What kind of remodels should you do to your house before selling it?
There are three you can take on that will generate the best return on investment. None of them will increase the value of your house over the price that it takes to install them, but these are the easiest to do and the ones that will give you the most value:
1. Installing a deck (wood decks, trex decks, patios, etc.). These remodels are easily used and relatively cheap to install. They can also be built to look great and add a lot of curb appeal to your house. On top of that, you get to enjoy a brand-new deck! The return on this is usually 80 cents on the dollar, maybe a little bit more.
2. Renovating your kitchen. Generally, kitchens cost way more as a remodel—you could spend as much as $10,000 to $15,000 to do it. However, it adds a wide degree of personal pleasure and enjoyment. The return on this is about 80 to 90 cents on the dollar.
3. Go green! Think of installing things like tankless water heaters or solar instruments. Anything like that will not only return more, but it will also save you money while you own the house. You can expect these to return around 90 cents on the dollar.
Since this question was submitted by a subscriber to my video blog, I’d normally give them a shout out right about now and let them know that a $25 Amazon gift card was coming their way. However…I’m a dope and lost this person’s name!
If whoever sent me this question is reading this, please email me so I can send you your well-earned gift card.
If you have any questions about this topic or need help with a home search or a home sale, don’t hesitate to reach out to me. I’d love to help you!