Renovations That Get The Most Bang For Your Buck

by Kolton Villa

If you’re going to dedicate the time and money to making home improvements, you may as well make sure the projects will bring in a decent return on investment.

If you’re looking for projects you can do around the house, these will bring in the most bang for your buck:

Minor Bathroom Remodel Doing a simple update of a bathroom can get you a 102% return on investment. It does not have to be an expensive or invasive project to bring in a significant return. This could be as easy as retiling a bathtub with decorative and trendy tiles, installing a new vanity, or replacing the flooring. An easy remodel like this will actually get you a higher ROI than doing a full bathroom remodel.

Paint

Nothing brings a feeling of freshness to a home like a new coat of paint. Paint will make a space seem cleaner and brighter. Hiring a professional can be expensive, so you could do this yourself if you are on a tight budget. A gallon of paint and the supplies to go with it will cost you around $75, and you would get all of that back and more if you were to sell your home.

Adding Landscaping

Planting some annual flowers or a few shrubs will give your curb appeal a boost and increase your home value. According to the National Association of Realtors, desirable curb appeal can increase a home’s value by 7%. This is an easy afternoon project and does not need to cost a lot of money. If you have a green thumb, you can visit your local nursery and buy whatever is on the clearance. You can often find plants for less than $5 each and have them all planted within a couple of hours.

Install or Refinish Hardwood Floors

Old, worn-out flooring is a major turnoff. If you have pets or kids who have damaged your floors, you should consider installing hardwood. Hardwood floors are classic, and homebuyers love them. Refinishing hardwood floors will recover 100% of the cost when you sell the home, while installing new hardwood floors will recoup 106% of the cost.

Let’s Get To Work Whether you’re looking to list your home for sale or want to freshen up your home, these inexpensive projects will do the trick. They should only take a couple of hours to complete, so you can easily get them done this weekend.

If you are working on your home with the hopes of putting it up for sale in the near future, let’s talk. We’d be happy to offer our expert opinion on different home renovation projects and how much they could increase your home’s value.

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