Did you know that almost 58% of homeowners plan on spending money to improve their homes this year? If you’re one of them and you’re not sure which home improvement project to start first, it’s important to work with resale value in mind. Here are a few projects that can help you increase your home’s resale value in the long run.
Minor Bathroom Remodel
One of the most important spaces in your home is the bathroom. You spend a lot of time in there and it’s imperative that everything works properly. Bonus points if it looks nice. If you’re not sure which home improvement project you want to start first, fixing up your bathroom is a great place to start. The best part? You don’t even have to undergo a major remodeling project to get a great return on investment (ROI). In fact, a minor bathroom remodel can provide a whopping ROI of almost 102%. If you’re not sure what goes into a minor bathroom remodel, here are some ideas to help you get the ball rolling:
- Replace vanity and shower fixtures.
- Refinish vanity and cabinets.
- Recaulk and reglaze your bathtub.
- Apply a fresh coat of paint to the walls.
- Replace or remove old shower doors.
As you can see, it really doesn’t take that much effort to give your bathroom a makeover. With minor changes like this, you don’t have to worry about racking up a big debt on your credit card, either. And considering that almost 35% of your credit score depends on prompt bill payments, the less you use your credit to cover expenses the better.
Landscaping typically comes with an ROI of about 100%. It might be tempting to hire a designer to do all of the work for you, but there are plenty of landscaping projects that you can tackle with a few trusty gardening tools and a little bit of guidance from your local nursery. This is especially true if you just want to lay down a simple garden path or replace some of the less sightly plants that currently live in your garden. First, you’ll need to visit your local plant nursery. It’s likely that they’ll be able to offer free consulting services and help you find all the tools and plants you’ll need to achieve the curbside appeal of your dreams. If you’re not sure what constitutes a beautiful landscape, consider the following:
- Add a splash of color.
- Symmetry is everything.
- Vary plant heights in your garden.
- Add a focal point like a walkway or fountain.
- Replace tired shrubs with flowering plants.
Creating a beautiful front or back garden doesn’t have to cost a fortune to have a great ROI. Not only will you love coming home to the sight of your landscaping, but if you ever decide to sell your garden will do a lot of the talking for you.
Window and Door Replacements
Of all the projects we’re talking about here, this is likely the most expensive one. That being said, it still has an ROI of almost 90%. Fortunately, that means it’s a great investment for you to make. And considering that air leaks around old windows and doors can add almost 10% to your heating bills, replacing your windows could pretty immediately help you start saving money, too. Just make sure you’re investing in the right kind of windows for the climate you live in. If you live in a hotter climate, low-e glass can help reflect heat. In addition, double-pane windows are excellent for retaining your heating and cooling. Not only are you reducing your energy expenses, but you’re also investing in a more eco-friendly lifestyle by reducing the need to use so much energy on a daily basis.
When you want to increase the resale value of your home, you don’t have to spend a fortune. These simple home improvement projects can go a long way in terms of value. Often, that’s without spending an obscene amount of money, too.