Thinking of selling your Central Ohio home in 2017? You might be considering undertaking some home improvement projects to spruce up your home and grab a little more money in your sale, but not all home improvement projects are created equal! Here are some of the projects the yield the best return on your investment.
Focus on Low-Cost, Big-Impact Home Improvement Projects
The most important thing to remember is to focus on projects that won’t cost you a lot up front, but will definitely be noticeable to buyers. Think painting, landscaping, refinishing, and replacing fixtures inside and outside of your home.
Improve Your Curb Appeal
Curb appeal might be the most important focus of selling your home—if it doesn’t look good from the street, no one will come inside to see more. So it’s no surprise that some of the improvement projects with the highest return on investment actually occur outside the home. This includes painting (with a 103.6% ROI), improving your landscaping with new sod, bushes, flowers, flower beds, or even trees (with a 100% ROI), or even replacing your roof (with a 105% ROI).
Other top (and easy) curb appeal improvement projects include replacing your front door, house numbers, or mailbox. A new garage door and new vinyl siding both had high ROI’s as well.
Small Renovations
Many homeowners are under the impression that a major home overhaul, such as renovating a bathroom or kitchen, or even adding an addition, will add major value to their home. And while this is true, it will also cost you a lot—usually more than you’ll get back.
So think of small renovations throughout the home, such as replacing light fixtures and plumbing fixtures, replacing tired or dirty carpeting, refinishing hardwoods (for a 100% ROI), or even adding hardwoods (for a 91% ROI). New insulation, energy-efficient windows, and improved heating and cooling systems are also good.
Partial Kitchen Renovation
Kitchens are a major buyer focus, so if yours is small or outdated, it might be worth spending a little extra renovation time and money here. Still think small—replacing hardware, refinishing cabinets, updating your sink and fixtures. Go a little bigger if you need to and consider a new appliance package, new countertops, and resilient flooring for a 98.5% ROI.
Partial Bathroom Renovation
Another top point of interest for buyers? Bathrooms. But again, start small with details such as new fixtures or sink, refinish your tub, maybe update your vanity. For a larger project that holds its ROI, completely replace the tub or toilet, and update your tile for a 102% ROI.
Thinking of Selling Your Central Ohio Home?
If you’re thinking of making 2017 the year you finally sell your home in Central Ohio, then it’s time to contact me. I can help you learn more about the home selling process, provide you with a wealth of important home-selling resources and information, and market your home to sell quickly and for top dollar.