November 27, 2023
July 25, 2019
Top 5 Home Improvements With The Best ROI
If you’re planning on selling your home in Denver, CO, or even if you?re not, now is a great time to make some home improvements. Updating a house before you sell it can result in massive profits. Although it will take some front-end investment, focusing on home improvements with the best return on investment can make you a lot of money in the end.
Best Types of Home Improvements:
Most of the below improvements can be carried out by hiring professionals, like professional remodeling contractors at Striking Remodels by Bell. Although, there’s also some DIY work you can do to improve your home value. Here are five of the best home improvements that will give you a great return on your investment.
1. Enhance the Exterior
When it comes to improving the value of your property, nothing goes further than enhancing the exterior. Keep in mind that this is the first thing buyers will see. If your home looks shiny and new from the outside, it’s instantly more valuable.
A Cost vs. Value report by Remodeling magazine found that simply replacing old siding can give you an 84.3% ROI. Replacing windows with vinyl can also result in a 72.9% ROI. Although you may have to spend some money up front on high-quality materials, you’ll boost your property value massively.
One of the simplest and most effective ways to boost property value is with an attractive lawn. Make sure you cut away any weeds and lay it out with clean, green grass. Many homebuyers in Denver specifically look for curb appeal, so making your house look good from the outside can instantly add 20% or more to your property value.
2. Remodel Your Kitchen
The kitchen is one of the most important features people look for in a new home. Decking yours out with new appliances, plenty of storage space, and a clean look can result in a much-increased value.
According to Remodeling magazine, a $20,000 kitchen investment can result in up to an 80% ROI. That means you could instantly increase your home value by $16,000 just by upgrading the kitchen.
3. Improve Your Basement
Basements are another home feature highly sought after by homebuyers in the Denver area. But a damp, dusty basement won’t attract any high bids. Make sure you spruce up your basement to be the best it can be.
Clean your basement out and convert it into an extra family room, a play area for children or even a studio apartment. Offering extra living space that people can rent out will add massive value to your property.
4. Remodel Your Bathroom
An upgraded bathroom can also result in big returns. Spending around $16,000 on a bathroom upgrade can give you a 70% ROI.
Having a bath and shower combo will do wonders for you. Add in a fresh new sink and make the area nice, bright, and welcoming.
It’s essential to clean your bathroom before showing your home off to potential buyers. A dirty bathroom can turn any homebuyer off, but a fresh, modern looking bathroom will attract high sales.
5. Add A Bedroom
Of course, adding an extra bedroom can also help. Some families are eager to find a house with bedrooms for all the children.
One of the best ways to ensure a high property sale is by adding a master bedroom with ensuite. This can be a huge investment, potentially costing over a hundred thousand dollars, however, it’s also one that will result in returns of 50% or more.
An extension can be a time consuming and expensive project, so proceed with caution. However, if you have extra space- such as in the attic or basement- converting it into an extra bedroom will instantly make your property more valuable.
Home, Sweeter Home
Sometimes just cleaning up around the house, decluttering, and buying some new furniture can result in a higher value in the Denver area. However, if you really want to make the most of your property sale, work on these home improvements. They’ll make your home a whole lot nicer and give you a significant rise in your property value. Some home improvements may turn into a project that?s too big to handle, in which case, Striking Remodels by Bell? remodeling services will take care of the bigger projects on your ?Honey-do List.?
Bell Plumbing & Heating has been providing customers with plumbing and heating services since 1926, but that?s not all we do today. We also offer kitchen and bathroom remodeling services (we?ve been remodeling kitchens and bathrooms for over 50 years now), drain and sewer line services, and electrical repairs and installations. Visit us online at https://strikingremodels.com/