It’s a brand new year, and the perfect time to start new home improvements. Whether you’re looking to place your house on the market or just want to incorporate some new upgrades for your own comfort, it’s important to pick projects that will have biggest return when the time comes to sell your home. Many homeowners rush to remodel the kitchen or bathroom, but fail to look at other important renovations. Here are seven home upgrades that are worth the investment—and typically offer the best return for your money.
- New Front Door
Whether it’s adding a trendy, sliding barn door or a sleek steel entry door, experts say that you’ll regain as much as 90 percent of your investment by adding a new front door to your home. If you’re not a fan of the gunmetal look, you can add a faux wood grain finish for a cozier feel. Regardless, prospective buyers are willing to pay more than 13 percent of the asking price for house listings that include terms like “barn door” in the description.
- Kitchen Remodel
The kitchen is the heart of the home, so it’s no wonder that many homeowners start with a kitchen remodel. Your kitchen can never be over-equipped, and if you can’t tackle a full remodel, focus on upgrading cabinets and appliances. Take a look at your appliances, and consider making the switch to energy-efficient solutions. Upgrading to a more efficient fridge and freezer can help reduce your home’s energy bills, increase the aesthetic appeal of your kitchen, and keep your food fresher. What’s not to like?
- Attic Insulation
When compared with over two dozen home improvement projects, the number one home upgrade in 2017 was attic insulation. It isn’t expensive and tends to be one of the most overlooked projects, as it’s usually out of sight for homeowners. You don’t want to wait until you’re sporting a parka in your home before adding fiberglass insulation, which can bring over 100 percent return. Don’t wait—insulate.
- Garage Door Replacement
Let’s return to the exterior of your home. Upgrading to a sleeker garage door can bring an 85 percent return on your investment. A new garage door, often an afterthought when making home improvements, can make or break a potential buyer’s decision to view your home. If the exterior of your home isn’t visually appealing, buyers will wonder if the interior is the same. It won’t break the bank, and there are many options as to what kind and finish of door you get.
- Deck or Patio Addition
While you might need to request a permit to build a deck, adding one or extending your patio not only adds living space, it increases your home’s value. The incorporation of an outdoor living space or outdoor kitchen can see an average return of 80 percent. You’ll now have a wonderful space to host, entertain, and relax, and it won’t necessarily be expensive to build.
- Basement or Attic Remodel
Remodeling the basement and attic can offer a great return on investment. New insulation and flashy design upgrades are a great place to start, but don’t forget to consider your home’s heating and cooling system. It’s important to ensure your HVAC system is in proper working order, as an inefficient system could severely impact the usability and overall appeal of an attic or basement remodel. Understanding how your HVAC works—and whether it’s running properly—is a tall order. In these cases, it’s best to call in a professional. Many utility companies will offer a free to little-charge inspection to make sure your heating and cooling system is safe and up to date.
- Upgraded Landscaping
If your yard is looking worse for wear, curb appeal will suffer, causing potential buyers to drive right on by without a second glance. An overall landscape upgrade could bring you over 100 percent of your initial investment, and this project won’t take long to complete either. Plus, carefully placed shrubs and trees will keep your house shaded and cool, reducing your energy costs.
Renovating your home is exciting, but it’s important to take your time and pick the right upgrades for your family. Consider these home improvement projects and decide which best suit your needs and your budget.