When you are considering a home remodeling project for your Kansas City area home, it’s important to know what the future holds so you can get the most value from your remodel. If you plan on living in the house for a good long while, you should cater the remodeling decisions to your own personal tastes. On the other hand, if selling is your intention, then you’ll need to choose remodeling projects that offer the highest return for your ultimate goal of selling the home.
For about $10,000, you can do any of the following projects and get a 95-100+% return on your selling price and make the home more appealing to buyers, and it will definitely sell more quickly.
A bathroom update that costs about $10,000 consists of replacing the sink, vanity, tub, surrounding tile, flooring, and fixtures.
If funds are limited due to the other big purchases, you can always have your tub re-glazed for a fraction of the cost of a new one. Caulking makes everything look clean and neat again without a whole lot of extra effort, and a coat of paint changes things quickly, too. Sellers who update their bathrooms see a 100% return on improvements like these.
A minor kitchen update would be anything short of changing the floorplan. Cosmetic changes such as paint, countertops, and cabinet re-facing are pretty inexpensive, so you can combine these things with pricier updates such as replacing the floor, adding new appliances, and changing the lighting. A professional designer can advise you about which improvements will keep you within your budget while helping you simultaneously get a nearly 100% return on your kitchen remodeling investment.
Landscape and Exterior Improvements
A few thousand dollars goes a long way for landscaping! Homeowners who spend just $3,000 to $4,000 on professional landscaping improve the curb appeal of their home and get a 100% return on their investment.
Swapping out the windows can open up a space and make the home more energy efficient. Likewise, painting the front door, replacing the siding, or building and decking out a pergola will improve the look of your home and make it eye-catching right away for potential buyers. For around $10,000, you could add a deck, patio, or porch as well.
Attic or Basement Conversion
You might have to spend a little more than the $10,000 budget to see a return on an attic or basement conversion, but adding a bedroom with or without a bathroom or additional family space can increase the acceptable asking price of your home by tens of thousands.
You’ll have to be strategic with attic and basement work, though. Improvements like insulation can lower the utility costs, but they could go way up if your current system isn’t large enough to heat and cool another room.
If you have a limited amount of money to spend on improvements before putting your home on the market, consider one of these four areas to get the most out of your money!