If you’re looking for a home, you might be in the market for something that is move-in ready. If you are, you’re not alone. According to the National Association of Realtors, roughly 34% of recent buyers who purchased a home were looking to avoid renovations and problems with electricity or plumbing. You can actually save a lot of money if you decide to buy a house that needs a little TLC, though. Here are some home renovations that will make buying a fixer-upper totally worth it.
If you’re looking at a home that has older windows, they’re probably going to need replacing. Old, drafty windows can let air escape and increase your energy bills by 10% to 25%. It might scare you to take on the expense of replacing windows, but it will actually save you money in the long run. Plus, when you go to sell your house, you can get around 79.2% of that investment back.
If your home floods, you have a huge problem. Water damage can destroy your basement, appliances, and more. Luckily, though, drainage issues are usually an easy fix, and they will bring the price of a house down significantly. Around one-quarter of U.S. homes use a septic system, and you might just need to get the system repaired. Or, the issue could be as simple as cleaning out the gutters. Either way, don’t let drainage problems scare you away from buying a house.
During the house tour, you might be thinking, “where am I going to put all my stuff?” Well, the average American home has 300,000 items in their home, according to the LA Times. It makes sense for you to be thinking about storage. If the house you’re in love with is lacking, though, it’s ridiculously easy to buy extra cabinets for the local hardware store. You can also install other fixtures that create more storage in your home for a pretty low price.
Did you notice that the entry door was a little out of shape when you walked into the house? That shouldn’t scare you at all because replacing a door is incredibly easy. You can even install it yourself. Additionally, you can get a 96.6% return on investment on your replacement door.
Garage doors too
Your garage door protects the precious items in your garage, like your cars, your kid’s bikes, your lawn mower, and more. Therefore, you want it to be functional. Don’t let a broken garage door stop you from buying your dream home, though. You can pretty easily and inexpensively replace it yourself, and it has an ROI of 98.3%.
A major kitchen remodel is terrifying for some, and it isn’t always worth it. Minor kitchen remodels, on the other hand, are nothing to be scared of. You can easily paint the cabinets or change out the backsplash in your dream kitchen. Plus, minor kitchen remodels get an 82.7% ROI, so it’s worth the time and money.
If you’re looking at a home that doesn’t have the number of bedrooms you want, you can get creative. If it has an attic, you’re good to go. Attic conversions are extremely popular, and they can see an ROI of 84.3%.
Some people are scared of home renovations, but you don’t have to be. You can purchase a house for less if it has some issues, and you can fix most of them yourself. Plus, you’ll be reaping the fruits of your labor when you’re ready to sell the house. So, grab your tool belt and get to work on these simple home renovations.