Whether you’re selling your home or want to upgrade it to the dreamhouse you’ve always dreamed of, it’s always wise to make upgrades that add value to your home while simultaneously adding beauty and functionality. Even if you’re on a tight budget, you can make upgrades that will significantly increase the value of your home. However, the higher the renovation budget, the more value you can add to your home.
Renovate the Kitchen
Even a minor renovation to your kitchen can add serious value to your home. The kitchen is the crown jewel in your home, and it’s also the most used space. Over time, your kitchen will show signs of wear and tear. There are many different ways to upgrade your kitchen, and each one can add significant value to your home. Some popular options include painting the walls or cabinets, installing new hardware or energy-efficient appliances, and replacing old or damaged flooring. Additionally, you can consider upgrading fixtures like sinks, faucets, and lighting to further enhance the kitchen.
Renovating the kitchen can be as simple as new paint, but if your home has dated appliances, then it may be better to spend your time getting stainless steel appliances. This is more expensive than a can of paint, but it can also make your home more valuable, not just look more valuable.
Remodel or add a bathroom
Generally speaking, the more bathrooms in your home, the better. You should make it happen if it’s in your budget to add another bathroom. Of course, to ensure that you can list the new bathroom, you’ll also need to ensure that you get it done properly and use a contractor with the proper licensing. When you go through a contractor, they can ensure that they work with the proper inspectors so you don’t have to worry about doing that process yourself. Of course, you’ll be limited in where you can place these bathrooms based on water lines running through your home. With that in mind, consider talking to a contractor before you get your mind set on where you want this new bathroom to be.
If your home has a sufficient amount of bathrooms for its size or you can’t afford to add another bathroom, consider renovating one or all of the bathrooms. A simple face-lift with new shelves, fresh paint, and new tile will add significant value to your home. For the most part, you don’t need to replace your toilet unless it has chips on it that are visible by people looking through your home.
Install Hardwood Floors
An excellent way to add value to your home and recoup the cost is to add hardwood flooring or refinish your existing hardwood floors. Assessments by the National Realtors Association estimate you can recoup 100 percent of your cost by refinishing your hardwood floors and up to 106 percent of your cost if you install new hardwood floors. This is a huge consideration since many people are looking for fresh and new-looking floors when house hunting. Since you can typically recoup the cost of the flooring, this should be near the top of your considerations.
Hardwood flooring installation is best left to a professional to ensure a clean, polished look and elegant appeal. This will ensure that you have a level floor and that everything lines up appropriately. In addition, you’ll be able to use your time elsewhere like looking for your new home or helping your kids clean their room. As you can see, the expense is well worth it, especially when it comes time to resell your home or if you want to add significant value to it.
Upgrade the Landscaping
You should not neglect your home’s exterior when looking for upgrades that add value. Your home’s exterior is the first impression people will get when they visit your home. Hence the name curb appeal. Landscaping is a low-cost way to add perceived value to your home and some curb appeal. Prune trees and shrubs, keep lawns manicured, and add decorative features like pathways and fountains.
If you are looking to increase the value of your home, one simple and cost-effective way to do so is by replacing the siding on your home. Siding comes in a variety of materials, such as vinyl, wood, and brick, making it easy to find one that will complement your existing home design. Additionally, siding can make your home look older or newer. If your siding is dirty, it’s possible that you can get a similar effect of new siding by pressure washing it or repainting it. However, if it is chipped or morphed, then it is likely better to replace the siding.
Pour on the Paint
Adding fresh paint to your home’s interior and exterior is a fantastic way to add value, but it’s essential to be aware of color choices and patterns. Certain colors can add value to your home, while others can make it less appealing and even lower its value. Find out which colors are popular and incorporate those colors into your design and renovation theme.