WarrenBoynton Blog

Home renovations with the highest return on investment

10/16/2019

If you’re wanting to make updates to your home, it’s worth considering the return on investment in doing so. Some areas of your home will benefit more than others. 

 

Curbside appeal is everything 

You want potential buyers to be immediately impressed by your home otherwise they might keep driving and never step inside. Tidying up the lawn, cutting down any dead trees or bushes, pots filled with flowers on the front doorstep and even a fresh coat of paint or the addition of stone (or better still, and cheaper, veneer) frontage could make all the difference. 

 

Open and shut 

It may not be the first thing on your upgrade list, but a garage door could be one of the highest returns you can get when it comes to renovating your home. You’ll get back almost all of what you spent. 

 

Front door fashion

Staying outside, a good-looking front door is key to closing a sale. You’re also likely to recoup the cost of an entirely new door or a coat of fresh paint and up-to-date hardware. 

 

Don’t skimp on the backyard 

If your deck has seen better days now’s the time to put in a new one or, if the budget is tight, power wash, sand, and re-stain before winter sets in. 

 

There’s still more outside 

There might not be anything exciting about replacing siding, but it can make a big impact on the overall value of your home.

 

New windows will make all the difference 

If it’s in the budget, and your windows need replacing, you should think about doing so. Buyers will be looking at the quality of your windows and new ones will not only impress but also bring you higher return on investment. 

 

Kitchen refit 

Rather than gutting your entire kitchen there are small things you can do to make a big difference. For example, updating the countertops, painting or replacing the cabinet doors, new flooring, swapping out the old appliances for stainless steel ones, and adding a neutral backsplash will all go some way to freshening the space. 

 

Bathroom ease 

Nowadays buyers expect double vanity sinks, a walk-in shower, and whirlpool tub. If your bathroom is lacking any of these, you might want to invest your hard-earned cash here if you want to sell your home for top dollar. 

 

Don’t be reluctant about replacing your roof 

We get it, there’s nothing ‘exciting’ about replacing a roof, however, when you’re looking at return on investment this is an essential upgrade.

 

We offer personal loans for home improvement so stop by one of our branches in New Berlin, Springfield, Modesto, or Palmyra to speak with our loan officers. We’re here to help! Visit https://www.wbsb.net/personal-banking/personal-loans/ for more information. 


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