Invest by Improving: 4 Home Renovations with a Great ROI

Invest by Improving: 4 Home Renovations with a Great ROI
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    The decision to do a home improvement is an important one.

    While many improvements are needed for personal and family reasons, while you are living in the house, you should also consider how the improvement will affect the home’s resale value.

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Not all improvement projects provide a good return on investment. Here are a few remodeling and updating projects that pay for themselves, and then some.

1. Install Energy-Efficient Heating and Cooling

Chances are, anyone considering purchasing your house in the future will look closely at the HVAC system to determine its condition. Swapping out your system for a newer, higher-efficiency system will provide a good return on investment for those people who want to avoid being hit with a bill for a new furnace in the early years of owning their home.

In addition, the energy-efficient system will ensure they pay lower energy bills throughout the year, which is a consideration for many homeowners. You can also find programmable thermostats that pause heating during the times of the day you are away to help homeowners save even more.

2. Replace Your Garage Door

Historically, replacing your garage door has provided one of the best returns on investment when selling your house. A new garage door gives your entire home an updated, well-cared-for look. In addition, you can choose from a variety of styles, colors and materials that will make your home look its best. An aesthetically pleasing garage door plays a huge role in your home’s curb appeal. Potential buyers will appreciate that this is one area of owning a home they will not have to worry about for many years.

3. Dress Up Your Entryway

Your home’s entryway creates the first impression for anyone who visits you. If the door is old and the trim is worn and chipped, it implies that the property is not well maintained. You can find a variety of door styles and materials at Shank Door and similar sites to help you find the perfect door for your needs. Hanging baskets or potted plants can also help your entryway be more welcoming.

4. Update Your Kitchen

A bright kitchen with new fixtures makes a big impression to potential buyers. However, it is unlikely that you recoup the entire amount of a comprehensive upgrade with pricey elements. Instead, your remodeling project should keep a close eye on the bottom line. Top of the line elements will not provide a good return on investment. Instead, use good quality materials in neutral styles and colors that will appeal to a broad range of potential buyers while not costing a fortune.

Looking to remodel or update your kitchen?

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Resale value should be a consideration when thinking about upgrades or remodeling projects for your home. If you choose your project carefully, you will be able to enjoy the improvement while you are in the home and will benefit from the increased value when you decide to sell.

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