Boost Your Home’s Resale Value with These Renovations
By guest blogger Seth Murphy, PapaDIY.com.
Image via Pexels
When it comes to being a homeowner, you do everything you can to save money. You shop around for the best price on insurance. You preserve energy by turning your lights off and keeping your water heater maximum temperature at 120 degrees F. As a responsible homeowner, you understand the value of doing every little thing you can around the house to cut down costs. So when it comes to home renovations, don’t you want to invest in the things that add to its resale value?
Fortunately, there are lots of projects out there that do just this. Many of them even recoup the costs of undertaking the enterprise once your house is on the market. Below are some of the best renovations homeowners can do to add to the resale value of the house.
While what’s on the inside counts, that doesn’t mean you should neglect your home’s curb appeal. Doing everything you can to make the outside appealing attracts buyers and eventually gets you those high bids you are after. Landscaping is a great way to improve the curb appeal of your home. A landscape architect can work with you and help you plan a design that is both beautiful and functional. Having a plan is essential for a successful landscaping project. It will help keep you on track and within your budget.
There are a lot of landscaping trends to consider, but we really love the idea of working with local flora and natural landscaping. Landscaping with native wildflowers and grasses is environmentally beneficial as you don’t have to work with fertilizers, herbicides, pesticides, or irrigation. Local plants also attract pollinators like bees and butterflies as well as a variety of birds and other animals. Native landscaping requires less daily maintenance and helps your house stand out in the market. Talk with your landscaping architect about using local grasses and flowers to find out what native garden options work best for your particular region.
Replace Your Roof
A new roof is both beautiful and functional, but it’s not always necessary. When deciding whether or not your roof needs repair, it’s best to get a second, third, and even fourth opinion on the topic. Bring in two to three different roofing contractors to evaluate the wear and tear of your roof and provide estimates on what it will cost to repair. If the evaluations show your home could really use a roof update, don’t fret. The money you spend on a new roof can be redeemed when your house is on the market. The return on investment for a roof replacement averages 53.4% for a full replacement and 61.7% for a minor rehab.
Add an Outdoor Living Area
An outdoor living area in the backyard is the kind of extra feature that helps your home stand out for potential buyers. Plus, homeowners can recoup more than eighty percent of the cost of installing a deck at sale time. Just like with landscaping, you want to create a plan before you start executing your new outdoor recreational space. Consider adding cool features like benches with built-in storage or a fire pit for added functionality. Before you begin building, always check your city’s codes regarding these kinds of additions. Also be sure to use high grade materials when building your deck to ensure it lasts a long time and can withstand the elements.
When it comes to renovations around the house, the smart homeowner knows to invest in the ones that will add to the resale value. Landscaping adds to the home’s curb appeal, which is essential for creating market interest. A new roof isn’t an exciting project, but it has a good return on investment. Finally, fun features like an outdoor living area can help your house stand out in the market.
Seth Murphy first got into doing DIY projects to save money, but over time he has developed a real passion for this hands-on, intensive work. He knows DIY can be intimidating so he created PapaDIY.com to share tips and help others with their own endeavors.