Are you getting ready to sell your home? Did you just buy your home?
These are questions that may have a similar answer when it comes to home renovation projects. There are many home renovation projects that you can do, and they fall into a few different categories. Some projects you should consider if you are ready to sell your home. These should be projects that will increase your resale value and / or make home easier to sell. Others are projects that you should undertake only if you plan to stay in your home. And you should do these projects for your own enjoyment, not to increase the resale value.
The top renovation projects that make financial sense are:
Upgrading Your Landscaping
Installing a New Roof
Hardwood Floors
Install a Deck or Patio
Let’s talk about landscaping. Think about when you were last shopping for a new home. You probably saw homes that had neat, clean and up to date landscaping. And you probably also saw homes that had little or no landscaping or overgrown landscaping. There may have been a few flagstones laid on the grass leading to the front door, or a nice paver walkway. Also there may have been a concrete walkway, either in good, clean condition, or in poor condition with broken concrete or in dire need of a power washing. Which homes did you see that were attractive to you? Make your home look like the ones you were attracted to.
What condition is your roof in? Do you have missing or curling shingles? Is it covered in moss? Whether or not you plan to remain in the house, it’s time to replace it.
Do you have hardwood floors? If yes, what condition are they in? If they need to be refinished, do so. If you are staying put, install hardwood only if you like hardwood. If you are selling, buyers love hardwood.
Does your house have a patio or a deck in back? If not, consider adding one. You will probably get the cost back at resale time, and it will probably make the house easier to sell. To discuss this more, please call me, Art Reiman, Realtor at 732-598-7700 or visit me online at www.BunnyandArt.com .
There are other projects you should do for your own enjoyment, but don’t look for a good return on investment from an extensive (and expensive) man cave. A wet bar in the basement? Same story. But if it makes you happy, go for it.