1. PAINT THE INTERIOR

2. REMODEL THE KITCHEN

An open floor plan is one of the
most sought-after features for today’s homebuyers. Older homes tend to have
many walls and narrow hallways. Good news is that it can be relatively
inexpensive to knock down a wall and create a more cohesive space. According to
online home improvement marketplace HomeAdvisor, an interior demolition costs
about $3,000 on average. Even load-bearing walls can be removed, preferably by
a skilled contractor who can then place a beam in the ceiling for support. Even
with added costs, this improvement can still add significant value to a home.
4. UPGRADE LIGHTING FIXTURES
You’ll be amazed at the difference great lighting can make in a home. It can
take a room from unwelcoming to soothing. Most fixtures can be purchased for a
few hundred dollars or less but it is always recommended to bring in an
electrician which will increase an overall remodeling bill. Even so, the
different enhanced lighting can make to a living space can make a lot of
difference to a potential buyer later down the road.
5. REPLACE THE ENTRY DOOR


Updated flooring or new carpeting can help sell a home, according to co-founder of digital home management tool HomeZada, John Bodrozic. However, determination of whether the project pays for itself or not depends on how much money people put into the project. Existing carpets can be cleaned for about $174, and the average hardwood refinishing cost is $1,544. Installation of new flooring increases the cost: $1,493 for carpet and $4,432 for wood. However, you can reduce your costs. “If you have the skill or are willing to learn, you can save labor costs if you can do some of the work yourself," said Bodrozic. "If you do hire a contractor, make sure you get three to five bids, and make it known to the contractors that they are competing for the business. Depending on the marketing conditions and timing of your project, you could save yourself some money.”
7. UPGRADE TO ENERGY EFFICIENT FEATURES
"I'm
noticing a big trend toward energy-efficient appliances, LED lights and
tankless water heaters," said Diana George, founder of Oakland-based Vault
Realty Group.
You don't have
to wait until you move to reap the financial benefits that accompany an energy-efficient
upgrade. A tankless water heater can cut a homeowner's water heating bill by
about a fifth each year. A switch from incandescent to LED bulbs, meanwhile,
can save a homeowner a surprising $300 per year.
Energy-efficient
upgrades might not be the most exciting of home improvement projects, but they
can have an almost immediate impact on a home's overall bottom line.
Specific
features tend to vary in popularity by geographic location, and the national average
cost for this upgrade is about $10,000 for wood and $15,000 for composite
materials, according to Remodeling's report. Of that amount, a homebuyer can
hope to recoup about 80 and 68 percent, respectively.

It's not necessarily every homebuyer's idea of a dream home project, but new vinyl siding can dramatically enhance a home's curb appeal, which can make or break a homeowner's prospects when selling on the open market. Newer siding can also help curb heating and cooling costs, and decrease the conditions under which mold, fungus and mildew can thrive. New vinyl siding generally costs around $12,000, and will increase a home's resale value by almost $9,700, according to Remodeling. "Bath renovations are always worth the money invested," said Karen Gray-Plaisted of Design Solutions KGP in Warwick, New York. "If the home has good bones and quality finishes, the home seller will reap most, if not all, of the cost." A homebuyer can expect to pay about $17,000 for a mid-range bathroom renovation, and recoup about 70 percent, according to Remodeling. However, making smaller changes can also bring big rewards. "The impact a new light fixture can make can take a house from being dated to feeling new," said Plaisted. "I find upgrading light fixtures in bathrooms and kitchens to be worth every penny spent." In the end, a home renovation choice is about more than just the value you'll eventually recoup. Consider projects that will keep your home properly maintained, but also that your family will enjoy. A house is more than an investment, it's also the place where your family will build memories for years to come.
REMODELING PROJECTS THAT WILL GIVE YOU THE MOST AND THE LEAST RETURN
ON INVESTMENT in 2016
Sources: http://www.cbsnews.com/media/10-home-renovations-that-will-pay-you-back/9/
http://www.realtor.com/advice/home-improvement/heres-how-much-remodeling-pays-off/
http://realtormag.realtor.org/home-and-design/cost-vs-value/article/2015/01/2015-remodeling-cost-vs-value-less-more
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