Are you thinking about selling your home or you just want to make some upgrades that are going to increase the value of your home? A lot of time making upgrades is all about personal style and need. However, the last thing you want to do is depreciate the value of your home. Sometimes that garage turned music room seems like a great idea but is it what buyers want? Well here are our top 5 best home improvements that you will ever make to your home.
A New Deck
Family cookouts, outdoor entertaining, and sunbathing as far as the eye can see. Buyers LOVE decks because they add additional space to the home for entertaining and living. A new deck will provide a solid return on investment. According to Remodeling Magazine, the upgrade will have an estimated 75% ROI. Plus, if you’re not looking to sell this is a great addition for you and your family to enjoy!
Not many houses in Florida have a basement, however, if you fly south for the winter and you are thinking about making this your permanent destination. Your winter home will sell much faster and for a lot more money with a finished basement. Fixing up the basement will add a whole new level of living space to your house and get you over 70% ROI, higher than a rehabbed kitchen or bathroom.
They say don’t judge a book by its cover, but that go for houses. Front door replacements have a high ROI, with 91.1% for steel doors and 82.3% for fiberglass doors. It’s crazy how much a front door can really add value and curb appeal to a house.
This isn’t the prettiest or most fun but it can add value to your home. Installing new insulation will score the highest ROI for your home: 116.9% return. Turns out buyers love a more energy efficient home! Even if you don’t sell right away or decide not to sell, new insulation will save you money in the long run, so it’s a win-win situation.
Plant a Tree
Not only is planting a tree incredibly cheap but it is also a good investment. A mature tree can add $1,000- $10,000 to the value of your home, according to the Council of Tree and Landscape Appraisers. Who knew money can literally grow on trees?