While it may not be the most exciting home improvement to plan, the best investment home owners, and especially sellers, can make is basic home maintenance and upkeep.
According to Remodeling Magazine (www.remodeling.hw.net), you are less likely to recoup investment in a major kitchen or bath renovation than you are on basic home maintenance such as new siding or a new roof. Siding replacement recouped 92.8 percent of its cost, according to the magazine. Replacing roofs and windows also offer a high return on investment, returning 80 percent or more at resale. Buyers would rather live with a slightly outdated kitchen or bathroom than face a roof or siding replacement, so these improvements are a good bet if you are considering selling.
If you’re not selling, a new, dependable roof is likely more valuable to you than a new bath, as the roof protects your investment overall. New windows and siding can retain your home’s heat or cool temperature better than old, leaky ones. Not the most glamorous news, but great advice for homeowners!
-written by Rhoda Wheeler