Top 7 Home Projects that Will Add Value to Your Property
Redesigning your house can turn it into a dream home, and can simultaneously boost its worth. However, not all reconstruction efforts have the same impact. Some updates can be incredibly lucrative, while others could have an adverse effect on the sale price. The secret is determining which developments are right for you. We’ve laid out a few projects that will add value to your property below.
1. Window Replacement
Upgrade your windows to Energy Star-rated for a smart investment! Not only will this save money on heating and cooling costs, but you may even be eligible for green energy tax credits. Making the switch won’t necessarily boost buyer interest beyond what it currently is; instead, count on more secure savings in the long run. If you need guidance on choosing the right type of replacement window, we’ve got you covered with the main factors to take into consideration.
2. Roof Replacement
A well-maintained roof can be a homeowner’s best asset! Not only is it an important factor in home buyers’ decisions, but investing time and money into fixing or replacing the roof pays off – both for aesthetics and financial gain. Taking on a roofing project can be an intimidating process, but taking the time to ask important questions is vital for achieving your desired outcome. We’ve put together some questions to help get you started.
3. Finish Your Basement
While it’s convenient having an unfinished basement for storage space, transforming it into a living space for potential buyers is an invaluable asset. Whether you choose to use the space as an office, extra bedroom, or entertainment, finishing a basement of 400 to 1,500 square feet has a potential ROI of up to 75% according to studies.
4. Add a Deck
A home is never truly finished. There is always room for additional renovations and remodels, one of the most popular being the addition of a deck. Investing in a deck is rewarding – not just for the perfect spot to relax, but financially too! Decks are surprisingly inexpensive per square foot of extra space they add. A well maintained deck can greatly increase your home’s market value. Whether you are planning to sell soon or down the road, adding a deck will benefit you in the long run.
5. Bathroom Remodel
Transform an outdated vanity by installing a new countertop for a sleek, modern vibe. Make the bathroom appear larger with clever illusions like replacing outdated furniture and fixtures with pedestal ones that consume less square footage.
To get started on your flooring project, replace old floors to give them fresh appeal. It’s always wise to buy extras in case of any unexpected damage during installation; stash some away towards the end as backup should you ever need it down the road.
6. Upgrade Appliances
Outfit your kitchen with a more cohesive look without breaking the bank: order new doors and face panels from the manufacturer to update mismatched appliances. For an even greater upgrade, switch out older models for energy-efficient alternatives–saving both money on bills and adding immediate value for any homeowner looking to invest in your home.
7. Remodel the Attic
Instead of splurging on more square footage, why not give your home a new look by using the existing space? Transform that attic into an extra bedroom for guests or even a cozy retreat to get some exercise. Not only will you get more value for less money than with square footage additions, but potential buyers will love being able to envision how they could customize each space according to their own tastes. By making use of already present areas while adding personal touches, you can increase value without maxing out your wallet.
Although there are many home projects that will add value to your home, these are a few of the most impactful. You can gradually make improvements that will pay off when it comes time to sell. Even if you’re not planning on selling anytime soon, completing these projects can increase your enjoyment of your home and create a more comfortable living space for you and your family.