More Bang For Your Buck: Home Renovations that Add Value

If you’re looking to upgrade your space in hopes of selling, or you just want to upgrade your home, there are right and wrong ways to approach renovations. While you might have a long list of to-do’s, it’s best to prioritize projects based on the value it adds to your home- and budget. Read on to discover the best renovations to get more bang for your buck and recoup your spending when it comes time to sell. Most importantly, protect your operation with a comprehensive Delaware Home Insurance policy.

Bathroom makeover.

Installing a tub, revamping the shower, or adding tile, a vanity and a new toilet will cost approximately $10,000. However, you’ll get an even higher purchase offer from potential buyers. You don’t have to spend top dollar to make it look great. Re-glaze your existing tub and remove shower doors to create more space.

Landscaping.

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

Install fresh sod for about 30-35 cents per square foot, vary the heights of plants, add in some flowers for color, and trim hedges that line your door and windows. Add a walkway or a focal point to the yard, as well. The smallest bit of effort can transform your yard into something beautiful.

Kitchen overhaul.

This is one of the most important rooms of the home. 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, says HGTV.

Be sure to include features that reflect your home’s initial worth. If you have an upscale home, worth an excess of $500,000, be sure to install luxury features such as concrete, marble or glass counters, high end appliances and quality flooring. The purpose of remodeling is to get more at selling time, so be sure to tap into what your prospective buyer wants.

About IFS Insurance

At IFS Insurance, we specialize in protecting homeowners and renters throughout Delaware, New Jersey, Pennsylvania, and Maryland. Our quality solutions and commitment to excellence has allowed us to serve these states for over 50 years. For more information about our products, we invite you to contact us today at (800) 598-0420.

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