Five Remodeling Projects That Will Make You Money When You Sell

Five Remodeling Projects That Will Make You Money When You Sell

Hunter Hampton | Anderson Real Estate Sales | DRE# 01212578

   Hey y’all, Hunter Hampton here, Chico house hunter. I wanted to do a video on home renovation projects. Not all home improvements are created equal, so let’s look at the top five projects that will return you the most money when you sell your property. I bet you’re thinking spend money on the master bathroom, bathrooms, kitchens. That’s true, they really help sell the property. But, typically they only return about half your investment. So, if you spent $50,000 redoing the kitchen and bathrooms, you’re probably only gonna get about $25,000 back. We’re looking at data from a survey from the National Association of Realtors, it’s called remodeling impact report. I posted a link below this video and you can check it out. I highly recommend it. It’s got all kinds of projects. We’re just gonna talk about the top five with the best return. Roof. I can tell you, if the roof is leaking, buyers have a hard time getting past that. I don’t care how nice the kitchen is, a leaking roof is a leaking roof. So, fix it. The survey shows that 108% of your investment will come back. So, if it’s a $10,000 roof, you’re gonna make back what? $10,800 by replacing the roof. So, don’t sweat it, just do it.

   Hardwood floors. They’re a timeless classic. Refinishing is a no-brainer. Spend what? $3,000. You’re gonna get all that money back. It’s 100% return. So, you can refinish the floors. They’re nice, shiny, beautiful. And, not worry about losing any money when you do it. If you’re thinking about replacing flooring in your home, consider hardwood floors. Great return. You can add new hardwood floors. You can expect to spend what? $6,000. The return’s about 91%. So, if it’s $6,000, you’re gonna get back $5,500 when you leave. And now, you got nice shiny, new hardwood floors to live in in your home. That’s a great option if you’re looking to upgrade your flooring. Everybody’s heard about curb appeal and when it’s time to sell your home things that you can do to enhance your curb appeal. Well, here’s something that you can do at a relatively modest cost. You can replace your garage door. A two car garage door, what’s that? $2,500? Survey says you’re gonna get 87% of that back. That’s about $2,200. So, do it. When people drive through your neighborhood, it’s really gonna make your house pop.

   The next one’s not really fun, it’s not really sexy. It’s out of sight, it’s out of mind. That is until you’re running around the house you got your ski parka on because it’s so cold. Invest in some insulation. It’s very inexpensive. 76% return on that, so if it’s a couple thousand bucks, you’re getting back $1,600. And, that doesn’t even include the added savings that you get from your heating and your cooling costs. So, insulation’s a great place to put some money. Siding. Fiber cement siding is resistant to moisture, fire, termites, rot, and it definitely helps with your curb appeal. It shows a strong payback, 87%. It’s expensive, but your house is gonna look dynamite. It’s gonna be the nicest house in the neighborhood you put new siding on it. What’s it cost? $18,000 with a $15,000 return. It’s really gonna make your house stand out. That’s it. That’s five home remodeling projects that you can do that will make you money at closing. Hopefully this information will help you determine where you wanna spend your money the next time you wanna renovate your home, or what to look for in renovations if you’re looking to purchase a home. Spend some time, check it out. Happy house hunting y’all. Here is the link to the complete survey: https://bit.ly/2y9yRka

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