hiring professionals can make sure the landscaping is done right. As HomeAdvisor explains, the national average to install landscape curbing is $1,175. Having a sharp contrast between walkway and lawn not only looks great, it lets prospective buyers know you have taken good care of the building.
DIY Or Hire A Contractor?
You probably already have a list of home improvement projects that you’re excited about. Before you head to the hardware store, should you be doing that job? When is it better to hire a contractor or similar professional?
Money Crashers says that minor projects and routine maintenance can easily be done by yourself. For example, most people can paint a room or replace an old faucet. But any project that involves gas, wiring, or plumbing is just too dangerous to risk. Besides, a lot of these improvements often require a permit from the local government. These permits are typically limited to professionals.
Also, you need to make sure you have the necessary tools, training, and time. There’s no point trying a home improvement project if you cannot do it properly. You can also end up spending more doing things yourself if you have to buy expensive equipment.
Improve Your Resale Value
Not every project will help your home sell for more. That’s why you have to be careful about which home improvement you select — and who will be doing it. Focus on kitchens, bathrooms, and curb appeal to increase the resale value, and hire professionals when the task is dangerous. After all, no amount of resale value is worth your safety.