It’s that time. You’re looking around your home and you know something needs to change. You just don’t know what. Of course, you could do a thousand things but you need to take on the projects that matter. You need to take on the projects that give you the sense of “home” you’re looking for as well as give a good return on your investment for the future. So it’s about smart changes and upgrades that leave your asset value going through the roof. Let’s dive into what those smart changes are!
First of all, you need to ask yourself if you’re looking to make big changes, or just some simple changes to keep the home updated and increase it’s value. If you are looking to add some value to your home, but don’t want to pour your savings into a complete remodel, going with replacement projects are sure to bring you the highest return on investment.
Replacement projects are perfect quick solutions because they’re affordable and instantly transform the aesthetic of the house. Just see for yourself. If you buy new windows, new siding and replace the front door with a modern wooden accent door, the house will look great and sell faster for an even higher price!
Here are the top ways you can upgrade your home to more beautiful and definitely more valuable. Some are big and ambitions and some stylish and smart. You decide which ones grab you most and then go with it!
Entry Door: Replace your entry door with a midlevel 20-gauge steel door is an inexpensive upgrade at $1,238 on average, but it pays back 73% and greatly improves curb appeal.
Attic Remodel: The Census Bureau says 18% of American households are doubled up now, up from 17% in 2008.) An attic remodel is the cheapest way to add space and a bathroom within the house. A basement remodel is the next most cost-efficient way to add living space, although code requirements for headroom and exterior doors make that project more complicated and more expensive, Alfano says.
Siding: Replace your exterior siding with upscale fiber cement. The most cost-effective thing you can do to your home this year is to replace old siding with new, higher-end fiber cement.