What are the best and worst home improvements you can make in terms of resale? There are a lot of good tips today, and thanks to extensive research, we believe that the best repair methods you’ll need to improve your home and the potential cost of sharing are as follows.
- If you are thinking about selling your home, it’s best to see if you can’t find a first-class broker!
Buy a bucket of paint. This is especially important if you have too bright or even outdated colors (you might think the color looks great, but others too?). Don’t forget to fix some of the flaws as well.
- Make sure all your projects are completed before the open house! It sounds like common sense, but you should always plan contingencies with home renovations!
The National Association of Realtors (NAR) recently conducted an annual survey and found that, on average, for every $1,000 spent on projects, homeowners return about $638.
What was surprising was that some of the past win-win bets were weaker than expected. Best example: If you turn the loft into another room, you’ll get an average of $831 for every $1,000 invested.
The most popular upgrades are kitchens and bathrooms. They are also the best return on investment in home improvement. Although the return is quite moderate: kitchens usually cost about $720, and bathrooms – about 710 dollars for every $1,000 invested.
If you really want to get more money than was originally invested, it is best to buy a sturdy insulated steel front door. If you spend $1,000 on such an upgrade, you’ll want $1,289 over and above your retail price!
Do you want to waste money? Then see where you score with the following bad repair options:
- Turn the bedroom into an office. You lose an average of $520 for every $1,000 invested!
- Purchase of an emergency generator. This “update” will cost you about $410 for every $1,000 invested.