by Tracy Graham
The best return on your home improvement can be the joy you get waking up in a home you love more and more with every project you complete.
The second-best thing is picking the right home improvement that will pay off when you decide to sell if you are savvy.
Here are some widespread home improvements that hopefully will bring you joy and a more significant price tag at closing time.
Painting provides dramatic results with the lowest cost and highest rate of return. The beauty of painting is you can do it yourself if you are handy with a paintbrush. Purchasing a 5-gallon bucket of paint is much cheaper than a gallon.
If you hire a professional painter for painting the interior of a 2,400 square foot home, it can be anywhere from $3,600 to $6,500, depending on the market. If there are vaulted ceilings or detail work, it could be more.
When thinking of painting, don’t think of it as something just for just walls. If you have outdated kitchen cabinets, you can paint them for an instant kitchen update.
Be sure to remember the exterior of your home as well. Keep an eye on your trim for potential water damage
2. Replacing the Front Door
Few replacement projects have a better return on investment as a new steel entry door. Adding a steel entry door has a return of roughly 75 to 101 percent of initial investment upon resale, depending on if you have it professionally installed or tackle this project yourself. If you do the project yourself, you’ll work with a pre-hung door that includes jambs, so removing the existing is necessary.
Often old exterior doors can be a significant source of energy loss in your home. Replacing the door will improve your curb appeal while improving your home’s energy efficiency. The average return on investment
3. Bathroom Update
An outdated bathroom can date a house. A whole bathroom remodel is an option, but not needed, new countertops, painting the cabinets instead of replacing, update the fixtures, and lighting (get rid of the brass or metal). It is always best to go with classic features and avoid anything too trendy, so you will appeal to the majority. Also, it’s good to remember, dated tile always looks better when clean grout lines, so consider cleaning or replacing the grout yourself or hire someone.
A mid-range bathroom remodel averages $3,000 to 12,000 with an approximate 57 to 65 percent return on investment, according to data from Zillow.
4. Update fixtures and hardware
Lighting, faucets, doorknobs, and hinges may seem like minor details, but outdated or cheap fixtures can affect the overall look and feel. These items do not need to be expensive to make an impact of a much more contemporary look. Many of these items you may be able to do yourself to save some installation expenses. However, when it comes to electricity and anything associated with water, a licensed electrician and plumber are recommended.
These improvements make an exponential impact on making a home feel contemporary. Assigning a cost to these upgrades is impossible due to the quantities needed for each of these items.
5. Insulation Upgrade
Upgrading insulation is not the sexiest project. After all, it’s tucked away in the attic. However, you will feel it based on increased comfort and see savings on your energy bill.
Increasing an under-insulated attic space can easily save you up to 50% per year in energy costs. Do it yourself, and you’ll almost immediately pocket the savings. Hiring a professional may take a couple of years to pay off your investment with your savings. However, it could be much easier because the installation is an awkward and messy project that requires protective clothing.
If you are considering any home improvements, contacting your local real estate expert can provide additional information about the specific home improvement you are considering and the approximate range of the return on your investment.
Tracy Graham is a local real estate expert and REALTOR with Keller Williams 1st Realty Associates in Firestone. She lives in Frederick with her husband and their parrot. Her dedication and passion for helping hundreds of Carbon Valley and the surrounding areas residents achieve their goals and build wealth through real estate spans over 16 years. She has earned the following real estate designations to best serve her clientele, Accredited Buyer Representative, Certified Negotiation Expert, Certified Residential Specialist, Graduate Real Estate Institute, Short Sale, and Foreclosure Resource. You may reach Tracy at 720-272-0183 or www.TracySoldMine.com.