3 home improvements that actually pay off

Ginger Dean

December 17, 2012

By: Ginger Dean, Home Finance Specialist

In: Bathroom RemodelingFlooringKitchen Remodel

As we round through the holidays, the spring home buyer season will be upon us pretty soon and now is the time to start planning your spring renovations. Renovations can often help bring an old and outdated home into modern contemporary awesomeness.

However, before you put aside any money for renovations, it is important to understand which renovations give you the best bang for your buck. When you are considering selling within the next 6 months or another time in the distant future it's best to make sure that each dollar brings you a solid return on your investment.

Below are home improvements that are sure to add value to your home while helping potential home buyers feel "at home" in your space:

1. Hardwood floors

Hardwood floors are an instant upgrade to your home because they scream sophistication and elegance when done properly. When you choose laminate or hardwood, this option can open up spaces and give the boost needed to push home buyers to spend the extra money because they perceive this as an upgrade worth paying for.

2. Kitchen remodel

The kitchen is the heart of the home and your buyers will start to imagine their lives here first. Start your kitchen remodel with the counters and cabinets, then finish with the back splash and sink. As for the appliances, you want to make sure they are all updated with stainless steel being the preferred finish. They should be the same finish and not mismatched as some owners will splurge on a new fridge but neglect to upgrade the stove and/or dishwasher

3. Master bathroom

This is often neglected on the reports you find on the "best" renovations that bring you the best bang for your buck. Think about it, do you care more about the siding or the master bathroom? Sure the siding gives great curb appeal but where will you spend more time? The master bath should be warm, modern and inviting, free of outdated tile or fixtures. Potential homeowners care about the areas where they will spend a lot of time. Master baths are starting to feel more like a mini spa/oasis, so you are best served by making sure yours feels like one.

As you begin to plan your renovations, pay attention and prioritize the upgrades that add value not only from a dollar for dollar perspective, but from the vantage point of a new homeowner. Where will they spend the most time? If you were buying your house, what upgrades would help you feel "at home?" Take these these into consideration and you'll have buyers falling in love with your home and opening their pocketbooks to give you bang for your renovation buck.


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