Decided to sell your house? Well, you may be wondering how to get the highest ROI for home projects. We get that investing in repairs for your place is a good way to start, but are you aware of the most profitable home renovations?
In this piece, we’ll go through the basics like the meaning of ROI and which projects you can start to get it. Keep reading and make smart moves to sell your house!
What Is ROI?
ROI, or Return On Investment, is a calculation of how much money you make from your investment. The ROI is expressed like a percentage and considers the original cost of the investment, minus depreciation (or decline in value), and divided by that initial cost. Some home renovation projects offer a higher ROI than others – usually the bigger ones.
Here Are Some Of The Highest ROI Cost-Effective Home Improvements
Here’s a list of the most profitable home renovations:
- Kitchen Cabinet Repairs
A little TLC could go a long way if you have a kitchen with cabinets still in good condition. Repainting the cabinets and replacing the hardware can give them an updated look. You may also want to consider repairing any dings or scratches.
- New Garage Doors
A worn-out garage door can make your entire home look dated and run down; updating this feature is a great way to increase the value of your house. New doors also provide increased security, which buyers always like to see.
- Update Wooden Windows
If your home has wooden windows, it’s worth considering an update. New vinyl windows offer a much better return on investment than wood and can improve the curb appeal of your home.
Giving your home a coat of paint can be a game-changer, both inside and out. A fresh coat of paint on the walls and ceilings can brighten up a room, and exterior paint can make your home look more inviting to buyers.
Best Way Get Around Home Repair Expenses
OC Home Buyers is a real estate solutions company. We buy houses in Costa Mesa, CA, in their as-is condition. We won’t ask you to make any repairs to give you a fair cash offer. We can also close the deal in as little as 7 days.
We’re a great choice if you’re looking to get money for your property fast and without the hassles of real estate. Interested in our service? Don’t hesitate to reach out; OC Home Buyers is ready to answer all your doubts about our process.