Please follow and like us:
5 Simple Home Improvements to Increase You Home Value by myCAREexpert

5 Simple Home Improvements to Increase You Home Value by myCAREexpert

Some home improvements cost more than they are worth.  Here are 5 simple home improvements worth more than they cost!

 

Some projects will protect your dollars more than others if you’re planning to sell in a few years.  Invest your time and money wisely, and your home improvements can increase your home’s value.

The Data

Want to know how to get the most bang for your buck with a home remodel?  Check out Remodeling’s website.  Since 2002, this trade magazine for contractors and builders has been tracking common home improvement projects and how much of the cost of each project is recouped when the home sells.

We have analyzed the data from 2015, targeting the Pacific region, and below are the top 5 home improvements where you are likely to get the most return on your investment.

Front Door Replacement

Investors have been using this technique in recent years to hook homebuyers.  Remodeling magazine estimates replacing your front door can yield an estimated 123% return on your investment.  This simple and relatively inexpensive upgrade increases curb appeal, creates a “homey” feel, and can even offer insulation and energy saving benefits.

Garage Door Replacement

Surprisingly, the next best home improvement is replacing your garage door, with an estimated 110% return on investment.  A new garage door provides a big boost for your home’s curb appeal at a relatively modest cost.  Garage door manufacturers now offer so many options, including a wide color selection, patterns, windows and more to give your home a unique style and to freshen up your home’s exterior.

Manufactured Stone Veneer

It appears that homebuyers are mostly concerned with keeping up appearances.  The third most profitable home improvement also applies to the exterior of your home.  Manufactured stone veneer has an estimated 107.6% return on investment.  Install the manufactured stone veneer to the bottom third of your house to add texture, depth, and richness to the overall appearance of the home.

Minor Kitchen Remodel

We all know that kitchens and bathrooms sell homes, so it is no surprise to see a kitchen remodel in the top 5 list.  What might be surprising to some is that a minor kitchen remodel is estimated to return about 102.3% of your investments, whereas a major kitchen remodel will only return an estimated 81.1% of your investment.  Ditch the new custom cabinets and opt for painting or staining your cabinets or simply replace the cabinet doors (or “fronts”) while leaving the rest of the cabinet intact.  Replace or refinish your countertop, and a fresh coat of paint is all you need to revamp your kitchen space!

Deck Addition

Outdoor spaces and gardens are very popular these days as homeowners are getting back in touch with nature.  A deck addition will garner an estimated 101.2% return on your investment.  Create an outdoor oasis for gardening, barbequing, and relaxing on a sunny California afternoon.

Please follow and like us:

This article has 5 comments

  1. donsaun99@gmail.com

    Front door replacement might be the most relevant one since the front door is the one that gives your home a beter looking aspect in all ways, that’s true.

    • vhicks332@yahoo.com

      I have seen a lot of houses where the front door really stands out, and sometimes it is a good thing, and then other times it is a bad thing, and sometimes even a really bad thing. Just gotta be careful I guess.

  2. vhicks332@yahoo.com

    We had a real estate friend come over once and the first thing she said was that our garage was going to cost us a lot in the long run. I really had no idea what she was talking about, and then sure enough a couple years down the road I was quick to learn.

  3. Destiny

    Glad to see that we’re on the right track here even though we have no plans to sell anytime soon. The front door is relatively new, so that one’s out of the way already. 🙂 When it comes to the garage door… hmmmm, not so much, and ours should have been replaced 5 or 6 years ago, so that’s definitely on the agenda for the not so distant future. I know that one of these times it’s just going to refuse to open.

    Hubby has wanted to do the stone for a long time now, so at some point we’ll probably be doing that. When it comes to the kitchen though… well, I was planning on a full remodel, but these statistics may cause me to re-evaluate that decision. Interesting data on that for sure!

    And finally a deck… we really don’t have space for that, but we recently added a full cement carport, so I know that it added to the home value as well.

Leave a Comment