Top 4 Home Updates That Pay Off

Beyond basic maintenance, there are certain home updates that warrant a better return on investment than others.  So that you can be sure your efforts and investment pay off, here are HGTVs top 4 recommended updates: 

    1.  Minor Bathroom Remodel  
    Average return at resale: 102 percent

    It costs about $10,500 to replace the tub, tile surround, floor, toilet, sink, vanity and fixtures. You’ll get back an average of $10,700 at resale, a recoup rate of 102 percent.

    If you can pipe a child’s name on a birthday cake, you can re-caulk a tub. Use a softener like CAULK-BE-GONE to get rid of the old caulk. Fill the tub with water after you’re done to stretch caulk while it dries.

    If your old tub is too large to fit out the door, re-glaze it for a like-new finish. Cost: $300 to $400.

    Remove dated wall coverings and apply a fresh coat of paint. For damaged walls, spray-on texture provides quick coverage.

    Replace old shower doors or remove them to add the illusion of space.

     


    2.  Landscaping 
    Average return at resale: 100 percent

    The average homeowner spends about $3,502 for landscaping and $1,465 on a designer, according to the American Nursery Landscape Association.

    Not sure where to start? Local garden centers often offer free design services, or ask the neighbors what works for them.

    Sod costs about 30 to 35 cents a square foot, so a 5,000 sq. ft. yard would cost about $1,500 to sod. Budget for delivery fee if you buy less than 1,000 sq. ft. of sod.

    A splash of color at the front of the house is an eye-catching plus. For maximum impact, use one color and vary the height of plants.

    If your doorway is overwhelmed by greenery, get out the shears. Replace overgrown shrubbery with flowering foundation plants, mixing heights and colors for dramatic effect.

    A charming focal point like a walkway and fountain adds major value to your property. Roll a sealant on flagstones for a permanent wet look that enhances the color.

     


    3.  Minor Kitchen Remodel 
    Average return at resale: 98.5 percent

    A minor kitchen remodel averages $14,913 for $14,691 at resale, a recoup rate of 98.5 percent. Do a minor remodel when your kitchen needs a cosmetic update and not a drastically different floor plan.

    A $15,000 kitchen update covers 30 feet of re-facing for cabinets and drawers, a new wall oven, cooktop, sink and fixtures, laminate countertops and resilient flooring.

    Put recessed lights 3’ to 5’ apart on center and 18" from cabinets to light the countertops. Running the lights between two joists is easier than running through the joists.

    If your home is worth more than $500,000, go with stone or trendy glass countertops.

    Cover old vinyl with laminate or tile flooring.

    Brighten up the kitchen by sanding and painting existing cabinets. It's much less expensive than buying new ones. 


    4.  Exterior Improvements 
    (Siding, Paint, Updated Front Entry)
    Average return at resale: 95.5 percent


    The average national cost to replace 1,250 sq. ft. of vinyl siding: $7,239. Average return: $6,914, with a recoup rate of 95.5 percent.

    A gallon of paint covers 400 sq. ft. of house.

    Paint color cards take the guesswork out of choosing the right color combination for doors, trim and siding. 

    If your house was painted before 1978, test for lead before sanding or scraping.

    Upscale, fiber-cement siding costs $10,393 and returns $10,771 at resale, an even better recoup rate of 103.6 percent

    If you need columns to hold up a pergola, purchase the load-bearing type. Fiberglass composite columns are popular and durable. Check salvage yards for unique historic columns.

    For an updated look, remove old awnings from windows and doors.

    Swap damaged wrought-iron railings for real wood supports for a more inviting entry.

    Give a bare, charmless porch a dramatic makeover by adding a pergola and columns.

     

    For a complete list of recommendations specific to the property you're selling, get started today with a custom Staging Report.


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