Whether you’re preparing for the future or getting ready to sell a home now, it’s helpful to know which renovations will give you the best return on your investment. Some improvement projects will increase property value more than others. Before spending the time and money on remodeling, it’s important to identify what upgrades will let you set a higher asking price. Here are a few ideas that often pay for themselves in resale value.
3 Remodeling Projects That Can Increase Property Value
1. Update the Kitchen
Kitchens are the heart of a home, and one of the biggest factors when it comes to determining property value. As such, updating your kitchen can yield a significant return. Installing new countertops, purchasing energy efficient appliances, and painting the cabinets can add quite a bit of appeal.
2. Outdoor Living Space
Outdoor living spaces have become increasingly important to homebuyers over the years. Adding an outdoor living space is a great way to enhance the look of your yard while creating a space that’s ideal for relaxing and entertaining year-round. Consider incorporating unique features, like built-in benches, a fire pit, or an outdoor kitchen.
3. Replace the Siding
A great deal of emphasis is placed on curb appeal when it comes to selling a home, since this is the first impression potential buyers will receive. Replacing worn, outdated siding can go a long way in getting the offer you desire. This will not only make a difference in the appearance of your home’s exterior, but will also increase the comfort and efficiency of the interior.
Knowing which home improvement projects boost property value the most will allow you to plan your renovations accordingly. For additional advice on how to get top dollar for your listing, reach out to Big Journey Homes - Lauri Bauman. Serving the communities of Denton, Lake Dallas, Frisco, Flower Mound, Argyle, McKinney, and Corinth, TX, for close to two decades, she has helped numerous homebuyers and sellers achieve their real estate goals. Contact her at (940) 321-5111 or text her at (214) 566-1088 to schedule a time to meet. You can also visit her online to get a home valuation.