As the CEO of Freedom Mortgage, Stan Middleman encourages homeowners to use “their home as a tool to build wealth,” much like his parents did with their first home.
“I remember my first personal exposure to a mortgage was when my dad got a VA mortgage loan on our first house … and what wealth my parents were able to build in their lifetime came from their home and a lot of it started by being able to take advantage of these VA benefits,” Middleman said in a recent interview with CBS Radio’s ConnectingVets.com.
One way to do that is to undertake projects that will add value to your property.
So whether you’re a homeowner looking to sell or simply interested in getting a higher return on your investment, here are 5 remodeling projects you should consider.
1. Give the exterior a fresh coat of paint.
A fresh coat of paint can really help brighten and clean the exterior of your home.
However, if painting the entire outside structure isn’t within your budget, painting the shutters, gutters, and other trims is a quick way of updating your home’s outward appearance.
2. Spruce up the yard.
Mowing your lawn, tidying the landscape, and putting away toys and bicycles are easy ways to make the walk up to your house inviting.
Adding a few plants to a garden bed for a pop of color or putting a potted plant next to the front door will also help attract potential buyers.
3. Install new siding.
Replacing the siding on your home can give you the opportunity to change the color of its exterior which could also help with curb appeal.
Consider using fiber cement siding which is typically more fire-resistant, termite-proof, and able to withstand some damage during severe storms.
4. Replace the windows.
Aside from helping with curb appeal, new windows help insulate the home better, which can save big bucks on energy bills.
Plus, potential buyers will appreciate not having to deal with the extra hassle of paying for the cost and installment of new windows.
5. Upgrade kitchen appliances.
In lieu of a major kitchen remodel, consider spending some money toward minor upgrades like buying new energy-efficient appliances. New appliances could also help boost the listing price of your home.
If new appliances are not within your budget, perhaps installing a new sink and faucet or giving your cabinets a fresh coat of paint.
907 Pleasant Valley Avenue | Suite 3, Mt Laurel, NJ 08054 | Lender: NMLS ID: 2767