Home Improvement Projects That Add Value To Your Home
The real estate market is slowly starting to climb back up and in an effort to add value to their properties, many homeowners are looking for home improvement projects that yield a big pay off. Even if you’re not looking to sell your home just yet, completing projects that can increase the overall value of your property is a good idea. The money you invest now is money that you will get back when you put your home on the market!
Don’t just randomly choose projects as that never ends well. Wasting money is never a good idea, so here are our top project picks with great potential to increase your property value:
1. Repaint A Room
Worn out paint and dark colors aren’t very attractive in a modern home. When you want the most bang for your buck, opt to repaint different areas of your home. It’s best to choose neutral colors if you’re looking to sell, and even if you’re not, neutral colors provide the perfect backdrop for your furniture and accessories.
2. Finish Your Basement
If you have a dirty or unfinished basement in your home, converting it into an extra room is a great way to add value to your home. It can serve as an extra family room, man cave, or even guest bedroom for friends and family. Of course, it’s one of the most expensive home improvement projects that you can undertake, but it can be a real selling point for your home in a competitive market. If your basement has concrete cracks it may need a foundation repair.
3. The Kitchen Facelift
The kitchen serves as the heart of the home, so it’s important that it has up-to-date appliances, fresh cabinets, and a decent backsplash. Kitchen home improvement projects can be as minimal or extensive as your budget allows. For example, if you’re on a tight budget, you can resurface your cabinets instead of replacing them. However, old appliances should be thrown out and new energy efficient appliances should be put in place to save on energy costs.
4. The Bathroom Facelift
Just like the kitchen, your bathroom can be a selling point and an up-to-date bathroom gives you a great return on your investment. You can, of course, replace everything in your bathroom if your budget allows for it, but for a more budget-friendly solution, try salvaging your old fixtures, sink, and bathtub. Just by replacing the mirror, installing new flooring, and resurfacing your tub and sink, your bathroom could look new and modern.
5. Investing In A Deck
A deck is a great addition to your home for recreational purposes and entertaining friends or family. It is a great way to transition from the indoors to the outdoors without subjecting yourself entirely to the mercy of nature. Though decks can be rather costly and do require a bit of maintenance on your part, they also give you an over 80% return on the money you spend. Should you look to sell your home quickly, a deck or a small patio can do it in no time!
6. Amp Up Curb Appeal
The overall curb appeal of your home says a lot about you as a property owner. If your home’s exterior has worn or rotted siding, it’s important to invest some money into replacing it. Vinyl siding is a great option and requires less maintenance than wood. However, for the sake of a timeless appeal, opt for light-colored siding.
You don’t need to have a large yard in order to make a big impact with your landscaping. Planting a few bushes and flowers can work wonders on the appearance of your yard. Choose plants that are easy to care for if you’re not the gardening type and in areas with little rainfall, skip laying grass. There are plenty of great ways to landscape according to your climate and it can save you a great deal of money on your next water bill when you don’t plant flowers or plants that require specialty care.
The home improvement projects that you invest in now can make a world of difference in the future of your property. Everything you do can add to the overall value of your home, but it’s important that you tackle the right projects!