Not every home remodeling project is going to add worth to your home. Some projects may make your home look nicer or make it more functional for you, but that doesn’t mean that you will see your money back from the project when you go to sell your home. Here are some home remodeling projects that will have you making the money in put in back plus more.
Kitchen Remodel
A kitchen remodel can cost anywhere from $10,000 - $100,000. If you remodel your kitchen correctly you can easily recoup the money from the project when you go to sell your home. The key to a kitchen remodel is to remember what neighborhood you live in and what the rest of your home is like.
If you live in a neighborhood where the average cost of a home is $150,000 you are not going to want to spend $75,000 on a kitchen remodel. You will not be able to get all that money back. Also, you need to look at your individual home as well. If you live in a small 3 bedroom home that is only worth $100,000 it doesn’t make sense to spend more than $20,000 or so on a kitchen remodel.
Be sure that you keep this in mind when picking out appliances, flooring, and countertops. You don’t want to end up with your kitchen being worth more than your whole house put together.
Add Curb Appeal
The outside of your home is the first thing that people see when they come to look at it to potentially buy it. If your home has no curb appeal people may already be put off and not show interest in it even if the inside is beautiful.
There are simple and inexpensive ways that you can add curb appeal and make your home worth more money than you spend. One of the best ways to do this is to paint the exterior. Another way is to have your yard professionally landscaped to highlight your house. Lastly, you can redo your porch to make more exciting or add some décor touches to the outside like flower boxes outside the windows.
Bathroom RemodelJust like a kitchen remodel you may be able to recoup all the money you put into the project and maybe even more. Bathroom remodels can have a high range of costs from anywhere from $5,000 - $75,000. Just like the kitchen remodel keep in mind your neighborhood as well as the rest of your home when remodeling the bathroom.
Keeping the décor as well as things like the shower, sinks, counters, and flooring up to date is a great way to add more worth to your home. An outdated or unclean bathroom may turn buyers off from buying your home.
These are just three home remodeling projects that will have your house worth more money than before you started. Always make sure that you are doing your research and that the being the most expensive house on the block is not always a good thing when it comes time to sell.
