Home Improvement Projects: How to Get the Most ROI

Entry #3209, March 3, 2014

One major question most homeowners ask themselves is whether their home improvements will pay off. If you’re looking to sell your home now or in the future, note that the renovations you make will determine how much it sells for. While all renovations are important, some pay off more than others. It is therefore important to focus your efforts on those that pay off. Here are a few of the major home improvement projects to ensure you get the most ROI or return on your investment!

Home Improvement Projects: How to Get the Most ROI

Home improvements make your home stand out

Image via: D Magazine

Replacing the Front Door

A new front door not only improves your home’s curb appeal, it pays back well. It makes a great first impression on all who pass by. A 20-gauge steel door doesn’t cost much and requires less maintenance than a wood door. When buying a door, choose one based on aesthetics and not energy-efficiency. Studies have shown that doors actually lose less heat than the cracks around their frames.

Minor Kitchen Refurbishments

Cut costs by giving your kitchen a facelift

Image via: Eat Well 101

When remodeling your kitchen, restrain yourself. Avoid cabinets and choose laminate countertops instead of granite. Get a new kitchen sink, faucets, and appliances. The secret is to give the existing elements a facelift. Most kitchens can be renovated for less than $20,000 which is less than what most people pay for their cars. Many homebuyers are turning away from costly chef’s kitchens with top-of-the-range appliances.

Adding New Windows

New windows pay back handsomely. However, the ROI depends on the specific type of windows. If you are undecided between wood and vinyl, go for the one that is most common in your neighborhood. When buying energy-efficient windows, choose those recommended for your climate in order to optimize energy savings. Energy-efficient windows also qualify for federal tax credit.

Converting the Attic into a Bedroom

Converting an attic is one of the best home improvement projects

Image via: Skonahem

Converting your unused attic into an extra bedroom is one of the best home improvements you can make. While it is an expensive undertaking, it has a good return on investment. MSN Real Estate states that you can recoup up to 72.5 percent of your money. This project involves insulating the ceiling and walls, improving lighting and wiring, extending the air conditioning and heating, and adding a dormer, shower, and windows.

What home improvement projects can you think of starting this season?

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