Whether you’re looking to sell now or in the future, it is important to consider the return on investment (ROI) when making home improvements. Updating your home can range from bringing items up to current standards by adding new energy-efficient windows and doors, to purely making aesthetic improvements, says Nikki Kraemer of Nikki Kraemer Interiors. While most of Kraemer’s clients are concerned about the ROI, some simply make updates for their enjoyment with no concern for future resale value. However, if you want to get the biggest bang for your buck, consider these updates:
Flooring provides continuity in a home, and nothing dates a home faster than worn or outdated flooring. The thought of updating flooring can be overwhelming, but it doesn’t need to be. There are companies that will work from room to room, so the family can reside at home while the work is being done. It may take a little longer to complete and cost slightly more because the flooring company is moving furniture, but the end product will be the same-—an update that improves the look of the full interior.
The other two updates that consistently bring the best return on investment are kitchen and bath remodels. Along with updating kitchens, creating open-floor plans and sight-lines appeal to today’s buyers. Simple changes such as replacing appliances, lighting and fixtures can make an impact in kitchens and baths, and these can be accomplished through sweat-equity, depending on skill level.
If you’re unsure where to start to improve your home’s appearance and value, reach out to a professional, a real estate professional or interior designer for a consultation.