Generally, homeowners undertake home improvement projects for one of two reasons: to enhance their quality of living, or to increase the value of their home. The best improvements, however, pay off whether staying or selling.
The projects worth the most of their investment are:
1. Boost Natural Light – Buyers love balanced, natural light— and you probably do, too! To make the most of the light entering your home, install ENERGY STAR®-qualified, no-leak skylights in the kitchen or bathrooms. Skylight blinds can help control the amount of light at any given time of day, giving you (and buyers) the ability to enhance the ambiance of the home.
2. Install a Deck – Whether seeking to spend more time outdoors or to attract potential buyers, adding a deck (or upgrading an existing one) can be well worth the cost. A composite deck can recoup up to 75 percent of its expense at resale, and a wooden deck can recoup up to 64 percent, according to Remodeling magazine’s Cost vs. Value Report.
3. Repaint the Exterior – Repainting the exterior of your home is a big job, but a valuable investment whether seeking to update its appearance or entice buyers. Your color choice can also affect your utility bills—lighter colors deflect heat from the home, for example. If you’re selling in the near future, a fresh coat of paint can help increase perceived value.
4. Update the Kitchen – Kitchens sell homes, and are also the center of most households. Even a minor kitchen remodel can recoup more than 83 percent of its cost at the time of resale, according to Remodeling magazine’s report. The most cost-effective projects are to replace old cabinet hardware, upgrade faucets and lighting, and invest in quality countertops.
Whether you plan to place your home on the market or intend to stay put for years to come, it pays to invest in improvements that boost both resale value and your enjoyment of your home.
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