When remodeling, most homeowners are focused solely on what they want out of their newly remodeled home. That’s all well and good if you’re absolutely certain you’ll stay in your home for many years to come. But if you plan on selling down the road, and even if there’s a chance you may sell, you also need to think about added home value when remodeling. Some home improvement projects recoup most of their costs in added home value while others tend to drain your bank account with much of a return on your investment. Here are eight home improvement projects that will practically pay for themselves.
If you plan to sell
- Minor kitchen remodel. Spending around $10,000 for a minor kitchen remodel is usually a very safe investment if you do it right. Though it might seem like a more expensive, full kitchen makeover would be even better, real estate experts say that’s not the case. You tend to recoup less of your initial cost when you try to do too much.
- Master bathroom. The same rules apply for the master bathroom. You don’t want to go overboard but a minor remodel costing around $10,000 is a safe investment. That should be enough for new countertops, new fixtures, and a frameless glass shower enclosure.