Whether you are looking to renovate your home for your own personal use or in hopes of selling it in the near future, you are probably taking the cost of the renovations as well as the probable return on your investment into consideration. While you likely will not get back every dollar you put into your house, these four renovations offer an excellent return on investment.
Painting is a quick, easy and inexpensive way to spruce up your home. Having your home professionally painted can brighten the space so your rooms look bigger or add personality to your rooms to create a look that is all your own. If you can do the painting yourself, you can really improve the look of your home for the cost of just a few gallons of paint. Remember to keep extra paint on hand for touch-ups!
Renovating the Kitchen
Kitchens often make or break the deal when people are looking to buy a home. Put your home on buyers’ short lists by offering an efficient and up-to-date kitchen with widespread appeal. Not only will buyers pay top dollar for an updated kitchen, but your home will sell faster too.
Finishing a Basement
By finishing your basement, you can upgrade a large portion of your home from “storage space” to “favorite place in the house.” A finished basement, especially one that has been waterproofed and comes with a warranty, can give you somewhere between a 50 to 100 percent return on investment. Even if you do not fully furnish and decorate the space, a basement with finished walls, floor and ceiling can really be a selling feature for your house.
Installing a Home Security System
If you are looking to improve a nice home where valuables and expensive belongings will be kept, a home security system may be your best bet. Vivint offers Newark home automation systems with video surveillance, remote access to locks and appliances, and severe weather alerts. While you may not recoup the costs of a home security system when selling, no price tag can be put on your family’s safety and peace of mind.
The recent housing market crash has put a real strain on people hoping to buy and sell their homes. Make sure your home sells and sells for the best price possible by making renovations that will help your bottom line at closing time.
This is a guest post written by Rose.
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