It can be hard to know where to spend money when you're thinking of selling your house, especially when you're not sure what the return value of your efforts will be. If you're in the dark on where you should focus your efforts, it might be a good idea to have a professional come out and formally appraise your home. They may be able to better assist you with the specific elements of your home, as everyone's situation differs. But, for starters, you can take a sneak peek at what we have concluded on home resale value.
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- Kitchens & baths - This area is no big secret. Pump up the volume in your kitchen and baths, and studies show you're likely to receive at least 100% back.
- Siding - It makes a lot of sense, really. The siding of your house is a huge component to its appearance, and it can be a costly investment. Fortunately, it rakes in about 92% return rate.
- Windows & Roofing - These two elements of your home have a return rate of about 80%. They are expensive ticket items; however, most people looking around to buy a house will not even consider the home if there's a leaky roof or drafty, cheap windows.
- Garage door - This may well be the biggest door in your house, so you can imagine it is an important factor when selling a house. In fact, if you replace your garage door (for about $1,600), you're likely to get back about 88% of your investment.
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