Regardless of whether you’re planning to sell your LA home soon or you just want to refresh some areas of your Singapore home, it’s important to invest in home improvements with the best ROI. This way, you’ll not only ensure your home is in top-notch condition, but you’ll also increase its value. As all renovations are different and come with specific financial implications, you need to choose wisely where you want to invest your money. To help you, we’ve prepared a list of 7 home improvements that come with a high ROI. As they’ll help you sell your home quicker, perhaps you should consider getting in touch with LA’s finest movers soon, too.
Home improvements for your Singapore place with the best ROI
No matter how minor, renovations are rarely easy and need to be thoroughly planned. Things tend to get even more difficult if you’re unsure what parts of your Singapore home you want to renovate. To give you a sense of where your renovation budget should go, we did our research and selected seven home improvements that will help you boost the value of your home.
#1 Kitchen renovation
Real estate professionals tend to say that kitchens and bathrooms sell homes. This practically makes them the most important rooms in any home. However, you don’t have to go all out and renovate your entire kitchen. Instead, invest in minor upgrades as they are the ones that make the biggest difference.
Here are some kitchen home improvements you should consider:
- Replace or update your kitchen cabinets.
- Refresh your kitchen walls with a new color.
- Invest in a new backsplash.
- Update or refresh flooring.
- Make your kitchen energy efficient.
- Upgrade your lighting.
Keep in mind that, even if you’re doing a minor upgrade, you need to ensure you protect your other belongings from potential damage. In case you don’t have enough space in other rooms of your home, the team from Los Angeles Transfer suggests renting a storage until works are completed.
When selling a home, curb appeal is one of the most important things to pay attention to. Potential buyers first see the outside of your home, and if they don’t like it, they’ll turn around and look elsewhere. This makes the outside of your home a perfect area to invest your renovation money.
From updating your landscaping to remodeling your home’s facade, there are plenty of things to do on the outside of your home. Of course, make sure to analyze and know what your home needs before going overboard.
#3 Hardwood floors
It’s not a secret that most buyers want hardwood floors instead of carpets. However, did you know that an average ROI for installing them is between 70-80%? Investing in them pays off in so many ways!
If you already have hardwood floors, there are cheap home improvements that will help you make them look brand new. For instance, you can have them polished and restore their shine. Trust us; there are always some minor upgrades that can help you do wonders with your space without having to spend too much.
#4 Finishing the basement
When considering what renovations to do, keep in mind that projects that add functional space and square footage are value-adds that will stand any test of time. Home additions, finished basement, or even moderate appliances upgrades don’t rely on design trends and thus give a great ROI.
Finishing your basement is one of those additions. In fact, finishing the basement brings up to 90% ROI. Even though it’s a big project, it’s definitely worth it. Even if you’re not planning to sell soon, you can use this space for a game room, home gym, or anything else that comes to your mind. Plus, going through this amount of work will help you boost your skills and learn valuable tricks such as packing hacks and similar.
#5 Adding a deck or a porch
If there’s enough room and your budget allow you to, consider adding a deck, patio, or porch. These features add a lot of perceived value to a home and give an ROI of up to 90%.
These features are in demand among buyers everywhere. So, if you are looking to sell your Singapore home after renovation, investing in a porch, deck, or patio is a great way to go. It could end up being a selling point a buyer was looking for. In case you’re not planning to sell soon, you’ll be increasing the usable living space in your yard. It’s a win-win in any case!
#6 Replace windows
Nowadays, eco-friendly home features are very popular among buyers. Not only in South East Asia but all around the world. And how wouldn’t they be? They will help you save money on utilities, live a healthier life, and lower your environmental footprint.
One of the best green home improvements that give great ROI is replacing your windows. They will improve insulation and thus reduce your heating and cooling bills. As a bonus, they will also make your home look great on the outside.
#7 Bathroom remodel
Remodeling your bathroom is one of the best ways to boost the value of your home and get a great ROI. In fact, if you’re looking to sell your home in Singapore, doing a bathroom remodel (even a minor one) is better and more profitable than initiating little projects in every room. If your budget is tight, you’ll be happy to know that even the smallest bathroom upgrades give a great ROI. For instance, replacing the showerhead with a rain shower, updating lighting, or changing the vanity.
On the other hand, if you have a lot of funds allocated for your renovation, a full bathroom remodel will also give you a great ROI. Plus, it can help you attract more potential buyers in case you’re planning to sell.
Which one of the home improvements with the best ROI will you invest in?
Depending on your budget and personal circumstances, you will be able to choose one or more home improvements with the best ROI. Keep in mind that no matter how minor your home improvement project is, you still need to prepare well and do your research before hiring professional help. Also, make sure to set a realistic budget and stick to it. In case you’re selling your home, don’t forget to count your moving budget, too. Now, get to work and good luck with your renovations!