The Top 5 Home Improvements That Increase the Value of Your Home

 Meta description: The five most popular investments for homes in terms of return on investment are replacing garage doors, replacing wood with composite decking, remodeling kitchens and basements, and installing new siding.

 Many homeowners view home improvements as sunk costs – things that will never be recouped. 

But that’s not really how it works in practice. If you spend money today, it will increase the value of your home when you sell it. Will sometimes be worth more than the price you paid. Whitney Homes has everything you need to make a big impact on the value of your home!

Here are the five best home improvements that will cause you to have a higher selling price for your house.

#1: Updated Garage Door

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Buyers understand that garage doors cause nothing but trouble. They are constantly breaking down, because of all the complicated gears and motors that they contain. 

There are some people who just get excited when they see a new door being installed in their garage. They get very excited because they think that they will get a huge discount for doing this. Many buyers are thrilled to be able to buy a new garage door as soon as they move in. They are excited to save money by not having to call a repair team out within a month. Installing a new garage door can cost you less than $2,000. In fact, you could get back nearly 100 percent of the money you paid. That means that the real price (if you do wind up selling your home) of a $1,500 door could be as little as $20.

#2: Wood Deck

Wooden or composite decking is becoming more popular as it is taking market share from traditional patios. Homeowners enjoy having guests for dinner or having a picnic in the back garden while they survey the land. It’s a great idea, and guests really enjoy sitting on the decking in their back gardens, looking over the garden. 

But a deck is worth more than just looking good. Like garage doors, decking is very worthwhile and offers impressive returns. 

What you get back depends on the property you purchase and the location. However, you could get back up to 83 percent.

#3: Kitchen Remodel

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Kitchens are often an attractive feature for buyers when they look at new properties. They either love it or hate it! It’s either they love their kitchen or they hate it. 

Traditional estate agents wouldn’t recommend full kitchen remodels, because it was thought that selling the house would bring the most money to the seller. Estate agents generally suggest that homeowners save money elsewhere or, at least, that they do a quick renovation. 

But new research suggests that some kitchen remodeling may actually be worthwhile. Remodeling magazine found that homeowners could expect to recoup 63 to 82 percent of their costs when they sell their homes.

#4: Remodel The Basement

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Basements don’t get much love from most modern homes. There are many things that make them unattractive, but when you consider the return on your investment, investing in them is a good idea. Basements are usually unattractive because of a couple of things: They may be filled with dangerous radon gas or they may be used for general storage. 

If you look at return-on-investment statistics, investing in a basement is like investing in a luxury car. A well-finished basement renovation can give you back 75 percent of the money that you invested. That’s not bad.

#5: Exterior Siding

You might want to consider investing in new siding. Installing new siding on the outside of your house can boost the curb appeal of your property by about 30 percent, encouraging potential buyers to spend more money! 

The average cost of adding siding to your home is around $12 per square foot. But, the average returns on investments in home improvement projects are around 75 percent. 

Find out how you can sell your house at a higher price and increase its value by visiting our website!