Home improvement is the way to go once you’ve come across the idea of selling your home. It not only makes the home more pleasing to the eye and adds quality of life to the current residents, it also increases your home’s value. However, these days, some projects to improve your home do not add value at all, especially in a down market. In fact, some can even reduce the selling price. What a big waste of money and time, don’t you think? What then are the projects of home improvement to add home value? Below are some helpful tips.
Any project that opens space and creates a sense of flow in the house will definitely add value. Some ideas include knocking out a non-structural wall, removing kitchen islands, and even combining two small adjacent rooms to form a bigger one. These days, buyers want a wide open floor plan and are mostly into big spaces too.
Remodeling the Kitchen
The kitchen is the best area to remodel if you really want to increase the value of your home. They say that the return of investment rate is 60%-120% just for a kitchen remodel itself. We suggest replacing old appliances with energy-efficient models and re-painting the walls using modern colors too.
Bathroom renovations can become really expensive and it may not be economical to do a major renovation if you are trying to save money. Instead, try adding a bathroom, which has a return of investment rate ranging from 80% to 130%. Don’t know where to put it? Choose spaces where you don’t usually use like a walk-in closet or a small room used for storage. For old bathrooms that you want to improve, try removing rust stains, replacing doorknobs, replacing faucets, and even installing a low-flush toilet.
Add More Light
Simple lighting noticeably enhances a home’s appeal. No need to install expensive ones though because there are a lot of other ways to light things up. You can fix broken panes, make sure light passes through windows, and consider motion detectors too.
Energy savers make your house more desirable. We have had a lot of previous topics here covering going green solutions, specifically in terms of roofing. Do check them out! In addition to the roof though, you can also try using solar powered water heaters and just by simply replacing old air conditioning units.
Reinventing A Room
Adding a room is expensive so instead, most people try re-inventing an existing space that they don’t use that much. You can either remodel a basement to make it something like another living room, or convert the attic to a bedroom or a playroom for the kids (these are the most common projects).
Simple and Regular Maintenance
Do not underestimate the value of regular maintenance like most homeowners do. Frequent simple updates and upkeep are known to add the most value to your home. Things like keeping the paint fresh, fixing the roof, and replacing moldy flooring will definitely go a long way. These are things that you can DIY too so there is no excuse not to do them.