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NEWS OLD

Home Improvements That Increase Your ROI

Update your home with these valuable improvements.

The fluctuation of property prices is highly dependent on the state of the market at that given time, which homeowners have little to no control over. However, this doesn’t mean that you have no control over the rise and fall in price of your own home. You’re in control of your property and can ensure that you get the most for your home when looking to sell and purchase another property.

Before you start throwing your life savings into hot tubs and swimming pools, be aware that not all home improvements will increase your ROI significantly. These additions, however, can add value to your property.

Paint

A fresh coat of paint can bring life to the most derelict of objects: doors, cupboards, staircases, and walls. Painting a house may not seem like a task worth undertaking, but some properties have gained value significantly after a simple coat of paint!

Replace Doors

Doors are eye-catching, so it stands to good reason that you want them to look their best. Replacing an older, two-car, steel garage door may give you a healthy ROI, believe it or not. That being said, if you convert your garage into in-law living quarters, you could expect a higher ROI.

Floor Coverings

Nothing makes a room feel more miserable than old, worn out, and dirty flooring. Laminated floors, simulated wood flooring or even a tile job may do the trick. If you have budget constraints, consider replacing the carpet and re-doing the floor coverage one room at a time.

Being prepared for a home sale or purchase is critical. Ensure that you know how to handle it by relying on the expertise of a professional mortgage corporation. Contact Dean Rathbun when it comes time to finding the perfect plan of action to buy your home. We are happy to help you.