14. Wait Until Contractors Want Your Business
by Admin
Posted on 09-05-2024 05:14 PM
Whether it’s
just one room or an entire house, renovations are a major undertaking. These projects require time, energy and cash. From investors planning to rent out or flip a property to the average person buying their first home, every renovation decision made now can impact the return on investment in the future. While finishes, appliances and construction choices aren’t the only factors that affect resale value—they are essentially the only things sellers can control. So, will spending extra on a marble floor in the bathroom today feel still feel a smart idea five years from now? the experts weigh in.
Updating the kitchen and bathrooms are great examples of high-roi projects as they often have a significant impact on the value of your home. These renovations are sure to improve the functionality and aesthetics of your space while making your home more appealing to potential buyers down the line. Other high-roi projects to consider include adding a deck or patio, replacing old windows and doors, and updating the flooring throughout your home. Of course, not every project will have the same return on investment, so do your research and prioritize accordingly.
You want to make sure you’re investing in upgrades that align with both your personal preferences and potential future buyers’ desires for maximum return.