Deciding to pay for kitchen and bathroom updates are some of the best ways to improve the value of any home.
Chicago, IL (PRWEB) August 02, 2015
When current homeowners decide to sell their homes, it is important these properties are in great condition and they appeal to the buyers' market. First-time home buyers represent the majority of the individuals currently looking to buy a home and they want to invest in turn-key homes.
With this I mind, owners looking to sell should invest in renovation projects to help increased interest in their property and the value of their home. Knowing exactly what renovations provide the best return on investment and which do not deliver is crucial when deciding what to do to a home prior to listing.
The Federal Savings Bank offers some tips on the best bang for your buck home renovations.
Replace the front door
The entrance of a home welcomes individuals into the house. It should be very appealing to the prospective buyer. Fortunately, this is one of the lowest-cost renovation projects a homeowner can invest in, according to a House Logic release titled “The 6 Best Time-Test Remodeling Projects – and the Worst.”
"It gives you the best bang for your buck in terms of transforming the look and feel of your home," Brandon Erdmann, president of the remodeling firm HomeSealed Exteriors in Milwaukee told House Logic. "Plus, old exterior doors can be a huge source of energy loss. So you're improving the look of your house, improving energy efficiency, and you're able to do it without breaking the bank."
Curb appeal is crucial
Investing in new siding or a paint job can really help add value to a home. In addition, spending some time outside planting a few shrubs and flowers will help enhance the property and appeal to more buyers without costing too much.
Upgraded kitchen and bathrooms
Deciding to pay for kitchen and bathroom updates are some of the best ways to improve the value of any home. However, knowing where to put the money and where to budget is important. New appliances should be at the top of a homeowner's list of expenses while resurfacing countertops affordably can help increase the value of a home without spending too much money.
It's also especially important not to spend too much for the neighborhood. Owners should tour other homes in the area and get a clear idea of what the market is currently offering before spending the big bucks.
Contact the Federal Savings Bank, a veteran owned bank, to learn more about mortgages.