There are several home improvement projects can increase property value if done properly. Make your investments worth it from these remodeling tasks by creating a detailed plan. The key here is to set your priorities in place. In line with this, you should also allocate your resources accordingly.
Part of your primary objective is to make your property more appealing to prospective buyers. There should always be a balance between aesthetic appeal and functionality among your renovation or remodeling plans. Here are the following home improvement projects you may consider that may add property value:
1. Entry Door Replacement
Replacing your entry door can give you around 96.6% return of investment. Some of the best options for front doors are steel and fiberglass. There’s also wide variety of wood to choose from. The most durable types for exterior doors include oak, hardwood, walnut, maple, and mahogany.
2. Wood Deck Addition
A wood deck addition is another way to increase curb appeal. You can have this setup along the entryway or at the backyard. Use this extension to make your home look more inviting. You can add a few plants or comfortable seating for guests. If done successfully, this can recoup an average of 86% of the project’s cost upon resale. Before proceeding with the project, check the local building guidelines. Some states require a permit for these projects.
3. Basement Enhancement
While basement remodeling in Kansas City, MO is not usually cheap, this project is all worth it. If done successfully, it can give about 80 to 90% of the project’s cost upon resale. According to real estate investors, a well-designed basement is one of the best-selling points to homebuyers. Instead of making it as a plain storage space, try converting it to a guest room.
4. Kitchen Remodel
There’s no need to spend a fortune when remodeling the kitchen area. Minor upgrades can give you about 85 to 90% return on investment upon resale. In addition, an organized and tidy kitchen can be appealing to homebuyers. In fact, this is one of the areas they usually check. Since kitchens are one of the most functional areas of the house, the idea is to make it more spacious. One way to do this is to replace those bulky cabinets with mounted hanging shelves. This vertical storage place can save up a lot of floor spacing in the kitchen.
5. Attic Bedroom Conversion
Just like the basement area, the attic room conversion can make it more appealing to homebuyers. Since this area does not really require space extension or expanding the roof and foundation, it does not require big bucks to start the project and could recoup about 91% of the cost spent.
Choosing the Right Materials for your Projects
In any home improvement projects, choosing the right materials is crucial. Always go for quality and durability, especially for bigger renovations. Consider hiring a professional homebuilder for larger scale projects for better results. If you’re not certain, consult an interior designer, as well.