Increasing the resale value of your home doesn’t have to be difficult or expensive. Below are some of the best renovations and home improvement projects that can greatly increase your home’s value.
1. Kitchen Remodels
According to Zillow, even a small kitchen remodel has a return on investment (ROI) of about 81.1%. If you choose only one room to update, it has to be the kitchen. This can involve anything from replacing outdated appliances and cabinetry to reconfiguring the layout of the room.
You can also consider adding extras such as upgrading to a touchless faucet, built-in fridge, or even a contrasting cabinet color for some added visual interest.
2. Bathroom Updates
If you’re not ready to redo the entire kitchen, remodeling bathrooms can be just as effective. Think of the bathroom as a mini-spa and add luxury upgrades such as heated floors, a jetted tub, or even an electric towel warmer.
When considering what you’re looking for in a home, bathroom upgrades are just as important as any other feature, so it’s worth investing in.
3. Outdoor Improvements
Landscaping around the exterior of your home can add up to 15% to its value, according to HomeLight. If you’re looking for a more economical option, start by pressure washing the exterior of your home to give it that extra sparkle. You can also add a fresh coat of paint to update the look.
Adding landscaping features like a water feature, paver patios, or decks can also add value to your home by creating an outdoor oasis. For even more impact, consider investing in a pool or hot tub. This is sure to give your home that extra wow factor for future buyers!
4. New Roof
According to Home365, a new roof retains 85% of its value when you finally sell your home. Why are roofs so important? Not only do they protect from weather, but new roofs are more energy efficient and can reduce cooling costs.
When looking for a new roof, consider the type of roofing materials you have. Asphalt shingle roofs are the most common and cost-effective option, but metal roofs can last up to 50 years and even have the potential to increase your home’s energy efficiency.
5. Energy Efficient Upgrades
Making your home more energy efficient is another great way to increase its value and save on energy costs. Start by replacing old windows with newer, more efficient models. You can also install ceiling fans to help keep your home cool in the summer months and supplement air conditioning usage.
Adding insulation to attic spaces or walls can also reduce energy loss and add some extra comfort for potential buyers. Investing in solar panels is also a great way to make your home stand out from the competition as it’s a selling point for many prospective buyers.
6. New Windows and Doors
They say the windows are the eyes of your home, and you’d be surprised what a difference new windows can make. Not only do they add character and style to your home, but they also help keep energy bills low by eliminating drafts.
New windows don’t have to be expensive either. Vinyl is one of the most cost-effective options as it requires little maintenance and comes in a variety of styles and colors. When choosing new windows, look for ones with “Low-E Glass”, which helps reduce solar heat gain as well as glare and UV rays.
Doors are also an often overlooked home improvement when it comes to increasing the value of your home. A new door can help keep the temperature in your home regulated and reduce energy costs.
These are just some of the ways you can improve your home’s resale value without breaking the bank. With careful planning and research, you can make sure that you get top dollar when it comes time to sell!