Before you get started on a home improvement project, it’s important to consider what your return on investment will be. It’s not uncommon for a homeowner to spend a substantial amount of money on a new addition to their home just to find out that it didn’t actually provide an increase in value. There are several home improvements that can be made that will increase the resale value of your home, save you money in the long run or, quite possibly, both.
New vinyl siding provides an obvious benefit; it will make your home appear brand new. The dramatic impact on the curb appeal of your home will have a positive effect on potential buyers before they’ve even walked through the front door. Being a relatively low cost project, you can expect to recoup up to 80 percent of your initial investment, should you decide to sell your house. Vinyl siding is also extremely low maintenance and long lasting. Another factor to be considered is the savings that can be had on repainting your home. Vinyl is a very durable material that resists cracking and fading caused by the elements.
Installing replacement windows is a great place to start when making improvements to your home. New windows will substantially improve the curb appeal as well as create a persuasive selling point when negotiating with buyers. Replacement windows not only increase the resale value of your home but also provide an immediate return on investment through savings on energy costs. New windows make your house more energy efficient by better insulating your home. A detail that is often overlooked is that many new windows come with features that block the suns UV rays and as a result, protect your home’s furnishings from UV damage. Vinyl replacement windows are a fairly low cost option that come in a wide variety of styles to suit any of your needs.
It’s most important to make all the needed repairs, replacements or upgrades to your home’s major systems before any cosmetic or functional improvements. These would include your heating and cooling, electrical, plumbing, and sewage systems among others. In regards to putting your house on the market, potential buyers will want the reassurance that these systems won’t require any repairs or replacements soon after they make your house their new home. It would be very unfortunate to have the benefits of your home’s cosmetic additions negated by a faulty or outdated system. An upgraded air conditioning unit or water heater will run more efficiently and provide savings on your monthly utility bill. So before you decide to make your home more aesthetically pleasing, have these major systems inspected for any potential problems that need to be addressed.
If you’re considering what home improvements will be worthwhile to make, take a moment to decide which projects will actually provide the best return on investment. It’s never a good feeling when you find out that the money spent on an addition to your home is just that, money spent. By taking the time to do proper research and planning, you’ll be able to rest easy knowing the improvements made to your home will also be reflected in its overall value.