Remodeling your home can be fun and rewarding, but it’s also an investment where best returns on money spent is essential. Even if you’re not currently thinking of selling your home, it makes sense to undertake remodeling jobs with the needs of future owners in mind. Before beginning your next project, consider these important points.

  • Don’t price yourself out of the local market by over-improving. Consult with a local real estate agent about conditions in your neighborhood and go with upgrades he or she recommends. You could see a significant increase in your home’s resale value when changes are made that bring it in line with other homes in your area.
  • Concentrate on getting the best bang for your buck. Remodeling magazine recommends upgrading windows, garage doors and decks. Check out their annual online report evaluating the return on investment for various projects.

You can make some smaller improvements that result in a contemporary aesthetic, which is what potential buyers are looking for when they drive up to your home. Try some or all of these:

Freshen up the exterior. In real estate, curb appeal is known as the frosting – a property’s appearance from the street. What’s inside is important, but your home’s exterior should reflect your pride of ownership. You can accomplish this by staying on top of seasonal maintenance such as clearing gutters, disposing of fallen leaves and removing clutter from outdoor spaces.

Reimagine existing space. A full-blown addition isn’t necessary to gain more space. Two pricier but worthwhile improvements are attic and basement bedrooms or home offices. Utilizing your home’s useable square footage will increase its value for less expense than an addition. Pocket offices are very popular and can be located in hallway niches and large closets. Take a seldom used room and convert it to media room for the entire family to enjoy.

Reface existing fixtures. Kitchen and bath remodels are still good investments, but do not get back the biggest returns on resale. Instead, modernize older rooms by replacing or resurfacing cabinetry and countertops. Switching out dated appliances and fixtures can make an old room look new again.

Go green. Today, energy efficiency is a must. Replace old appliances with energy-efficient models and install low-flow faucets and toilets throughout your home.

Finally, check out magazines and online resources for ideas on smart home improvements and start enjoying your “new” home today.