Selling your home can be highly rewarding with the right resources and information on your side. Knowing which home improvement projects are worth the investment for highest resale value can save you time and money. When considering a home improvement project, look at the return on investment (ROI). Spending money on the right projects can significantly boost your resale value and make your home more attractive to potential buyers. Here are three home improvement tips for resale.
If a home’s roof needs replacing, most buyers will not look beyond this no matter how superb the kitchen may be. The roof of a home is a large investment and one that a potential buyer will pass up for a house with a newer roof. A leaking roof with peeling shingles not only means tacking on the price of replacement to the sale price but to a buyer, it can also mean issues within a home’s foundation. If a roof has needed replacing for a long period of time, it could result in water or moisture getting trapped within a home’s walls, eventually leading to mildew or wood rot. Roof replacement is one of the best home improvement projects you can take on before trying to sell a house.
Home maintenance can eat up a lot of money before a buyer can even move into a new home. Buyers are wary about issues with basic systems, such as the roof, gutters, siding, or windows. Many take these systems for granted and are surprised when they discover the roof needs replacing. While interior remodels impress buyers and encourage splurging, problems within the basic features of a home can turn buyers off immediately. Roof replacement is a much larger deal breaker than an outdated but functioning bathroom or kitchen.
According to studies, replacing the roof before resale gives a 105% gain on average. That means the property owner will make back everything he or she puts into a roof replacement and more upon resale. In one report, roof replacement was the only home improvement project that returned more than it cost. While buyers may not expect a brand new roof, they do expect a roof that is working and free from leaks. Replacing an old, problematic roof can be the best solution for boosting property value and earning a positive ROI.
A home’s curb appeal is a major factor in deciding whether or not to purchase a property. Curb appeal relies on the landscaping, entryway, garage doors, and exterior of the home. New siding is one of the best ways to boost curb appeal and make your home more attractive to buyers. New vinyl, aluminum, cedar, stucco, cement board, or cultured stone siding can completely transform the look of a house. Nowadays there are plenty of color and material options for replacement siding, some offering more durability than others.
Replacing old, outdated siding isn’t just an aesthetic upgrade – it improves the security of the home by better protecting it from the elements. A home’s siding protects against rain, wind, and snow, keeping moisture from affecting the wood. Siding also acts as insulation, keeping a home warmer in the winter and cooler in the summer. It improves energy efficiency, taking some of the workloads off of the heating, ventilation, and air conditioning (HVAC) system. New siding is a great home improvement project investment to drive up the cost of a home and buyer interest.
Like the roof and siding, a home’s windows do double duty as both aesthetic and useful parts of a home. A property owner should replace old windows that may be drafty, brittle, and reduce the energy efficiency of a home. Most homes have windows on most or all sides, making them an important part of energy conservation. Replacing old windows with new, energy-efficient ones can not only increase the monetary value of the house but make living in it more enjoyable as well. New windows resist heat, meaning lower energy bills in the summer. They also add stylistic enhancement, revolutionizing the look and feel of a home.
Window replacement in the kitchen is a minor upgrade that serves this popular room well. The kitchen is one of the most important factors in the decision to purchase a home. Families spend a lot of time in the kitchen and want it to reflect their lifestyles. Window replacements are one kitchen upgrade that can persuade buyers to select one house over another. For experienced, competent, and reliable home improvement help in Ohio, get in touch with Able Roof.