If you have plans to sell your home soon, you’re probably preparing for some renovations to appeal to new homebuyers. Choosing remodeling projects with the highest return on investment (ROI) is essential. Otherwise, you could spend tens of thousands of dollars on a renovation that only adds a couple of thousands of dollars to your home’s value. Working with an experienced remodeling contractor can help you avoid costly mistakes. At Dahl Construction Company, they recommend the following projects for your Bayfield, WI, home to get the highest ROI.
Boost Your Home’s Resale Value With These Remodeling Projects
Add splashes of color to the front of your home and clear away overgrown shrubs and greenery, replacing them with small foundation plants to add vibrancy throughout the year. In the backyard, add a deck or patio to up outdoor living space. Landscaping, in general, has an estimated ROI of 105% while adding a deck is at about 90%.
2. Efficient Upgrades
Energy efficiency is key, as more homeowners than ever are concerned with their environmental footprint and costs of living. Installing insulation is an inexpensive project that brings 100% or more ROI while also reducing your utility bills. Replacing appliances is also wise, but don’t buy solely based on looks. Choose high-efficiency options to appeal to buyers and take advantage of tax incentives to further offset the cost.
3. Exterior Doors
Revamping your landscaping is one way to improve your home’s curb appeal, but don’t neglect your exterior doors. Replacing your entry and garage doors, for example, can have an ROI of 85% or higher. If swapping out these doors is out of your budget, consider a fresh coat of paint.
4. Kitchen Upgrades
Kitchen remodels are often recommended, but they don’t always add enough value to justify the cost. Unless you plan to stay in your home several more years, a major project that involves changing the layout isn’t recommended, as the ROI is only 60%. Instead, remodeling contractors recommend a minor makeover, which consists of upgrading countertops, refinishing existing cabinets, and updating light fixtures and hardware.
5. Bathroom Remodel
Bathroom renovations add much more value than kitchen renovations, with a minor remodel resulting in an ROI of over 100%, while a major remodel can result in over 90%. As such, you can choose which option makes the most sense for your home. For the former project, a remodeling contractor will retile the floor and shower, replace the toilet and bathtub, and upgrade the vanity. A major remodel usually involves expansion.
Preparing your home to sell is a lot of work, and while there are plenty of projects you can do yourself, you should leave major renovations to an experienced remodeling contractor. The general contractors at Dahl Construction Company have over 40 years of experience and can assist with home additions, roofing, and any other renovations. Visit them online to read testimonials from previous customers and call them today at (715) 779-3600 to request a free estimate.