Simple home improvement projects can boost your property value. A quality kitchen remodel and bathroom tile work are good examples of a high return on investment.
Repairing leaky faucets and outdated electrical outlets is another great way to increase your home’s value. Projects that lower utility bills, such as adding smart thermostats, are also popular with buyers. However, with these repairs, it is important to note that a professional is highly advised. “Are home warranties worth it?” A home warranty can protect your home from damages of overused appliances and plumbing problems. A contractor can be hired to your home under your warranty and you don’t have to worry about the repairs. For more information, look into home warranties online. Those who have it have been pleasantly surprised by the process and by how much it is worth it for them.
Paint
Whether you’re looking to sell your home or simply want to increase its value, a fresh coat of paint can do wonders. It’s a relatively inexpensive project that will make your home look new and appealing. In fact, some home buyers may even pay extra for a house that has been well-painted.
Painting your home can also help you stay on good terms with your homeowner’s association (HOA). HOA fines can be a major headache for homeowners, so making sure to keep up on paint jobs is a great way to avoid potential trouble.
If you don’t have the budget to paint your entire home, consider tackling one room at a time. Start with your kitchen and bathroom, then move on to living spaces.
Upgrade Appliances
One of the best ways to increase your home’s value is by upgrading your appliances. This is an easy and cost-effective upgrade that can make a big difference to buyers when you’re ready to sell. Energy-efficient upgrades are also very appealing to buyers and help them save money on their utility bills. This is particularly important for older homes. Double glazing, smart heating technology like Hive and multi-room music platforms are all worth considering.
These improvements will add value to your home and boost its curb appeal, too. Add a Deck or Patio
Adding a deck or patio to your home is a great way to add value and a nice place to enjoy the outdoors. A deck is perfect for hosting cookouts and spending time with friends and family. Plus, it looks amazing and can be complemented with other outdoor elements like a pergola or gazebo.
Having a deck or patio can also increase your property value during the selling process. Potential buyers are drawn to homes with beautiful outdoor living spaces, so a well-designed deck or patio will help your home sell faster and at a higher price.
Decks offer more space for furniture and can multitask as a dining room, living room or even an outdoor kitchen. On the other hand, patios are less expensive to build and work well on uneven terrain.
Add a Garage
Adding a garage to your property can improve its value. However, homeowners need to be careful about the cost of this project. Many buyers may not consider a house without a garage. Additionally, converting the garage into living space is not recommended because it can reduce home equity and increase the time to sell.
A garage can protect cars from harsh weather and crime. It can also serve as a storage area for tools, sports equipment, and other items. Moreover, it can also be used as a workshop, spare bedroom, or office. These flex spaces appeal to new buyers because they provide qualities that the interior of the home cannot. Additionally, a clean and organized garage will set the home apart from its competition.
Add a Backyard
If you’re thinking of selling your home in the future, it’s important to invest in upgrades that can boost resale value. However, this doesn’t have to break the bank. According to Hippo, many small projects can make a big impact.
Backyards are becoming a must-have for home buyers, and an outdoor living space can help increase your property’s appeal. A backyard also allows you to host special celebrations, such as a wedding or retirement party, and gives you a place to relax and unwind.
Other home upgrade projects that can help increase your property’s resale value include adding a patio, finishing the basement and installing energy-efficient appliances. If you’re not sure where to start, consult a real estate agent for specific recommendations and trends in your area.
