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If you plan to sell your home within five years, it is important to properly maintain it to uphold its value. Aside from maintenance, you can further increase its value with smart home improvements that will offer a high return on your investment because they appeal to many buyers. Even if home prices have dropped in your area, these kinds of improvements will help retain property value. Here are some ideas to consider.
1. Door replacement. An attractive entry door creates a solid first impression. Replacement doors can return nearly 90% of your investment, according to a joint study by Remodeling Magazine and REALTOR Magazine.
2. Room additions. Depending on your budget, you can add a bedroom, bathroom, living space or simply maximize existing rooms in your home by using space-saving appliances and fixtures.
3. Outdoor living space. In addition to a spacious interior, buyers also love patios, decks and gathering areas outside the home. A new wood deck, for example, creates added space plus a 77% return on investment.
4. Storage. Adequate storage is a big selling point. If your home lacks storage, add closet organizers to maximize the existing storage space.
5. Lighting. Evaluate your home for well-lit rooms and modern lighting fixtures, and make upgrades where needed to increase property value.
6. Siding replacement. Siding can give your home a new look and provide better energy efficiency and protection against water damage. With siding replacement, you can expect a 72% return on investment, research shows.
7. Window replacement. Replacing Connecticut windows is another effective way to boost property value. Buyers are most concerned with appearance and efficiency, and quality windows can be rewarded with a 72% return.
Renewal by Andersen® of Westchester would be happy to help you choose doors and windows in Connecticut that will increase your home’s value and give you a high return on investment. Feel free to contact us at (866) 609-5033 to get started.