As far as investments go, real estate tends to be a sound one. Albeit costly, buying a home in the right neighborhood, at the right time, could yield you future return on your investment, and then some! But right place, right time can only get you so far, so we’ve rounded up four intelligently allocated home improvements that are likely to pay for themselves in resale value.
Rethink Your Color Scheme
According to a 2017 survey conducted by Houzz, more than two-thirds of real estate agents surveyed suggest repainting the inside of your home before putting it on the market. Zillow’s chief economist, Svenja Gudell, recommends fresh, natural-looking colors, particularly in shades of blue and pale gray. Zillow also reports that painting your front door black, your bathroom periwinkle blue, and your kitchen tuxedo could also increase your resale luck. Beyond replacing an interior paint job that may be old and outdated, homeowners hoping to sell should also consider painting their home’s exterior.
Replace Your Windows
Beyond being an eyesore, old or damaged windows can end up being a distraction from your home’s redeemable features. If you think about it from a potential buyer’s perspective, rotting frames and condensation between the window panes means more work for them down the road – work that they may not be willing to do. Replacing your windows as a precaution will ensure that buyers see your home as a finished product, rather than a work in progress. Additionally, according to the Energy Star program, replacing old windows with newer, energy-efficient ones can save you anywhere from $25 to $450 a year in heating and cooling costs.
If you’re looking for a way to lend WOW factor to your property, look no further than home tech. Investing in home tech is a fun, futuristic, and intuitive way to bring your home into the current century, while attracting a new demographic of buyers. Built-in speakers and surround sound systems are two crowd-pleasing choices, but smart home options are honestly a dime a dozen these days. According to information pulled from the NKBA’s 2018 Kitchen and Bath Design Trends study, smart toilets, voice-controlled technology, and connected kitchens are amongst the latest in leading home tech trends.
Add a Second Bathroom
As attractive as the idea of an extra bathroom might be, many homeowners tend to shy away from this particular renovation for reasons pertaining to cost and inconvenience of construction. As a remedy to this common experience, SANIFLO developed their SANICOMPACT system – geared at homeowners with little space to spare for a bathroom addition. The SANICOMPACT system is compact, self-contained, and requires minimal construction because it doesn’t require a traditional plumbing rough-in.
To learn more about the SANICOMPACT system, or to shop it, visit the SANIFLO website.
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