If you’re considering putting your house up for sale, you might also be thinking about how you can get the best return on your investment. One of the best ways to increase the value of your home is by renovating for resale.
The thing is, each home improvement project you take on is somewhat of an investment in itself. Keeping that in mind, it’s important to consider that some home updates will yield a higher return on investment than others. Before you start renovations, consider which projects will actually pay off in the long-term.
Renovating for Resale: Home Updates That Pay Off
1. Install energy efficient windows
Even the most basic energy efficient replacement windows are likely to yield an average return on investment of up to 80 percent. They can also increase the value of your home by almost $12,000. This is true, even for average quality replacement windows.
This environmentally friendly home update can also save you a significant amount of money on heating and cooling costs. Homeowners can expect to see savings on their energy bills of about 15 percent following installation of energy efficient windows.
Ultra-savings and a huge return on investment? This upgrade is a no-brainer.
2. Next-level efficiency: install blinds that make your windows, even more, energy efficient
Energy efficient window coverings and treatments can reduce heating and cooling costs, while simultaneously increasing home comfort and privacy.
About 25 to 30 percent of residential heating and cooling energy use is related to heat gain and loss through windows. In today’s market, buyers are becoming more aware of the benefits of energy efficiency and are often willing to pay more for homes with “green” upgrades such as these.
Come time for resale, next-level efficiency could turn out to be a huge selling point.
3. Update your floors for resale value
Hard surface flooring is in demand right now. When it comes to reselling your home, this should be taken into consideration.
As far as resale renovations go, hardwood flooring is a safe bet, but it’s also expensive. If hardwood is not in your budget, consider some alternatives. Both modern tile and laminate flooring products are durable and fashionable, but considerably less expensive.
Faux hardwood tile is a great way to achieve the classic appearance of hardwood at a fraction of the price. Laminate flooring is very affordable, fairly easy to install, and looks extremely high quality when installed properly.
4. Professionally clean your carpet
While we know that hard flooring is a hot trend right now, there are still some places where carpet is just preferable. For those of you with carpet in your home who are not interested in replacement flooring, maintenance is key.
To avoid replacing carpeting before putting up a “for sale” sign, it’s important to take the necessary steps to increase longevity and protect your investment.
Click here to download our special steam cleaning offer from Bock’s Steam Star.
Consult With a Pro
If you’re looking for some more information on how to renovate for resale value, one of our experts would be happy to consult with you and discuss your options.