Home improvements top the list of ways to increase the selling price of your home. Whether you’re handy with a hammer or a checkbook, the top home improvements are those with the biggest return on investment. Learning to spot the top home improvements will help your remodeling dollar go farther.
Top Home Improvements: A Return On Investment
Keeping up with the Joneses (sort of). The key to maximizing your home improvement investment is to keep the amenities in your home at the same level as those of your neighbors and in similar homes close by. Check out local open houses and tour model homes in new developments to get a good idea of what the competition has to offer. Your goal is to meet, but not exceed, the level of features available in homes of your size and price range.
From the outside in. If you live in a house, you’ll get a better than 80% return on investment for upgrading the exterior of your home. The top home improvement to the exterior of your home is replacing older siding with energy efficient, low maintenance materials. Save money on your roof—upgraded roofing will only improve your selling price if the roof needed repairs in the first place. (more…)