Spring is a time for rejuvenation, and that includes your home. Investing in a few well-conceived but affordable improvements could potentially pay you big dividends not only in terms of your own enjoyment, but also in improving your resale value. The big question is: Where to spend the money?
The kitchen is normally the focal point of any house. As such, improvements to this area are a good choice both in terms of quality of life and for resale value.
As a general rule, the more visible an improvement is, the better your chances for a good return on your investment at resale time. For example, mentioning you have a new water heater won't have the visual impact of a new tile backsplash -- even if they cost the same.
If your kitchen layout is good and doesn't need to change, then re-facing your existing cabinets is a lower cost option than replacing all your cabinetry.
For the more budget conscious, a fresh coat of paint is one of the least expensive improvements that can refresh your kitchen's look. In fact, dollar for dollar, a fresh coat of paint can deliver one of the best returns on your investment. So, why stop with the walls? Painting your cabinets and replacing handles with updated hardware can revitalize the entire look of your kitchen.
Thinking of a new floor or tile backsplash? Installing flooring or tiles on the diagonal creates an optical effect that will draw the eye away, to create the illusion of more space. A new tap, and possibly a trendy new sink are also very affordable options to give your kitchen a relatively quick and affordable 'facelift'.
If you're not sure what's worth doing, why not contact your local Coldwell Banker professional? Your Coldwell Banker sales representative is a great source of information about how changes may impact the future resale value of your home.