Remodeling your house pays off two ways: It increases your enjoyment of the home now and enhances its value when it comes time to sell. But some changes reap more benefit than others. The amount of return you get on what you’ve spent also depends on your location and the condition of the housing market at the time you sell. At the very least, improvements help your house beat the competition in a slow housing market. If you can’t do home improvements yourself, you will need a builder. For a great builder in London, click here.
Virtually every list of remodeling projects puts bathrooms close to the top. You can do as little as replacing the faucets to as much as an entire gut rehab that includes new flooring, vanities, toilet, garden tub and freestanding shower, as in this ultra-modern bathroom. You will probably get from 75 percent to 100 percent of your costs back when you sell and boost your value accordingly.
Kitchens are right up there with bathrooms as one of the remodels most likely to recoup the majority of your cost and increase your bottom line on the sales contract. Updates range from replacing cabinet fronts and hardware to installing new counters, flooring, sink, faucets and wallcovering or paint. For a result like this bright, up-to-date kitchen, you’ll likely see your value jump from 75 to nearly 100 percent of what you spent on the remodel.
Adding new, energy-efficient appliances like air conditioning to a kitchen remodel ups the ante and is likely to push you closer to the nearly 100 percent number when it comes to how much it increases your home’s value at selling time. Sparkling stainless steel appliances that also serve a purpose, like a new stove, makes a good visual impression and also appeal to the idea of efficiency.
Flooring is one of the first things noticed by home buyers. They love bedrooms such as this, with the clean look of hardwood. With the increased popularity of hardwood flooring, it’s likely to give your selling price a nudge, or at least make your house more appealing, a real plus in a down housing market.
Anyone who has ever sold a house knows that the real estate agent’s mantra is curb appeal, curb appeal, curb appeal, illustrated by the inviting look in this photo. Replacing or renovating your front door, one of the first impressions buyers get of your house, is an obvious way to boost your sales price. It’s also likely to recoup just about 100 percent of what you paid for it.
It’s said that the eyes are the windows into the soul, and likewise windows let you see into the soul of a house. Whether you choose to upgrade your windows in wood, as the ones shown here framing a spectacular mountain view, or with efficient vinyl, you can expect to boost your sales price by about 80 percent of what the improvement costs.
The modern lifestyle flows from the inside of a house almost seamlessly to the outside. A classy deck like this one adds enormously to the appeal and value of your house, in the neighborhood of around 80 percent of its cost when you decide to sell.