Whether you own a home or are looking to buy your first, increasing the value of your home is something you cannot afford to overlook. When it comes to increasing the value of your home, there is a lot more to consider than just cosmetic changes. We’ve compiled a list of ten suggestions that can not only improve the appearance of your property but also raise its worth and value.
Get Your Kitchen Remodeled
Kitchen improvements, whether big or small, are an excellent way to raise the value of your property. According to Remodeling Magazine, depending on the style of the makeover, the materials used, and where you live, you may expect to recoup anywhere from 53% to 72% of your investment in a kitchen redesign.
Start small when redesigning. Change the kitchen faucet, add new cabinet hardware, and replace old light fixtures with modern, energy-efficient alternatives.
You can also opt to repaint the old cabinets rather than replace them. You can also hire a contractor to refinish the cabinets and install new ones, as well as add new drawers, doors, and other hardware. These small redesigns will improve the overall look and feel of your kitchen.
Minor Kitchen Upgrades:
- Adding an island
- Putting in a new backsplash
- Refinishing cabinets
- Updating light fixtures
- Upgrading faucets
- Adding more storage space
Major Kitchen Upgrades:
- Replace and/or add Cabinetry and countertops
- Increasing the number of windows, doors, or even square footage
- Investing in high-end appliances
- Installing wood, laminate, or tile flooring
- Including additional sitting, dining, storage, or cooking space
Upgrade your Bathrooms
Upgrading and remodelling your bathrooms are another way to increase house value. These remodels can appeal more to future buyers.
Here are some potential upgrades you can do:
- Repainting, retiling, and reflooring
- Adding new tubs, sinks, showers, or toilets
- Putting more storage space
- Upgrading lighting fixtures
- Installing vanity mirrors
Another alternative is to add a bathroom to your home, particularly if you only have one. Homes with numerous bathrooms are in high demand in the real estate market, and you’ll undoubtedly enjoy the convenience.
Add a Deck
Projects that make your outdoor space more functional and practical boost the value of your house. Decks and patios can have a ROI of more than 64 percent depending on the materials used, such as wood or composite decking.
Adding a deck is worthwhile because of the large return on investment. One explanation for this is that decks expand living space while costing less per square foot to create.
If you already have a deck, you can refinish and pressure wash it to improve its appearance. Do repairs if necessary like replacing any rotten boards or broken pavers. Updating your current outdoor buildings is a low-cost approach to boost your home’s appeal to purchasers and add to its overall desirability.
Upgrade the Appliances
If your appliances don’t match, you might want to consider getting new doors and face panels. This will offer your home a more coherent appearance without incurring the exorbitant costs of upgrading the appliances.
You can also replace old appliances with newer, more energy-efficient models that are better for the environment and consume less energy. When looking for a new house, potential buyers are frequently seeking methods to save money.
Transform an Unused Space
Many houses have unused spaces like basements, attics, and bonus rooms that are simply waiting to be used.
Make use of these spaces to increase your living area. This will appeal more to homebuyers and will definitely increase the value of your house.
Some projects you can do:
- Guest bedroom
- Home office
- Game room
- Home gym
- Second living room
- Study or Library
Remodel the Basement or Attic
Increasing the square footage of your home might quickly grow and wind up costing more than you anticipated. So rather than trying to expand, remodel the current space you have. Consider remodelling the attic into an additional bedroom or a workout space. Maybe make a family room out of the basement. The more adaptable the room, the more appealing it is to future owners who can customize it.
Improve Energy Efficiency
A home inspector will notice if your home lacks adequate insulation or if your doors and windows are drafty. All of this leads to increased energy usage, which will cost the homeowners more. Begin with simple changes, such as adding more insulation to your attic. To prevent energy loss, seal cracks around doors, windows, light switches, and electrical outlets.
Energy-efficient appliances and construction materials provide numerous advantages. They not only assist to save money on energy expenditures, but they can also help to lessen the environmental effect of your home. Here are some initiatives to think about:
- Invest in a smart thermostat
- Install solar panels
- Replace old windows
- Purchase Energy Star appliances
- Improve insulation
Smart Home Automation
Smart home gadgets are becoming increasingly popular in the real estate industry, contributing to increased property values and fresh attractiveness for potential purchasers. The following are some of the most popular smart house upgrades:
- Smart home security systems like doorbell cameras
- Smart lights
- Smart smoke, carbon monoxide, and radon detectors
Boost Curb Appeal
First impressions are important. Improving your home’s curb appeal can be as simple as cleaning the siding or as complex as installing a new walkway. It does not have to be costly to be effective.
Installing a new front door is a quick and inexpensive way to instantly improve the appearance of your home. You can also repaint or replace your home’s siding, maybe even add stone veneer to your entryway and install new lighting to boost your home’s curb appeal.
Landscaping
Landscaping can also boost curb appeal and add value to your property. Some landscaping projects you can do include weeding flower beds and planters, removing dead trees and bushes, planting trees, replacing old mulch, reseeding your lawn, and more. These projects are low-cost and can be DIY-ed so you won’t have to pay for a professional to do them.
Final Thoughts
Home renovators are always looking for the best strategies to increase the value of their property. Even with wish lists, it’s difficult not to feel overwhelmed by the sheer quantity of potential home renovation projects.
These are only ten home improvement suggestions for anyone thinking about renovating. Of course, there are many more, but these are some of the best ideas. Nonetheless, the cost can be an issue. After all, most of us don’t have an unlimited budget for home repair work. However, there is some good news: these enhancements may not be as costly as you think. You can make your next home improvement job more reasonable with a little research and planning.