Every real estate investor knows that home renovations can do wonders for building equity. But, what renovations should you choose if you want the highest return on your investment? In this blog post, we’ll cover some of the top renovations that will bring your home high equity.
Kitchen Remodels
Kitchen remodels are one of the most profitable investments you can make in your home and One of the most important areas that you should focus on when trying to increase home value is the kitchen. Kitchen renovations can not only add monetary value but also enhance the aesthetic appeal of your property. Upgrading appliances and adding storage solutions can help make your kitchen feel modern and inviting. Additionally, opting for high-quality materials such as granite countertops and stainless steel fixtures will also impact the final sale price of your property.
Interior painting
Painting I believe is one of the most satisfying improvements you can make to a property and one of the most important. A fresh interior paint job will give the home a new and clean feel, even when some of the items may be outdates.
Flooring
Flooring can really do allot to a homes appearance and is another item similar to paint, allowing you to get a new feel with out doing a full renovation. We strongly recommend vinyl plank for investment properties. If your properties rehab budget is low, you can consider doing carpet in your bedrooms and then vinyl plank everywhere else.
Bathroom Updates
Similar to kitchen remodels, bathroom updates are also an effective way to add value to your home. While you don’t need to go all out with a full renovation, making minor changes like replacing hardware or fixtures, refinishing tub can have a big impact. You could also consider adding tile walls or installing new flooring.
Roof replacement
When you invest in a brand-new roof for your home, you increase its value significantly; in fact, you can expect to recoup at least 70% of the cost in increased sale price. This means that any money you spend on a new roof will almost certainly be returned to you when you sell your home. Not only that, but buyers will be willing to pay top dollar for a house with a recently installed roof since they won’t have to worry about potential repairs down the line.
Windows & Doors
Replacing old windows and doors is an often overlooked renovation that can lead to significant improvements in energy efficiency and increased home value. Newer models can be more secure while providing better insulation so they are well worth the investment if you want to maximize your home equity.
Renovations are an essential part of any real estate investor’s plan for increasing their property’s value and maximizing their return on investment. Kitchen remodels, bathroom updates, painting, flooring, roof replacement and replacing windows & doors are just some of the renovations that will help bring your home high equity without spending too much money up front. With careful planning and strategic investments such as these, any real estate investor will be able to increase their equity significantly over time.
Hoosiers GC LLC
Indys trusted investment GC
Office:
317-721-6505
Admin@Hoosiersgc.com
General Contractor:
317-400-1041
Bryant@Hoosiersgc.com
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