How Can I Maximize Resale Value of My Home?

by Legend Roofs OK Roofing contractor Norman OK

Home improvement projects range from small weekend projects to full-blown remodels, thanks to extra time spent at home. Homeowners are always focused on adding value to their homes, regardless of comfort, functionality, or style.

According to the National Association of Realtors Home Remodeling Impact Report, increasing resale value is the primary motivation for renovating a home. Remodeling with an eye toward the future is always prudent, even for clients who don't plan on selling soon. Your home improvement business can prosper and grow if you prioritize and market renovations that maximize return on investment.

Upgrade high-use indoor spaces

Homeowners can maximize their budget and make their investment more profitable by focusing renovation efforts on their most-used areas. There is no doubt that bathrooms and kitchens are two of the most popular areas of the home to renovate, and they are also two of the most lucrative.

Make sure they offer their clients universal design elements, such as a zero-entry shower and an open section under the countertop in the bathroom, that will maximize their returns. In addition to accommodating those with disabilities, the elderly, and children, these accessible design features will make the bathroom more appealing to a wider audience.

Resurface cabinets with new hardware to instantly renew the look and resale value of the kitchen and encourage your customers to do the same in the bathroom.

Cozy up the outdoors

As people increasingly spent more time at home during the pandemic, their wish lists for outdoor areas grew. Expanding outdoor areas provide an additional living area and serve as an additional entertainment venue, while also providing a greater sense of security.

It costs an average of $7500 to add a gas fire pit to a patio in a colder climate. When the home is sold, the homeowner should recoup around two-thirds of that investment. Wood decks cost between $2000 and $5000. In addition to providing homeowners with a safe space for entertaining, they will also be able to benefit financially from their investment in the future.

Enhance curb appeal

Increasing curb appeal is one way to boost the value of a home. Even simple improvements can have a great impact on the look and increase the value of the home. For example, take the garage door, it may seem like an insignificant detail but replacing the garage door can make a significant difference.

A new garage door can dramatically improve the curb appeal of a home, as they take up a lot of visual space. They also function as a practical upgrade daily. By offering flexible improvement financing options to your customers, you can ensure they can take advantage of this value-building investment in the future without it wrecking their finance in the short run.

Improve energy savings

To boost resale value, new technologies such as smart thermostats, energy-efficient appliances, HVAC updates, etc. are great places to start, however, windows are one of the best investments for ROI. The investment in quality windows pays off almost 70% in the long run by not only reducing energy costs but also improving the aesthetics of the home.

The advantage of vinyl windows over wooden ones is that they tend to perform better over time. However, when helping customers decide between vinyl and wood windows, consider their home’s overall appearance and their needs. If you want to change the color of our windows frequently, wood is a good choice, but vinyl is generally lower maintenance and more cost and energy efficient.

Remodel for resale value and customer satisfaction

One influence that will never change is home resale value, which has always driven home improvement trends. Keeping up with the tip ROIs allows you to continue capitalizing on these timeless trends and helping homeowners get the most from their investments.

To learn more about our services, don’t hesitate to call Legend Roofs at 405-352-7307 and get a FREE no-obligation estimate today. We service areas in Shawnee, Noble, Tecumseh, Oklahoma City, Norman, Moore, and Duncan, OK.