Whether you’re thinking of selling in the next six months or a few years down the road, remodeling with ROI in mind is a smart move. Your home is a huge financial investment, and any money you put toward it should not only increase your enjoyment of the home now but also add value that you’ll recoup when you sell.
According to the Zillow Group Consumer Housing Trends Report 2018, sellers make an average of 2.2 renovations or improvements before selling. And 79% of sellers make at least one improvement, which means that only 21% list their home as-is.
How to budget for renovations to increase home value
Before researching renovations that might add the most value to your home, decide how much you can afford to spend and how you’ll pay for the renovations.
All-cash home improvements
If you can afford it, paying cash is your best option, as