Renovations That Help Pay for Themselves

Thursday, April 4, 2019   /   by Robert Woessner

Renovations That Help Pay for Themselves


Renovations That Help Pay for Themselves


Whether you’re planning to put your property on the market this year or are thinking about the financial future, there are some home improvements that represent a better buy than others. Here are a few ideas for homeowners who want to get a robust return on their renovation dollars down the road.


Cheap Cosmetics


Replace the door: Year after year, replacing the entry door with a steel model ranks near the top of the list when it comes to home improvement projects that offer the most substantial return on investment. This year, it offered a 91.3 percent investment on a national average project cost of $1,471, according to Remodeling Magazine’s annual Cost vs. Value Report, trailing only garage door replacement and the addition of manufactured stone veneer in the percentage of project costs it returned in resale value. 


Opt for energy-efficient lighting: LED lighting is a strong selling point for people who put energy efficiency on their purchasing priority list. To take advantage of this movement, you could replace indoor and outdoor fixtures with LED options or, in some cases, simply replace existing bulbs with their LED equivalents. LED bulbs are affordable and offer a much longer lifespan than their conventional cousins, so you’ll also save some money and maintenance if you don’t plan to sell your home right away.


Make it pop with paint: Fresh paint makes everything look better and also protects surfaces from wear and tear. If you are painting in preparation of a sale and are short on time or money, focus on repainting high-traffic areas like the kitchen and bathroom, and touch up areas that show obvious scuffs and scratches. Invest in high-quality paints in neutral colors to give your property the best projection and most appeal to the widest possible variety of buyers, advises Consumer Reports.


Bigger-Budget Basics


Stress-free structural systems: New shingles and systems aren’t the sexiest upgrades, but they can pay off when you put your property on the market. A fresh roof, a new heating and cooling system, and recently-updated plumbing and electrical systems are big selling points for buyers who likely devoted most of their savings to a down payment. Their new homeowner budget might not have much room for major repair costs early on, so be sure to highlight any recent upgrades to these basics.


Smart technology: While you’re at it, research smart home technology and install products that will give you the biggest rate of return. For instance, you can purchase a programmable thermostat for a few hundred dollars, and many utility companies offer rebates to help cover part of the cost. 


Savvy shopping: Making these upgrades before breakdowns or other unforeseen events turn them into emergencies has added advantages. You can enjoy the savings from higher-efficiency systems while you are still in the home and take your time researching the best and most cost-effective providers in your area, which will make your return on investment even higher.


For instance, one of the most common roofing scams is the fluctuating bid, also known as the elevator ride. This happens when one roofing company offers a low bid that beats others in the area only to claim extra expenses and unexpected problems are increasing costs once the job is underway. Homeowners can protect themselves from this and other scams by doing their homework before hiring. They should also make sure their roofing contract contains a section that details the total cost of labor and materials, as well as exactly how the contractor will handle damage to the roof’s decking that might be discovered after the project has started.


Consider making these home improvements if you plan to plant a “For Sale” sign in the yard soon. Until then, you can enjoy the results of your renovations big and small.





United Home Group - Keller Williams
879 Vanderbilt Beach Rd
Naples, FL 34108
KW Marco Island
830 Bald Eagle Dr.
Marco Island FL 34145

Keller Williams Peace River Partners
1675 West Marion Ave, Suite 112
Punta Gorda, FL 33950

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2022 Royal Palm Coast REALTORĀ® Association. All rights reserved. Information has not been verified, is not guaranteed, and is subject to change. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) of the Florida Gulf Coast Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than IDX logo and detailed information about them includes the name of the listing brokers. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Last Updated: 9/27/2022 10:18 PM CST
The data relating to real estate for sale on this limited electronic display comes in part from the Southwest Florida Multiple Listing Services. Properties listed with brokerage firms other than are marked with the BR Program Icon or the BR House Icon and detailed information about them includes the name of the Listing Brokers. The properties displayed may not be all the properties available through the BR Program. The source of this real property information is the copyrighted and proprietary database compilation of the participating Southwest Florida MLS organizations and is Copyright 2017 Southwest Florida MLS organizations. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it. Some properties that appear for sale on this limited electronic display may no longer be available. For the most current information, contact Data last updated 9/27/2022 10:18 PM CST.
The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS organizations Copyright 2022. Southwest Florida MLS organizations. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it. The property information herein is derived from various sources that may include, but not be limited to, county records and the Multiple Listing Service and it may include approximations. Although the information is believed to be accurate, it is not warranted and you should not rely upon it without personal verification.
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