Looking For Something In Particular?
Selling a home can be a pain in the butt, with all the legal paperwork to file and agents to call. Not to mention the possibility of not being able to sell your home at all…
But - with the right home improvements, you’ll have full open houses and a line of buyers ready to take it off your hands! For homeowners in Iowa looking to enhance their property's appeal and functionality, certain improvements stand out as particularly valuable. This blog explores the top home renovations that not only make your living space more enjoyable but also offer great returns on investment (ROI).
Note: Most home improvements don’t yield a 100% return on investment due to factors like market trends, personalization of home improvements, and the law of diminishing returns.
Home Improvement #1: Kitchen Remodeling
The kitchen is often considered the heart of the home, and it's also a focal point for potential buyers. A well-executed kitchen remodel can recapture much of its cost when it's time to sell. According to national data, minor kitchen remodels can yield a return of about 96% of the investment. Modernizing an outdated kitchen with new cabinetry, energy-efficient appliances, and durable countertops can dramatically improve your home's overall value.Â
If you’re looking for the most valuable home improvement that will nearly pay for itself, and impress the next homeowners, a minor kitchen remodeling is absolutely your best choice here! If you decide to remodel your kitchen, make sure it’s not too much of a niche personal design that other homeowners won’t enjoy.Â
Home Improvement #2: Garage Door Replacement
Looking for a smaller home improvement? Replacing an old garage door is not only a quick upgrade but it's also one that can significantly boost your home's curb appeal. In Iowa, where exterior aesthetics can play a big role in home valuation due to seasonal changes, a new garage door can be especially beneficial. The national average ROI for a garage door replacement is around 193%, making it one of the best investments for homeowners.
If you’re in a pinch and need to increase your home value quickly, a garage door replacement is around $4,000 on average, one of the cheapest yet high return improvements you can get.
Home Improvement #3: Creating a Home Office
With more people working from home than ever before, adding a home office has become a desirable feature for potential buyers. A home office can drive up your home value In Iowa by an additional 10%. Creating a dedicated workspace can make a property stand out in the market.Â
This kind of remodel not only adds functional value but can also increase the overall marketability of your home. In a world where more of the American workforce is moving to remote work, a home office is a convenient room that can appeal to many future homeowners. And it doesn’t have to be a super fancy, techy office setup, either!
Home Improvement #4: Bathroom Remodeling
Bathroom renovations can significantly boost your home value and appeal to buyers looking for modern, efficient living spaces. Upgrading fixtures, improving lighting, and adding new tiles can transform an outdated bathroom into a luxurious retreat. On average, a mid range bathroom remodel has a 73%Â return on investment.
Like the kitchen, you don’t want to give your bathroom an exotic remodeling that only you and your spouse likes - that’s a recipe for lowering your home value (no one wants a bathroom that looks like a portal to another dimension!). Opt for safer designs that fit the modern standards and future homeowners can be happy with.
Home Improvement #5: Updating Exterior Siding
In Iowa's varied climate, durable and attractive exterior siding is another great project to boost your home value. Whether you choose vinyl siding for its low maintenance and durability or opt for a more upscale option like fiber cement, updating your siding can refresh your home's exterior and improve insulation. Such updates typically recapture about 75% of their cost at resale.
This is a great home improvement project to not only boost your home value, but the look of your entire home. People judge books by covers, so why not have an awesome cover?
Home Improvement #6: Landscaping Boost
Well-kept gardens and a neat, inviting yard can make a significant first impression on potential buyers. Simple landscaping upgrades like adding perennial plants, mulching, and regular lawn care can boost your home's curb appeal and, by extension, its market value. Effective landscaping can offer an impressive ROI, often recovering 100%Â of the investment.
The best part about a landscaping revamp is that you can decide how much you want to invest in it, especially if you do it yourself! A lawn mower, gloves, and a trip to Home Depot is all you need for a budget landscaping project to boost your home value!
Home Improvement #7: Basement Remodeling
Take a trip to your basement for me real quick – if it’s not a room that will blow the socks off future homeowners… you might be looking at your next home remodeling project! Turning a neglected basement into a livable space, whether it's a family room, gym, or an extra bedroom, can significantly increase the usable square footage of your home.Â
In Iowa, where extra indoor space is valuable during colder months, a basement remodel can be particularly beneficial, offering about 70% ROI. We all know basements are a staple of Iowan homes, which is why you need a finished basement if you want to sell it for what it’s worth. It may be the difference between a buyer choosing your home or the one down the block.
Home Improvement #8: Adding A Wood Deck
Outdoor living spaces have become more valuable than ever. Adding a deck or enhancing an existing porch can provide an excellent boost to your home value while improving the quality of life at home. Decks, in particular, are a smart investment in Iowa, often returning more than 83%Â of the cost at resale.Â
What about composite decks? While composite decks require a bigger upfront cost and less maintenance, they actually receive lower returns compared to wood decks. Whether it’s a wood or composite deck, we can build you a custom porch to boost your home value. Contact us today for premier deck services designed to maximize your home value!
It’s Time To Boost Your Home Value
Investing in these key home improvements can not only make your property more attractive and functional but also significantly increase its market value. Whether you're planning to sell soon or simply want to enhance your living space, these updates are the top home improvements worth considering.Â
Remember, specific returns can vary based on local market conditions and the quality of the work performed, so it's important to choose improvements that align with your home's needs and your long-term goals. Good luck!
Sources:
Comentarios