When we have retirement on our minds: our homes are often the nest egg that comes up first. We put our money and time into ensuring these properties are well maintained and gaining value: but remodels can only push this value further.
If you’re interested in high-value remodels and want to ensure you get the most money for what you’re doing, these are the top remodels you should consider completing!
Updating Your Older Roof
How old is your roof? If you’re planning on selling within the next five to ten years, it’s a good idea to consider the age of your roof and how it makes your property look. Not only does it affect curb appeal, but it will also change the monetary value of your home since a buyer knows that an older roof is something they’ll have to take care of sooner than later.
Use these older tiles as an excuse not only to update the look of your roof but also the style of your entire home. This could mean looking into a type like slate roofing, which have become popular in recent years and are only gaining steam as they go. You can pick unique colors and styles that will allow your home to stand out amongst the competition.
Add A Deck for Outdoor Lounging
More people want to have outdoor spaces now than ever before. But, unfortunately, in recent years, we’ve all felt the strain of being stuck at home, so you must offer a clear area where someone can envision themselves and their loved ones spending time outdoors in the fresh air.
Adding a deck or other special outdoor space allows your home to stand out and have something that’s a hot commodity. Just make sure to pair your deck with a good railing option such as welded wire deck railing. These can be time-intensive to put in, but the payoff is worth it since they can add an average of $25,000 to your resale value.
Ensuring Your Floors Dazzle
As buyers make their way through your property, they’ll be looking at all of the details that make them interested or that put them off about a property. Your floors are a long-term investment that has to be made for your property to succeed on the market. The best option to choose for longevity and attractiveness would be a faux hardwood floor. This type of flooring comes in a large range of styles, colors, and attractive finishes that ensure that your floors can look however you want them to and will last as long as you need them to.
The fantastic thing about faux hardwood is that it’s not susceptible to water or scratching the way real hardwood flooring is, so you don’t have to worry about refinishing it or fixing it when you move out.
Keep Your HVAC System on the Cutting Edge
The air we breathe affects every part of our lives. Keeping your HVAC system up to date and well maintained allows you to ensure that heating and cooling costs are down and allergens are kept out of the air.
The best way to sell this to buyers is to add something interesting like new electric heating options such as radiant floor heating paired with a radiant heating thermostat to take your property to the next level. Smart devices like these allow homeowners to control their HVAC system regardless of where they are and will enable them to keep heating and cooling bills as low as possible.
Minor Kitchen Remodels Go A Long Way
Although a large kitchen remodel can be fantastic: you’ll make more money back from a minor kitchen remodel. Even simply updating your floors and painting or staining your cabinets can add almost $20,000 to the value of your property.
You don’t have to go all the way, especially since this will lose you money in the long run, but you can put the time and effort in to make your small remodel count. In addition, this will save you money that you can put towards other remodels throughout your property.
Replace Dingy Garage Doors
Surprisingly, updating your garage door is one of the best resale cost recoup updates you can do! The average homeowner makes back around 99% of what they put into updating their garage door, which means you can boost your home’s value even more! Consider looking into garage door replacement costs, and think about what style would work best for your home. Although there are many options out there, it’s a good idea to look into which would work best for your property and the weather and hazards in your area.
Your Home Should Always be an Investment
Even if your retirement is thirty to forty years away: everything you do when updating your home should be an investment. Our homes are the largest investments many of us will make in our lives, so it’s our responsibility to take care of them and ensure they keep that value.
If you need help with your retirement account, a capital gain tax issue, investing or management of your real estate, feel free to contact Sol Mar REI, LLC.
Sam Willis is a contributor to Innovative Building Materials. He is a blogger and content writer for the real estate industry. Sam is focused on helping fellow homeowners, contractors, and architects discover materials and methods of construction that increase property value, maximize energy savings, and turn houses into homes.