Retirement is on the horizon, and you’re thinking about relocating to another city. But before you sell your current house, you might want to consider remodeling parts of your home to increase its value.
See the best renovations that will put money back in your pocket when you retire.
Check Out: Surprising Data Reveals The Top 25 Tax-Friendly States To Retire
See: 26 Home Makeover Ideas That Each Cost Less Than $500
Garage Door Replacement
If your garage door is notably banged up or glaringly outdated, consider having a new one installed as part of your home improvement initiative. Doing so can seriously increase the curb appeal of your residence, which will draw more buyers in.
A garage door replacement is a relatively inexpensive home renovation, with the national average at approximately $3,907. Expect it to boost your resale value by approximately $3,663, which means you’ll recoup 93.8% of the cost.
Install Manufactured Stone Veneer
If your home looks good from the outside, buyers will want to see the inside. Make the front exterior of your home the most luxurious on the block by having manufactured stone veneer installed on top of your existing siding.
Unlike many home improvement projects, you can expect to recoup around 92.1% of your costs. Budget the national average rate of approximately $10,386 for this upgrade, and expect it to increase your home’s resale value by an estimated $9,571.
Check Out: 30 Ways To Upgrade Your Home Without Blowing Your Budget
Buyers value a home with a nice outdoor space. Even if your local area only has a few warm months per year, chances are that whoever buys your home wants a deck to enjoy the pleasant weather while it lasts.
If your home doesn’t have one, think about adding a new deck to your home renovation list. The national average cost of a wooden deck addition is approximately $16,766 but you should recover roughly $11,038, which is a 65.8% return on investment. If you opt for a composite deck addition, plan to spend around $22,426 and increase your resale value by roughly $14,169, providing a 63.2% return on your investment.
Minor Kitchen Remodel
The kitchen is the most important room in the house in the mind of most buyers, according to real estate site Zillow. Consequently, if you …….