12 home improvement projects that pay for themselves
These smart upgrades pay off big in resale value and enjoyment of your home.
“For an immediate face-lift, update your light fixtures,” says Kim Howard, Realtor and co-founder of Howard Homes Chicago. Not only do buyers love the cohesive flow new lighting gives the home, but Howard also says new lighting easily increases the value of the home by 1 to 2 percent.
Give cabinets new life
“Replacing your cabinets is a huge cost that is not completely necessary if the cabinets are less than ten years old, functional, and made from a high-quality wood,” says John Milligan, Product Development Manager at N-Hance Wood Refinishing. Refinishing can cost around $3,000 to $8,000 and can potentially bump up the value of your home between 3 and 7 percent.