If you are planning of reselling your Pennsylvania home, it is time to start sprucing it up. It might seem like a costly venture, but a recent report by National Association of Realtors® (NAR) shows this is one of the best real estate investment opportunities for homeowners with an average ROI of 60%. To get the highest value for your property, you need to identify the top remodeling projects that will give you the best ROI.
Here are some ideas:
Most people spend time in the kitchen and it is a focal area that a homebuyer will be looking at. During an open house, most buyers make a beeline for the cooking space. You need to have nice stainless steel appliances, modern cabinetry, energy efficient appliances and smart kitchen tops to win a bargaining hand during negotiations.
When an investor comes to your home, they will instantly look at the floor and if it is chipped and faded you will not get a good deal. There are myriad flooring options to choose from, but always stay away from the cheap laminate products because keen buyers will smell this out. Real-wood floors are big winners but you can also go for high quality engineered products.
This is a no-brainer for every homeowner; people love to spend a relaxing moment in their baths and no one wants to immediately start refurbishing after moving in.Consider lighting, marble tops, custom showers, décor and the floors to spruce up the room.
If you have this space at your home, make sure you spruce it because NAR® reckons you will recoup 72% on the project costs.
For older homes, this is one of the most suave remodeling projects for a home resale. There are myriad wall siding products to choose from including vinyl, fiber-cement and wood among others.
Energy Efficient Windows and Doors
The modern real estate investor is very conscious and if you have invested in green living solutions such as these they will be ready to deal. They know there are savings to enjoy and many more benefits when they buy.
Deck and Patios Additions
Remodeling magazine reports that these additions can easily recoup 72% on investment, which is a big win for you. They give your home a touch of grandeur that buyers crave.
This is a unique way of priming your property for a quick resale and high ROI. You will not only be looking at rebates, but also energy savings after the project.
You don’t have to flood your home with new lights but creative lighting including sunroom additions, recessed kitchen lights and dimmer switches will make your indoor quite arresting.
This neglected space can be turned into an alluring space through simple waterproofing and planning techniques. If buyers realize they have one more finished room with an egress window for natural light, you can bet you will get good ROI on your renovation.