Eight Home Improvement Projects With A High ROI
With the cool weather coming in, this is the prime time to get all your projects in or around your home done. Many contractors and other pros often find this time of year to be a little slower, so you will have an easier time finding the right person for the job!
The National Association of Realtors has come up with these eight projects that are designed to add value to your home, easily and without breaking the bank! Check out these eight easy steps to maximize your ROI for when the time comes to sell.
1. Fix Window Leaks
Air gap around your windows could be driving your air conditioning bill up higher than it needs to be. Old or leaking windows can cause you to lose as much as 20% of the energy you use to heat and cool your home, which can also make it less comfortable as well.
There are two ways to fix window leaks: installing new replacement windows or installing weather stripping around your existing windows.
2. Remodel Your Basement
Remodeling your basement is a great way to increase your existing living space, without the hassle or expense of a major addition. Simply waterproofing your basement will help make the area livable, allowing you to simply paint the concrete walls and floors, and begin furnishing the room for less.
3. Remodel Your Bathroom
Bathrooms are among the most frequently used rooms in the home. During the humid summer months, older bathrooms can often become home to things like mold and mildew, which makes now the best time to start remodeling. A bathroom remodel, including all new fixtures, shower, and ceramic tile can recoup you around 64.8% at the time of resale, while making your home healthier and more functional at the same time.
4. Add Attic Insulation
Another way to help lower energy costs is to add some insulation to your attic. Most homes are under insulated, particularly in this area, which can contribute to higher energy costs. Insulating your attic will make your home more comfortable while saving you money on your AC bill this summer. Best of all, attic insulation recoups a whopping 107% at the time of resale.
5. Build a New Deck
Enjoy more time spent outdoors on a new wood deck. Decks increase your usable outdoor space, make entertaining easier, and have a rate of return at around 71.5%.
6. Replace Your Roof
After a long winter filled with ice dams, your roof may be in poor condition and in need of replacement. A new roof will help you recoup about 68.8% at the time of resale as well.
7. Replace Your Siding
Siding is just as important as your roof when it comes to both protecting your home from the elements, and to giving it its curb appeal. The nicer weather of the summer makes this the ideal time of year to take care of this important project. Replacing your siding can recoup you as much as 76.4% at the time of resale. Replacing your siding can also help you take care of other issues such as rotting fascia, and can improve the appearance of your home at the same time.
8. Universal Bathroom Design
Universal design is one of the newest trends that’s recouping costs in a big way. In many cases, universal design costs less than a complete bathroom remodel but can make your home easier to sell because it appeals to a wider group of people. Many things in a universal bathroom can be installed DIY for less, including lever handles on faucets and a universal height toilet.