Which Improvements Bring the Best Return on Investment?

If you’re interested in adding value to your home before you sell, today’s message is for you.

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Not all improvements will bring as high a return as you might hope as you prepare to sell your home. When getting your property ready for the market, you need to be strategic in the upgrades and repairs you choose to invest in.

There are a few specific areas that will bring a high return on investment (or ROI).

To begin, make sure to spruce up your curb appeal. First impressions matter, which is why your home’s exterior is so critical to your success as a seller. However, don’t forget that less is more. Simple touches can go a long way in terms of adding value. The most important thing is that your yard is neat, tidy, and leads buyers to expect an equally inviting interior when they set foot indoors.

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Less is more.

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Also, make sure the color of your home’s exterior doesn’t hurt its overall value. Certain colors, like yellow, can decrease what buyers will pay for your home by thousands of dollars. Conversely, having a front door that’s painted the right shade can add thousands to your value. Researching and implementing current design trends can make a world of difference.

Moving on to your home’s interior, bathroom renovations bring some of the highest ROI of any project. Modest bathroom renovations will bring an average of $1.71 for every $1 spent. Making more extravagant renovations, though, is typically a poor choice. Over-improving your bathroom will generally cause you to lose money instead of gaining it. All in all, the key to upgrading your home before you sell is to strike a balance between “enough” and “too much.” Again, less is more.

If you have any other questions or would like more information, feel free to give us a call or send us an email. We look forward to hearing from you soon.