There are likely some home improvement projects you’d like to tackle, but which ones will pay off when it is time to sell? If you are planning on spending many more happy years in your home, your return on investment is really the joy you get from living in a home that you love. But, if you may sell in the next few years, you need to consider which renovations will offer the best return on your investment.
Here are our top 3 home improvements that pay off:
New Roof – A new roof tops the home project list in rate of return. While it is a costly investment, the potential ROI is 109% (according to HouseLogic), and Realtors® say that a new roof helps make a sale over 30% of the time. A new roof will add to your curb appeal and improve energy efficiency.
Hardwood Floors – Most buyers today want wood floors, in fact, they almost expect it. Hardwood floors offer one of the best returns on a home investment – they can add 2.5% to the sale price. A beautiful, durable, and timeless addition you can enjoy until you make your move.
New Garage Door – Okay, so maybe it’s not the most glamorous home improvement, but a new garage door will immediately boost your curb appeal and make your home shine. And bonus – it’s also one of the most affordable improvements! If you have an attached garage, an insulated door can also help lower energy bills.