Remodelling Old Houses to Gain Profit
When it comes to the easy way to remodel old houses and sell them for huge profit, there are a number of projects that you can do. The list of profitable projects could start from small part of the house up to major renovations. Some renovations may cost relatively low while others may need moderate investment. But the sure thing is you will be getting the return of investment once your house has been sold. The purpose of these projects is to enhance the aesthetic of the house for it to become attractive for the buyers.
If you are looking forward to renovate your old house to gain more profit afterwards, you can start with these several projects that will be mentioned below:
Replacement of garage door
House buyers are always attracted or enticed into doors, especially garage doors replacement. You need to make the buyers believe that the interior of the house is good by displaying an excellent garage door. More often, buyers are disappointed if the house’s garage door is inefficient and unattractive. New garage door models also help the house’s insulation as compared to the old ones. This investment’s average cost is around $1000 to $2500. As a homeowner, you can expect to get back 80% of your investment.
Entryway in the form of steel door
Although the project is indeed one of the smallest, it is listed as the number one project that really pays off. The statistics was drawn from the study of The National Association of Realtors. Installing steel doors will definitely increase your home’s efficiency when it comes to energy; these doors are also durable and secured as compared to other entry doors. Your investment could be around $1200, and 97% of it will be paid off when the house has been sold.
Addition of wood deck
This place is one of the go-to locations in your house. It is where most people gather for cookout and conversation. If you are opting to resell your house, decks should be given attention. But unlike any other type of profitable renovations, this one will cost you a lot. As Keechi Creek Builders advise, the price tag for wood deck installation could be around $10000; homeowners could expect the revenue of 87 percent by the time the house is sold.
Remodelling of the kitchen
Major remodelling of kitchens all over the US has returned 80% of the investment. The average cost of the total renovation could run around $5000. When remodelling the kitchen, you need to stay true to the theme, so it will be attractive to buyers. Always address the malfunctions, misplaced appliances and leaks when performing renovation. Exactly the same logic applies to renovation of bathrooms.
The tips above regarding the easy way to remodel old houses and sell them for huge profit will help you a lot. Most of all, you need to make your house energy efficient. It is the number one requirement that your house should have. Perform energy audit in your home ahead of time, so you can address energy efficiency before putting the house on sale.