Regardless of whether you are looking to stay in your home, sell it in a year, or sell it in 20 years, it is important that you make smart investments when it comes to remodeling your home. Especially if you’re on a budget, it may be a good idea to consider remodeling certain areas instead of adding an in-ground pool; certain home remodeling projects offer a higher return on investment than others do, and here are the top three.
1. Kitchen remodel – Many buyers look at the kitchen as a deal maker, or breaker. This is the # 1 top home remodeling project sought after by current homeowners, and the room that will stand out most for home buyers. Buyers know that they will most likely be spending a good amount of time in the kitchen, so they won’t be fighting over a 3’x11’ crowded kitchen.
2. Bathroom remodel – After the kitchen, the bathrooms are the most important rooms in your home to consider remodeling; this is especially true of the master bath. If your home currently has only one bathroom, it would be smart to consider adding a second one. This will increase the value of your home and make it much more appealing to potential homebuyers.
3. Window replacement – Replacing all of the windows in your home could very well turn out to be a pricey endeavor, but it will pay off in the end. Not only will new windows improve the look of your home and enhance your curb appeal, but they can also help to lower energy costs, which is a definite plus in the eyes of a potential homebuyer.
For more information on home remodeling projects, check out Realtor.com.