Best ways to increase your home value this year

Best ways to increase your home value this year

If you are thinking of taking on a remodeling project this year, it makes sense to tackle the projects that are going to give you the most return on your investment. This payoff can be two-pronged; improvements can bring you and your family personal enjoyment and an enhanced living situation, and improvements can bring a higher price for your home when it’s time to sell.

While your family’s needs may be unique, there is data to support recognized return on investment percentages in today’s market. These percentages tell how much of the expense of the project will be recouped upon resale.

Make it appealing from the outside

Adding stone veneer to the front of your house or replacing your garage door are very high ROI projects; both show a return of over 90% of the money spent. Replacing your front door, touching up exterior paint or replacing the siding are also high-return projects for resale.

Make it bigger

More finished square footage equals more value, when all things are equal. Adding a room or finishing a basement are both great options here. Adding bathrooms is always a plus, but keep in mind that a full bath has a higher return on investment than adding a half bath.

Make it appealing on the inside

         Kitchens and bathroom renovations are also high ROI improvements. Kitchens lead the way, as they are higher traffic areas and lend themselves to more aesthetic options. When remodeling, think about color and style choices that are universally appealing, and widen your potential buying pool.

Speaking of pools….keep in mind regional differences

         Different home features are more or less important to buyers depending on the geographical region. Here in New England, window replacements are a better investment in terms of resale return than is an in-ground pool. At Belanger Built, we have over thirty years of experience in the New Hampshire area, and we can help you navigate the ins and outs of home improvements. Let our knowledge be your asset, and contact us about your home improvement needs. We would love to help you.