Seattle Real Estate News

Projects that help increase your Return on Investment (ROI)

January 8th, 2023 7:58 PM by Sam Kader

Winter is an excellent time for making improvements to your home. Temperatures might be cooler but contractors' schedules are lighter. The season is perfect for making changes to your home that improve your comfort as well as your resale value.  Here are six ways to bring more comfort to your home and give you better chances to sell during the homebuying and selling season. 

Updated Wood Floors - Wood floors provide a timeless, classy look to any home. Plus, they're built to last. A well-cared-for wood floor can be a beautiful part of your home for more than 100 years. These floors also collect less dust and debris than carpets which is good news for allergy sufferers. If you are planning to have a professional do the installation, you should plan on investing about $6,000 to $12,000 per 1,000 square feet. 

Updated New Appliances - A relatively inexpensive upgrade would involve replacing your kitchen appliances. Not only will you enjoy the streamlines look of matching and more energy-efficient appliances, but you can also see about a 3% to 7% increase in home valyue. This upgrade usually costs roughly $3,000 to $8,000 depending on  how many pieces you replace, what brands you choose and whether you DIY or have them professionally installed. 

Upgraded HVAC system - New requirements have emerged for air conditioners so newer models are more efficient than previous ones. While new HVAC unit can run anywhere between $5,000 to $10,000 - Money Magazine reports you can get between 5% to 10% ROI on your home value. 

Finished Basements. Finishing your basements can give your home the extra space you need such as adding bedrooms or playroom while increasing  your home value. According to HGTV, you can get about a 70% ROI for your basement remodeling costs (assuming your budget is between 5% to 10% of your house's current value). 

Posted in:Home Maintenance and tagged: Home Maintenance
Posted by Sam Kader on January 8th, 2023 7:58 PM


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