There are several quick upgrades you can do that not only add to your home’s value but allow you to achieve a decent return on investment when it’s time to sell. Here is a look at four quick upgrades that will be worth the time and money.
1: Replace the Old HVAC System
Image via Flickr by Jeremy Levine Design
Buyers want a home with an efficient heating and cooling system. If your current HVAC system is more than 20 years old, you should consider replacing it with a ductless system. This type of system is especially beneficial because it can be integrated with zoned heating and cooling, which allows families to heat and cool their homes according to customized comfort settings.
There are many affordable ductless systems to choose from when doing an HVAC upgrade, including the F High Wall Ductless System, P High Wall Ductless System, and the R*D Ducted Ductless System, to name just a few. Even though you will likely recoup only about 30 to 35 percent of what you invest in a new HVAC system, the value it adds in the eyes of buyers may be the reason they choose to purchase your home for asking price.
2: Redo the Vinyl Siding
The exterior of your home is going to play a major role in how well your home attracts the attention of buyers. If your home doesn’t have curb appeal, many buyers won’t even consider what the inside has to offer. This is why redoing the exterior with new vinyl siding can be a great investment.
According to CNBC, you can expect an astonishing 89 percent return on investment at resale when you add new vinyl siding to your home. This means if you spend $10,000 on new vinyl siding, this will increase your home’s value by $8,900. You won’t find many other quick upgrades that have such a high ROI.
3: Install New Windows
Another quick way to increase the value of your Texas home is to replace old windows with vinyl ones. Isoldmyhouse.com has a nifty chart that outlines how much of an ROI you can expect on various upgrades. The chart details that a vinyl window replacement has an average ROI of 85 percent, meaning if you spend $12,000 on new windows, you can up your asking price by $10,200.
4: Finish the Basement
Last on our list of quick ways to add value to your Texas home is finishing the basement. Not only can this add to the living space of your home but you’ll enjoy a 79 percent ROI, too. Many home buyers these days prefer basements with at least one bathroom, one guest bedroom, and a theater/media room, so make sure you keep those ideas in mind during the upgrade.
Performing upgrades to a home you’re going to sell is an excellent way to add to its value. You will want to be careful, however, in deciding which upgrades to perform. Your goal is to add to your home’s value while making sure you can recoup as much as possible regarding the money you invest.