Sure, kitchen and bath renovations get all the glamour and credit for offering high returns on your investment when it’s time to sell your home. But a host of other, often-overlooked improvements can also offer great ROI – while completely changing the look of your home at a fraction of the cost of bigger projects.
“Improvements like upgrading your home’s stair case can give a home a fresh look quickly and affordably,” says Dale L. Reutter, president, WM Coffman, which has been making and distributing stair products for more than 130 years. “These upgrades can offer impressive ROI, and also enhance the enjoyment and usability of your home.”
If you’re looking for home improvements that will pay off in the long-term, plus give your home a fresh look now, consider these high-impact, lower-cost upgrades:
* Change the front door. The door to your home is not only a key element of its exterior look, the door can set expectations for what guests will see inside your home as well. A new front door makes a statement for both the inside and outside of your home. When you sell your home, that new front door can return as much as 73 percent of the initial cost for steel doors and nearly 54 percent for fiberglass doors, according to Remodeling Magazine’s Cost vs. Value Report.
* Layer and upgrade lighting in key rooms such as living rooms and family rooms. Replacing outdated lights can create a fresh, appealing atmosphere in a room. But don’t stop at overhead fixtures. Layer your lighting by adding new floor lamps and table lamps. A variety of lighting sources and types allows you to change moods in a room with the flip of a few switches.
* Repaint ceilings and baseboards. While you may be aware of the benefits of painting walls, many homeowners overlook the value of painting ceilings and baseboards. Repainting a ceiling – even if it’s plain white – dramatically brightens a room. The same is true for painting trim; the freshness of updated trim can draw the whole room together. So the next time you paint a room, be sure to do ceilings and trim as well.
