- Improving your home’s value is a great way to increase its curb appeal and resale price.
- Renovate the kitchen with an outdoor kitchen for added luxury.
- Upgrade the bathroom with new fixtures, paint, lighting, and rain showerheads.
- Add a deck or patio for extra outdoor living space.
- Update the exterior with new paint, windows, roofing, and a decorative fence.
As a homeowner, you want to ensure your home is comfortable, functional, and appealing for your present needs and potential future buyers. While there are several home improvement projects you can take on, not all of them will yield a high return on investment. If you’re planning to sell your property soon or simply want to increase its market value, consider these practical home improvement projects that can make a big difference.
Why Increase Your Home’s Value?
Improving your home’s value isn’t just a way to increase its curb appeal and make it more attractive – it can also add real dollars to the resale price. When you invest in projects that pay off when you sell, such as remodeling or updating key features, you can often get much of your money back in the form of added market value.
It’s also not just about making it easier to sell – updating your home for increased value can make it more enjoyable to live in now. Small changes, such as installing a new kitchen countertop or replacing an outdated carpet, can significantly affect how you feel about your property and the amount of time you want to spend there.
Tips for Improving Your Home’s Value
There are various ways to improve your home’s value. Here are five practical projects that can make a big difference compared to their cost:
Renovate Your Kitchen
The kitchen is often considered the heart of a home and is the first thing potential buyers will look at when viewing a house. Updating your kitchen can add significant value to your home.
But if you want to make a difference, consider investing in a new outdoor kitchen in your backyard. You will need an experienced outdoor kitchen designer to ensure the project is done correctly and safely. An outdoor kitchen can be a great selling feature for potential buyers as it gives the property a unique and luxurious touch.
Upgrade Your Bathroom
A clean, bright, and functional bathroom can add value to your home. Consider replacing old fixtures, repainting walls, updating lighting, or installing a rain showerhead. You can also add value by installing energy-efficient and low-flow toilet systems.
You can also update your vanity with a custom-made, quality piece to make your bathroom look even more stylish and modern.
Add a Deck or Patio
Living space expansion is a popular way to increase the value of your property. By adding a deck or patio, you’re essentially giving potential buyers a new outdoor living area they can enjoy.
A great deck can be perfect for gatherings with family, friends, and barbecues. Consider non-slip decking options for safety, and extend the patio space to create an outdoor kitchen and dining area.
Update Your Home’s Exterior
When it comes to the first impressions of potential buyers, the exterior of your home matters a lot. Improving your home’s curb appeal with fresh paint and updated landscaping can enhance your home’s overall beauty.
Repaint your front door, add outdoor lighting, update or replace windows, and ensure your roofing is in good shape. You may also consider installing a decorative fence or wall for extra privacy.
Install Eco-friendly Features
More homebuyers are looking for eco-friendly features in homes in the market. By installing features such as solar panels, a water filtration system, or energy-saving appliances, you’ll appeal to interested buyers and reduce your energy consumption, lowering your monthly bills.
Starting Your Project
Now that you know what improvements can increase your property’s value, it’s time to start planning and budgeting for your project. Research contractors in your area who specialize in the tasks you plan to take on and ensure they are correctly licensed. Compile a list of materials you need and compare prices at different stores.
Moreover, don’t forget to consider the time it will take and whether you need to hire additional help. Developing a timeline for your project can help you stay on track and ensure everything is finished within an allotted budget.
Increasing your home’s resale value doesn’t have to be expensive or extensive. Starting with these simple improvements today, your home will have grown weight and give potential buyers a sense of what they could enjoy. Think of these home improvement projects as long-term investments that can help you enjoy your home more or, if necessary, make it market-ready. Happy renovating!