If you are thinking about selling your home, you need to keep in mind what home renovations you need to carry out to improve value of your property and sell it fast.
Home improvement projects can be categorized into three buckets:
- Maintenance focused
- Presentation focused
- Upgrades focused
Maintenance focused renovations are carried out to ensure that basic issues like roofing, Electrics and plumbing are in working order and the buyer need to worry about the maintenance costs.
Presentation focused renovations focus on providing necessary uplift to your interior and exterior to make a lasting impression on the prospective buyers. These renovations mainly include fixing of driveway, and painting.
Upgrade focused project can vary in nature and return on investment can be varied depending on the market situation.
As per remodeling magazine’s 2018 cost vs value report minor kitchen remodel, Addition of wood floor, garage door replacement, Entry door replacement, Basement can deliver 90% and above ROI.
These trends may vary depending on the area, so it is always advisable to consult a qualified realtor who can guide you, which home improvement projects you should start to maximize return on investment in shortest possible time.