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6 Home Improvements That Pay Off and Buyers Love

Nov 13, 2017 10:58PM ● Published by Paul Spear

6 Home Improvements That Pay Off and Buyers Love

It can be overwhelming to look at your home and see all the potential upgrades you could make. After you start adding up the what the upgrades may cost, how do you know what may be worth your investment and help sell your home? Here are six home improvements that pay off and buyers usually love.

1. Bathrooms are the Best Choice

One of the easiest ways to get the most for your money on average is a mid-range bathroom remodel. That means spending about $3,000 on improvements. With that you can replace the toilet and light fixtures and look at adding a new or double sink. If you have any of the money leftover you can update with a nice custom paint job. According to experts, on average, a bathroom remodel of this type results in a $1.71 increase in home value for every $1.00 spent on the project. 

2. Money in the Attic

according to Remodeling Magazine, adding fiberglass insulation to the attic is the only renovation that gets more than a 100 percent return on your investment. With a investment of just over $1,200 thr national average, the recoup is around $1,482, or a 116.9% return.

If you’re willing to go all-out, consider converting your attic into bedrooms. This is project that also offers you the potential for a high return. Experts say this upgrade offers as much as 84.3 percent return. If you happen to have exposed brick, play it up in your listing and this could get you nearly 5% above the expected listing price and help sell your house 36 days faster.

 

3. Spiff Up Your Front Entrance

According to U.S. News reports that simply updating the front door, weather you are painting it or installing a new front door, this can bring one of the highest returns of nearly any project, as much as 96%.

Another worthwhile investment is to add stone veneer around the bottom of the house. Whether you are replacing a few layers of siding or if you are doing it to cover a foundation that is exposed, this improvement pays off. The cost, at around $7,500, is a bit steep, but with the potential of as much as a 93% return and the added curb appeal of a clean front entrance could help bring even more money overall.

 

4. Minor Kitchen Updates

With kitchens so high on the priority list of potential buyers it makes kitchens a worthwhile place to spend some money on updates. According to Zillow, they estimate that a minor kitchen remodel could recoup 83% of your costs. Anything old and dated is a big turnoff to potential buyers and even small updates can payoff big. Replacing small things like the hardware on kitchen drawers and cabinets can take years off of an old or dated kitchen. Zillow offers a guide Essential Kitchen Updates Before You Sell that can be very helpful for this.

 

5. Replace or Dress up the Garage Door

Everyone always gets the front door and entrance as being a good investment but the garage door often gets overlooked. Sellers consider the garage door more of an investment but according to Remodeling Magazine the return is high and you can’t put a price on curb appeal. The nationwide average cost is $1,652 and has average return of 91%, or $1,512. If replacing the garage door feels overwhelming to you, put on a fresh coat of paint or stain. Covering all the wear, nicks and scratches can do wonders.

 

6. Update Exterior Siding

Although this is not particularly fun home improvement project and Engineered siding might not seem like a road to embark on, but updating it has a 78.6 percent return on your investment.

Remodeling Magazine puts it at an average investment of nearly $14,000, an initial hefty investment but you’ll recoup about $10,866 in selling price. A less expensive option is vinyl siding but the payoff also drops to about a 73% return.

 

 

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