Trying to sell or thinking about it?
Home prices may be up in your neighborhood — more reason to invest in your home to get the best price if you’re planning to sell. Despite what conventional wisdom says, most of the home improvement projects with the greatest return on investment are not so glamorous. Did you know a new front door ranks at the top of the list? According to a recent report from Remodeling magazine, sellers recoup 66 cents of every $1 they spend on the average remodeling project.
Before you splurge, consider these three upgrades and fixes. They won’t break the bank, but could pay off and help you clinch a deal if you’re serious about selling:
1. Create space. Knock out a non-structural wall, or remove that kitchen island. Anything that opens space and creates a sense of flow is advantageous.
2. Prune and landscape. Tangled trees and unkempt bushes can obscure views and darken interiors.
3. Address the basics. Insulate the attic, repair plumbing leaks or replace rusty rain gutters. These fixes can go a long way toward boosting value.
If improving resale value and recovering remodeling costs are important to you, consult with a real estate agent first, then make it happen with a home equity loan from Navigator Credit Union. Learn more here.
RENOVATIONS WITH THE GREATEST RETURN ON INVESTMENT
If you’re considering a home improvement project to boost the quality and appeal of your home, here are some ideas that will give you the biggest bang for your buck.*
* Source: Remodeling magazine 2014 Cost vs. Value report, www.remodeling.hw.net/cost-vs-value/2014/