Got the itch to boost your home’s value with improvement projects? Consider choosing projects that “pay you back” with increased property value once you’re ready to sell. Proactive homeowners with tools in hand can choose a variety of projects that increase home value. Here are some ideas to get you started.
One of the best ways to increase your home’s value is with a kitchen remodel. Renovating the kitchen can be one of the most expensive options. However, you can maximize your return on investment (ROI) by making smart renovations. Choose items that will be attractive to prospective buyers. Think about durable items such as high-efficiency appliances and energy-efficient lighting fixtures.
You can also make targeted space-saving items, such as kitchen cabinetry and pullout shelving or custom counters. Something like custom wood countertops, for example, adds charm, as well as value. As you think through your ideas for the kitchen, consider ideas that can make your home look like a built-in showplace!
Other projects that can boost your home’s value include adding a new bathroom, making a new room, or replacing the windows. The possibilities for these types of projects are virtually endless, but focus on making sure the new addition or installation will be attractive to potential buyers. These types of upgrades and additions can be done on the cheap and they have the added benefit of providing you with extra space to enjoy. And you can gain an even bigger return on these types of projects if you include features such as energy-efficient windows or appliances.
Finally, updating the landscaping can increase your property’s curb appeal. Plant shrubs, trees, and flowers that are easy to maintain. Consider adding walkways, outdoor lighting, and an outdoor fireplace for added value. These improvements are relatively easy and inexpensive, but they can make a big difference. They’ll also enhance your enjoyment of the property in the meanwhile.
Smaller, creative projects should also be considered. Adding a fresh coat of paint to the walls or upgrading door handles and hardware might be relatively low-cost projects, but they can give your space a boost and frighten away the ghosts of homeowners past.
Replacing your roof can be a large expense, but making sure your roof is up-to-date is essential, especially for older properties. A roof inspection should be done before spending big bucks. Chances are you may be able to restore your existing roof to its original condition instead of having to replace it. It’s also possible for fixer-uppers to secure a renovation loan to make repairs for their home.
Whether constructing something from scratch or simply replacing existing items, attic and basement improvements can really pay off – both in your satisfaction in enjoying your place and the financial value of your investment. Consider building a separate living area in the attic or basement to increase usable living space. Add a kitchenette or small bathroom to maximize the appeal to potential buyers, and make your investment more worthwhile.
Carpeting is so important to make sure that your home’s overall look and feel is up-to-date. If your carpets are looking a bit worn, it may be time to replace them. Choose carpets that will look attractive but are also durable and easy to maintain.
Adding smart home features can give your property an edge over the competition. If you haven’t already done so, consider making a few smart upgrades to your home. Smart thermostats, security cameras, and smart lighting are great options to enhance any home’s value.
Decking is one of the best home improvements for adding value and appeal to your outdoor spaces. Install a modern deck and it not only looks great, but adds considerable value to your home. Consider opting for materials that are easy to maintain and look attractive to potential buyers.
Exteriors are very important for the protection of your home in addition to the value you might gain from replacing or upgrading your roof. Consider sealing your roof and caulking any gaping holes from your exterior. If you are looking to upgrade your exterior, consider replacing windows and doors or siding that require energy to remain cool during the summer. If you’re feeling daring, you can consider adding a fresh coat of paint to your home’s exterior for a vibrant and attractive look.
Your energy-efficiency rating can be greatly improved by installing a number of designed products. Even if you’re not looking to do a full scale remodel, you can update your home in various ways that can make your energy bills drop significantly. Think about replacing water heaters, window treatments, light bulbs, and other energy draining products. These items can easily be upgraded with more energy-efficient and easier to operate models.
There are many ways to improve your home without spending a lot of money. If you’re looking to make your home look better and have a better value for years to come, this is one of the best ways to go about it. Just be sure to make smart decisions and to do research before you start any major home improvement project. With the right approach and product selections, you can easily increase the overall value of your home.