Home Improvement Projects-Getting A Return On Your Investment

Preparing your Coppell home for a quick sale often means making minor, and sometimes major, home improvements. Before giving the green light for another home remodeling project, however, make sure that you’ll seen a return on your investment.

The general rule of thumb in the industry is to expect about an 80 to 90 percent return on your investment within the first year or two. Sometimes this percentage is much more, sometimes much less. Your investment may not see a 100 percent return, but a quick sale because of it can be just as advantageous.

What Home Buyers Want to See

Updated light fixtures, bathroom and kitchen fixtures and flooring are all fairly inexpensive upgrades that can make a huge impact. Stay neutral and streamlined to attract a wide variety of buyers. Consider hardwood flooring or wood laminate flooring throughout a home’s main living areas. Ceramic tile is often a popular choice for kitchen and bathrooms. Plush, neutral carpeting is always a selling point for a home’s bedrooms.

A larger remodel, such as a kitchen or a bathroom, may seem excessive, but these two rooms are often the most important to potential buyers. In fact, most homeowners see a near 100% return on their kitchen remodels. If a complete kitchen remodel is not possible, consider installing new countertops, painting the walls, and switching out the kitchen cabinet’s old hardware for something more modern.

Replacing your kitchen appliances with upgraded versions may also serve as an excellent selling point.

Update your bathroom with a new sink, faucet and lighting, and add upgraded towel bars, soap dishes and accessories.

Keep in mind that many home improvement projects can be done without breaking the bank. For example, a high quality laminate counter top may be a smarter choice than its costly granite counterpart.

Research other homes on the market in your neighborhood and compare amenities and features before you begin the remodeling process. Most importantly, complete your home improvements from a buyer’s standpoint and keep it neutral and attractive to a wide variety of buyers.