When it comes to remodeling, not all projects have the same return on investment. Which projects should homeowners consider before listing their home for sale? Here's a look at five areas where you may get the most bang for your buck:
Refinish Hardwood Floors
Refresh the entire look of your home with newly refinished floors that cost, on average, $2,500 and increase a home's value by nearly the same amount.
Add New Wood Floors
Replacing carpeted areas with wood flooring can raise the value by as much as $5,000.
While this may not be obvious during an initial viewing, updating the insulation in attics and walls can increase a home's value by as much as $2,000.
Install a New HVAC System
Energy-saving improvements, like a new HVAC system, add value while providing lasting peace of mind. You may be able to obtain a tax deduction, too.
Increase Your Living Space
Converting a basement into a livable space can increase the value of a home by as much as $25,000.