If you want to get your money's worth out of home renovations, you don't have to undertake a costly overhaul. Instead, many projects can be done to enhance your house for a bit of cost and in a short amount of time. Here, we discuss ways to increase your home's worth via renovations.
We have compiled a list of the five greatest return on investment (ROI) home upgrades, whether you want to sell your home soon or make it more valuable.
1. Garage Door Replacement
Incredibly, a homeowner may recoup almost all their garage door repair costs via increased property value. According to the study, replacing a garage door may significantly improve a home's resale value and exterior appeal. As an added bonus, it yields substantial profits during the property sale. Spending $3,000 on a garage door will increase the value of your property by $2,925. According to the data shown here, garage doors are an integral feature of every house. Therefore homeowners should give them the attention they deserve.
2. Manufactured Stone Veneer
Kitchen and bathroom renovations may take a lot of time and money, but there are other ways to make your investment pay off, such as installing synthetic stone veneers to improve the property's curb appeal. Installing a moderately priced stone veneer will cost $8,907, but you may expect to recoup approximately 95% of that cost when you sell the house. The plan is to install 300 square feet of artificial stone veneer over the bottom third of the home's street-facing exterior.
3. Minor Kitchen Remodel
The return on investment for even modest kitchen renovations has consistently been relatively high. Even in this shaky economy, updating your kitchen with a few key features makes sense. Improvements such as painting the cabinets, installing a new countertop, or purchasing new appliances may significantly affect your home's value. The most significant thing is that little changes to your kitchen won't impact your daily life.