Sell your home for the most value tomorrow with these financially savvy home improvement projects you can do today. Here are affordable (under $5,000) home improvement projects that’ll help you enjoy your home more today and provide excellent financial return in the future:
UPGRADE TO ENERGY EFFICIENT
Energy-efficient houses value keeps increasing year by year. A UCLA study examined the sales prices of 1.6 million California homes from 2007 to 2012 and found that homes with Energy Star, LEED, or GreenPoint certification had, on average, a 9% higher price.
That finding is echoed in NAHB’s report that surveyed homebuyers across the nation: Nine out of 10 potential buyers would select an efficient home with lower utility bills over a less efficient home priced 2% to 3% less.
“In fact, 39% of homebuyers say a gas fireplace is an essential or desirable feature of the next home they purchase. So when it comes time to sell your home, more than one-third of potential buyers will be looking for a gas fireplace.” – Houselogic.com
Ceiling fans have come along way from their old reputation of being a nuisance. They are now considered a luxury in a home and can give your room a refreshing update while saving money. When setting up a ceiling fan make sure they hang at least 7 to 8 feet above the floor. If you have a low ceiling, buy a hugger cueling fan that’s flush mounted.
INSTALL A PATIO:
A great cost effective way to increase your homes living space is to install a patio. The good news is this will not break the bank and most likely you will recover 30% to 60% of your investment.
When planning a patio, set a budget and stick with it. Be careful to not purchasing too high-end amenities, like an outdoor kitchen – you wont get much back for it when you sell. Another tip is to spend a little when it comes to outdoor lighting. It can make a huge visual difference.