Which projects might be the best to complete when thinking about home resale?
As usual, the kitchen is the focal point on interior value. From there, it’s the bathrooms and wood floors (instead of carpet) which boost your return. But what folks may be missing is what I call the “big ticket items”. Buyers are savvy when it comes to research these days. And when they get the Seller’s Disclosure, they’re looking for these important factors: The age of the roof, HVAC system and water heater. So if you have a 30-year roof, and it’s 27 years old, replacing it is a tremendous selling point that may give you the edge over the competition. The same goes for the other components I mentioned. The good thing is that you can likely get the value back out of these upgrades. Let’s face it: buyers will spend their budget on the purchase…and rarely have additional money set aside to replace the roof, HVAC, water heater, etc. So check up on the ages of these systems. If they’re near the end of their shelf-life, you may seriously want to consider replacement prior to listing. If all of them are in great shape, then go ahead and splurge on that big kitchen renovation.
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