Home remodeling projects can improve both the resale value and the appearance of your home. Fortunately, you don’t have to add a whole new wing to your home since even minor updates can add significant value. Let’s look at a few home improvement ideas that are shown to increase home values and add to the enjoyment of the home.
1. Do a Minor Kitchen Remodel
Most people consider the kitchen to be the heart of a home, which means updates here will pay off as long as you don’t go overboard.
Making simple changes such as replacing appliances with new, more energy-efficient models, refacing cabinets, installing new countertops & sinks, replacing the flooring and applying a fresh coat of paint will go a long way towards increasing the appeal and value of your home.
2. Add a Bathroom
If your home only has one bathroom, adding a second one will make your home more desirable, and therefore more valuable.
Depending on the design of the house, you can look at any extra rooms or underutilized spaces such as closets or areas under the staircase that you may be able to convert to a bathroom. A half-bath will require at least 18 square feet, while a full bath with shower will require at least 30 square feet.
Be sure to set a realistic budget and maximize your return on investment by choosing stylish, but inexpensive finishes.
3. Install energy-efficient windows
Swapping out your old, single-pane windows with energy efficient Energy Star rated windows is one of the most popular, yet affordable upgrades that add value to your home.
Energy Star claims that by adding Energy Star rated windows, homeowners can save up to $583 a year when replacing single-pane windows.
The Efficient Windows Collaborative has a handy guide showing what types of windows are recommended for each state, based on climate and geography.
4. Install or Refinish Hardwood Flooring
Hardwood floors are popular among today’s home buyers, and if your home has carpeting or linoleum that still looks dingy after a thorough cleaning, new flooring could be a great investment. If you want the look of hardwood for less, laminate flooring is a good alternative.
5. Basic Updates go a Long Way
Most home buyers are looking for something move-in ready, so even minor changes like keeping the paint fresh, updating fixtures & hardware and adding curb appeal with landscaping can really affect the overall look of your home and can help sell a home more quickly, and for a higher price.
It doesn’t matter if you are planning to sell your home next week or in a few years. These projects can help increase the value of your home while making it more comfortable for you and your family.