As a homeowner, there will likely come a time when you decide that you’re ready to part with your investment and list it for sale. Anytime you are thinking of selling your home, and you want to maximize your ROI, or return on your investment, you can do so through numerous surprising home improvement projects. Taking the time to brainstorm unique replacements, repairs, and upgrades can help significantly once you decide that the time is right for you to sell.
1. Invest in a New Roof
Investing in a new roof can be one of the best decisions you make if you’re a homeowner or investor who is interested in making as much profit as possible upon selling their home. A roof is one of the most important and expensive aspects of a home, which is why it is essential to conduct roof maintenance throughout the years.
If you believe your roof is outdated or lacking in efficiency, you will want to find a professional roofing contractor or company near you that you can turn to for a replacement.
Finding the best roofing company near you can be done by comparing local and online resources while requesting quotes and estimates before agreeing to any contract. Keep in mind that investing in a new roof may cost you upwards of $10,000, depending on the size of your home and roof.
While investing in a new roof can be costly, it’s important to note that a brand-new roof will typically yield up to 85% back to the investor or owner upon selling the home, according to Home 365.
2. Update Your Garage
Today, garages can be used for more than storing vehicles. In fact, according to Garage Living, 90% of realtors today state they believe their clients prefer garages in homes they purchase to be more functional. If you have an attached or detached garage that is plain, outdated, or simply used to store vehicles, consider investing time and money to make the space more appealing and functional.
Adding built-in storage solutions, a fresh coat of paint, and even workshop functions can make your home more attractive and ultimately, much more valuable once you choose to move forward with the process of selling it.
3. Plant More Trees
Landscaping is one of the best investments you can make in your property, even if you intend to sell your home in the future. Strategically planting shrubs, trees, and other greenery around a property can save up to 25% in energy bills by reducing air conditioning and fuel costs, according to The Department Of Energy.
If you want to boost your home’s curbside appeal while simultaneously adding value to the property, you can do so by landscaping as soon as you move in.
Even if you are unfamiliar with landscaping, or you do not consider yourself to have a green thumb, you can work with a local gardener or landscaping company near you. Local landscaping companies and gardeners can walk you through the process of selecting plants, trees, flowers, and shrubs based on the climate and zone where you’re located. You can also share your vision to bring it into reality when working alongside a professional landscaper.
While selling a home can require plenty of effort and time, it can be extremely rewarding when you make the right decisions along the way. Understanding the process of selling a home to maximize your profit is a way for you to ensure you complete the right upgrades and updates before you list your property on the open market.
The more familiar you are with the process of selling a home, even in a highly competitive market, the easier it will be for you to navigate the necessary upgrades and updates on your property ahead of time.