Home improvement is a major industry, and for good reason: Redoing your home can boost its value and make it nicer to live in. But it’s important to choose upgrades that won’t break the bank. If you overspend, or worse yet, take on debt to finish a project, it’ll be difficult to sell the house and may even hurt its value in the long run.
The best way to avoid overspending is to do your research. Ask for referrals and check reviews to see what other customers experienced with the contractor. You should also always work with licensed, insured home improvement contractors. If a contractor is not properly licensed, they could put you and your family at risk of injury or property damage.
To find the right contractors, start by searching for ones who are licensed in your county or state (New York). Then, ask for references from other homeowners whose projects they completed. You can also visit their websites to get a sense of their style and capabilities.
If you are looking for cost-effective ways to improve your home, consider replacing your entry door or garage door. A new door can help protect your home and save money on energy bills by keeping cold air in and hot air out. You might also want to replace your exterior paint with a more updated color.
A fresh coat of paint is one of the cheapest and easiest upgrades you can make to your home. Choose neutral shades that will appeal to a wide range of potential buyers, or try something bolder for an accent wall. Don’t forget to add decorative molding like crown or baseboards for a more finished look.
Replacing your kitchen or bathroom is another high-value renovation that can give you a solid return on investment when it comes time to sell. Common updates include refreshing shower areas, replacing vanities and toilets, laying new tile, fitting new countertops or adding fixtures and lighting. Aim for midrange options that offer the same visual impact as high-end fixtures, but won’t break the bank.
Adding extra living space to your home is a popular choice, and you can do it for a reasonable price by turning an attic or basement into a bedroom, playroom, media room, or even a two-story deck. But don’t skip essential repairs, such as a leaking roof or termite infestation. These problems will only get worse over time and could deter buyers from making an offer.
Before you dive into any big projects, talk with a RamseyTrusted real estate agent. They’ll know which improvements will maximize your return on investment and help you sell your house quickly. They’ll also be able to recommend local contractors for the job.