3 Key Home Renovations You May Not Have Thought Of That Will Pay Off Well When You Move
Regardless of your reason for renovating, whether you are planning to sell, or plan on enjoying the results for years to come, you may want to consider which upgrades will give you the greatest return in terms of resale value — which may change depending on where you live. Here are three awesome renovations to consider that will really make a difference to the overall value of your home.
Kitchen Remodel – Of Any Size
If you were wondering when we’d get to what is widely considered the most important room in the house, you’ll be happy to know that spending money on a minor kitchen remodel will actually produce a larger return than a major overhaul. What’s more, if you live in the Pacific, or South Atlantic regions of the United States, you will earn even more for your kitchen renovation – more than 100% actually! This will help you enjoy the fruits of your labor even more. Keep in mind, that a minor kitchen remodel is defined as using the existing cabinets, but replacing cabinet fronts and facings, hardware, appliances, sink, and floors.
Attic Insulation
While arguably not the most exciting upgrade to consider doing to your home, boosting the appeal and comfort of your attic through some extra insulation has the potential for a huge return. Actually, this minor renovation is currently earning back on average 117% of the cost to install across the United States. Making it a great option for those looking to increase their resale value fairly quickly and easily, I mean, who wouldn’t want to be up money at the end of the day?
Attic insulation plays a huge role in your home, from preventing ice dams in the winter to keeping your home cooler and more comfortable in the summer. This is why it can garner almost a 150% return in very hot or cold climates (ie New England or the Gulf Coast). However, regardless of where you live, if you are looking for a renovation that will impact your comfort and resale value – without breaking your bank, this is the one.
Stone Veneer
Since first impressions are absolutely crucial in real estate, it should be no surprise that one of the renovations on this list has to do with ramping up the curb appeal of your house. Manufactured stone veneer is extremely popular and is commonly used to replace the bottom third of siding on a home’s exterior to provide an earthy, modern touch.This is a great way to add a new look to the exterior of your home without doing a major overhaul.
Regardless what you decide to choose, keeping an eye on the resale value of your home when you renovate, even if you do not have any immediate plan on moving, will protect your home as the largest financial investment you will likely ever make. It will also ensure that the payback for these top home improvements is there for you when you need it.