Upgrading your home benefits you as the owner because it keeps your home looking elegant and makes it more awesome to live in. Apart from the beauty that comes with upgrades, the home’s value is also increased. This is vital if you’re looking to sell it. As per the cost of remodelling to the value-added, the following are the top renovations that instantly add value to your house:
1. Attic Insulation
This has one of the highest returns when it comes to renovations. Filling your artic with a layer of insulation recuperates more than 107% of the cost. This is attributed to the fact that the insulation prevents loss of heat from the house, which minimizes energy bills. It also prevents the entry of moisture into the house, which keeps it and its components in pristine conditions.
2. Finishing Your Basement
Converting unused basement space in your home makes your home more appealing to potential home buyers. The average cost of remodelling a basement is $18,500, and you can recoup around 69% of this investment. If you’re planning to live in the same house for long, you should finish your basement as you could benefit more from it.
3. Integrating Smart technology
Smart devices, especially the ones that help you manage other systems such as the water system can increase the value of your home. A smart boost doesn’t require a lot of remodelling, unlike most remodelling projects, but it adds style and functionality in your home. Keep in mind that the number of houses integrating smart tech is increasing by the year.
4. Kitchen remodelling (Minor)
Remodelling your kitchen is always a good idea. It increases the ambiance of the house and creates efficiency in the kitchen. However, only minor renovations make a good return on the investment. Making major renovations, on the other hand, will bring some benefits to you as the owner but the return on the investment is minimal compared to minor improvements. The average cost of a minor kitchen remodel is $22,507, and you can recover around 80.5% of this, i.e., $18,123.
5. Installing Manufactured Stone Veneer
This is another renovation that earns back most of the investment you put in it. Installing manufactured stone veneer to part of or the entire side facing the street increases the appeal of the house. The average cost of such a renovation is around $8,907, and since it easily attracts potential buyers, one can recuperate up to 94.9% ($8,449) of their investment.
6. Replacing your garage door
Replacing the existing garage door with a new heavy-duty door is a great way to increase your home’s look and its appeal to a potential buyer. While it may cost you around $3,611 to replace the garage door with a heavy-duty, steel-based galvanized door, up to 97% ($3,520) of this can be recuperated.
7. Entry Door Replacement – Steel
The security of any home is always important to buyers. This is why replacing your current door, with a stylish and high-quality steel door will have a good return on the investment. The average cost of installing a steel door is $1,826, and you can recover up to $1,368 (74.9%) of this investment.
8. Siding replacement
No matter how beautiful the interior of your house is, the first thing that a potential home buyer will see is the exterior. First impressions matter. This is why replacing old, worn-out siding with new, high-quality ones is essential. The average cost of replacing sidings is $1,826, and you can recover up to $1,368 (74.9%) after selling your home.
9. Building a Fiberglass Entry Door
Fibreglass doors are a popular option when most homeowners are looking to replace existing doors. This is because they’re more versatile in terms of style; they’re also secure and can be easily customized to meet specific requirements. Installing a standard fibreglass door costs about $8,994, and one can earn $6,469(71.9%) back.
10. Window Replacement (Vinyl or Wood)
Replacing your existing windows enhances the overall look of your house. For wood, it cost an average of $20,526, and you can recuperate $14,530 (70.8%). If you decide to go with vinyl, it requires an average investment of $16,802 where you can recoup an average of$12,332 (73.4%).
11. Repainting Walls
Paint gets chipped through the years. It can also get damaged by other elements such as sharp items, and even your kids can decide to try their new pack of crayons on it. This is why it’s essential to repaint it after a few years. It brings back elegance and creates a good impression on potential buyers. However, be sure to choose a neutral colour if you’re looking to sell your home. This will increase interested buyers ensuring that you recover most of your investment.
12. Paying Attention To Details
The small details in your home are crucial to potential buyers. Fixing things such as lighting, cleaning walls, and washing windows show that the house is taken care of and it’s in pristine conditions. This will make a buyer more inclined to buy it at a good price.
13. Building a Wood Deck
Everyone loves a beautiful outdoor setting where they can sit and enjoy dinner with their family and friends. A wooden deck, with upholstery and other unique features, will attract buyers and though it’s expensive, you’ll be able to recuperate around 75% of your investment. Building a dock costs an average of $13,333 and has a resale value of $10,083.
14. Universal Design
A home with features that enable one to live comfortably no matter their condition attracts more probable buyers. This involves the inclusion of wheelchair friendly features and safety features in all the essential areas in the house. With such renovations, one can recoup 68% or more of their investment.
15. Roof Replacement (Asphalt Shingles)
The roof is one of the many things assessed by home buyers. Replacing it is a great investment whether you’re looking to sell the house soon or to live in it. Installing asphalt shingles costs an average of $22,636, and you can recoup $15,427(68.2%) of your investment when it’s time to sell.