Home Upgrades That Produce Highest Return On Investment

Posted by Carlos German on Saturday, February 22nd, 2014 at 2:42pm.

Looking for ways to increase the value of your home? Here are some key renovations to consider!

Bath

Adding a full bath to your home will give you an excellent return on investment. Depending on how much new plumbing is needed, it can cost between $5,000 and $10,000. If that's too steep, updated fixtures, paint, vanity and hardware will also go a long way.

Kitchen

A modest kitchen remodel can cost upward of 15,000. It's worth it. The kitchen is the heart of any home, and if it's fresh, modern, bright and welcoming, it can also be a key selling point. New countertops, cabinetry, hardware, lighting, appliances and flooring are all important targets for replacement!

Landscaping

Curb appeal is another investment that has a high return. Whether you're adding new plantings or sprucing up old ones, your landscape is the first thing a buyer sees. Mulching existing shrubs and flowerbeds, adding a focal point with a group of flowering trees or shrubs, even reseeding the lawn are all good ways to improve the look and appeal of your property, at a cost of a few hundred to a few thousand dollars.

Roof

Shingle roofs should be replaced every 20 to 50 years. If you're well inside that window, simply hiring a professional pressure-washing service to remove moss, mildew and dirt can make an older roof seem newer and well tended. Figure on a cost of $5-$8 per square foot for new asphalt shingles if they're needed.

Windows

Home buyers love high-quality replacement windows. They're not cheap, but their cost can be added onto the sale price of the home. You'll walk off with a good profit, and the new owners will reap the benefits of energy savings over time. Some replacement windows are eligible for government rebates in the form of tax deductions, so investigate what's available in your area!

Contact us for a free consultation so that you may find out what are the best upgrades you can make on your home. We'll help you decide on a course of action that fits your budget while improving your home's market value!

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