If you’re thinking about selling your home at some point, you might want to consider which home upgrades will give you the most bang for your buck. While some home upgrades are worthwhile because they make your house more liveable and enjoyable, others have a higher return on investment (ROI) when it comes time to sell. From a purely financial perspective, here are the home upgrades that will add the most value to your property.
Renovating vs. Selling Your Home
There has been a shortage of affordable homes in this country for several years running. And this has prompted roughly 61% of homeowners to opt for home renovations instead of moving to a new home.
There’s nothing wrong with upgrading your home so that it meets your changing wants and needs. One survey from Houzz revealed that people are spending an average of $13,000 per year on various home remodeling projects.
Which Home Upgrades Are Worth It?
Even if you do opt for some home upgrades, you’ll want to make sure they add the most value to your home. So, which ones are worth it? Here are a few with the highest ROI:
1. Updating the Kitchen
Who doesn’t love an updated kitchen? It turns out that just about everyone would rather have a kitchen with all the modern amenities, including the latest styles and colors. But smaller kitchen remodels are better, with an average ROI of about 77.6%.
2. Finishing the Basement
If you have an unfinished basement in your home, you can get about 70% back on your money by transforming that into finished and usable space. But there’s more to consider. If you’re adding a bedroom or office, that remodel can push your home into a higher price bracket when it’s time to sell.
3. Landscape Your Yard
One of the best ways to fall in love with your home again and boost its curb appeal is by investing in landscaping. Even better, about 94% of real estate agents say that curb appeal influences your home’s value and has an effect on how fast a home will sell. You can invest in simple upgrades like shrubs and perennials that are attractive but simple to maintain.
4. Stone Veneer on Exterior
Another upgrade that makes the exterior of your home “pop” is a stone veneer on your outside walls. Instead of siding or stucco, this unique exterior feature can update your home. One study revealed that the ROI on this upgrade is about 92.1%.
5. Replace Your Roof
While getting a new roof may not be the most exciting upgrade, it’s the one with the highest ROI. Homeowners and new buyers alike want a home that is going to be safe, secure, and long-lasting. And the right roof, like a metal one, can also be aesthetically pleasing. The best news is that a new roof can have an ROI of an impressive 107%!
Excel Metal Roofing for Long-Lasting Quality Metal Roofs
When it comes to adding value to your home, you can’t go wrong with a metal roof. Excel Metal Roofing L.L.C. has been in the business of installing metal roofs throughout Missouri for over two decades.
No other company in the state has installed as many residential metal roofs as we have or places as much emphasis on quality and workmanship. Contact us today to learn more about our metal roofing options.