When remodeling your home, most experts agree that the interior of the home is very important and that some of the rooms indoors will net you some of the highest returns upon selling your home. In particular, real estate buffs commonly recommend homeowners and property managers pay very close attention to the bathroom and kitchen. Kitchen remodeling and bathroom remodeling are proven to entice and attract more potential buyers to a home, as well as more deep-pocketed ones to boot.
But those two rooms — and indeed, the rest of the interior of your home — isn’t the only place or maybe even the best place to look when it comes to making meaningful renovations which will save time, money, and hassle.
So, where else are experts recommending homeowners make the biggest improvements should they want to recoup dollars and boost the efficiency of their home? The sides, doors, and the roof.
Consider the walls of your home. Older, more worn siding can contribute to a loss of more than 10% of your home’s value. The lowered curb appeal, lessened ability to retain heat, and the lower aesthetic value offered up by siding or materials that are in disrepair can end up costing you big. Buyers won’t typically be attracted to a home that looks like its best days are behind it.
The door of your home is not only important for keeping people out, but ironically, drawing people in when it’s time to sell. Studies show that there is almost nothing as attractive as a well-maintained, well-built door to a home in the eyes of a new buyer. How attractive? Consider this — studies show that a new door can recoup up to 97% of its initial cost upon sale. Virtually every dollar you spend on a new door is likely to end up right back in your pocket if you wait for the right buyer.
It doesn’t have to be a big, fancy door replacement, either. Experts also recommend that you pay attention to the siding of your home. Even mid-range vinyl siding refurbishment projects have been known to recoup up to 81% of initial costs.
If you’re looking to sell your home, don’t confine yourself to just the kitchen and the bathroom. Take a look outside and around your home for other projects that could save you big. Replacing a roof, or a new door installation actually come close to netting homeowners a profit.