Chat with us, powered by LiveChat
Warning: htmlspecialchars(): charset `UTF-7' not supported, assuming utf-8 in /home/napm/public_html/wp-includes/formatting.php on line 4388
Mar
11

How to Get The Best ROI When Selling Your Home

Getting the best return on investment (ROI) from your home usually takes a combination of cleaning, organizing, and upgrading so that it looks the best it can. First, move the clutter, clean the carpets and wash the windows. Then move onto identifying the home improvement projects to make your home more attractive to others.

Remodeling Magazineis a respected publication for home renovators and it conducts an annual survey that identifies the home improvements that have the highest resale value. Their most recent statistics indicate that the appearance of the home and yard have thebest ROIfor home sellers.

Its rare for a home improvement to add more than 100 percent of its value to your home when you resell it. In reality, it rarely happens. As a home seller, you have choices to either bring your home up to the markets standards by making improvements or leaving it as it is and selling it for less.

Painting the home inside and out isnt normally considered remodeling. Itfalls under maintenance, as does roof repair, or appliance replacement. Remodeling upgrades are improvements that you dont have to make, but do so to improve the appearance of the home and your enjoyment of it.

Based on 2018, the best places to put your money include:

Garage Door

This feature topped the list for ROI. The average investment was $$3,470 with an ROI of 98.3 percent. A garage door makes a big impression from the street and since its the first thing people see when they visit your home, it makes a big impression. Upgrading the garage door is one of the least expensive things you can do to get a good ROI.

Stone Veneer

Manufactured stone veneer on the exterior averaged $8,221 with an ROI of 97.1 percent. The veneer is lightweight and comes in a variety of colors and types. Like a new garage door, it adds interest to the front view from the street.

Steel Front Door

Choose an insulated steel front door and get a 91.3 percent ROI from a $1,471 investment. Since these doors, garage doors and stone veneer are the top three improvements you can add to your home.

Decks

Most expensive but highly desirable, backyard decks averaged $10,950 in cost with an ROI of 82.8 percent. A deck expands your yard and makes it more livable, especially if your backyard has limitations for childrens play or pet areas. If the deck is off the kitchen or family room, it brings the outdoors in, which is another feature highly valued by home buyers.

Bottom Line

Get the best return from your home by having it as clean and uncluttered as possible. Improvements and additions that make it stand out from the street have a high ROI. Taking the outside of the home as seriously as you take the interior will assure a positive experience for the home buyers who view it.


Warning: htmlspecialchars(): charset `UTF-7' not supported, assuming utf-8 in /home/napm/public_html/wp-includes/formatting.php on line 4388