A lot of homeowners have the misconception that every home improvement project would add to the home’s resale value in the future. Considering the fact that the real estate market is at an all-time low, it would be considered wise to only opt for those projects that would actually help add more value to your home, including the 7 projects mentioned here.
A paint job
Most homeowners underestimate the value of a paint job. This can easily be considered one of the least expensive ways to improve the look and resale value of your home in no time at all. Fresh paint and modern colors can update the look of your home in no time at all.
Look for the trendiest designs and patterns in the market. Choose multiple colors to give a more colorful look to the rooms. While you are at it, opt for VOC free paints. This will go a long way in making your home a greener space.
A lot of homeowners make the mistake of tending to superficial repairs and look while neglecting indoor repairs. Potential buyers will mostly want to be assured that major systems like heating, plumbing, sewer and electrical systems are working properly before considering the cosmetic highlights. So tend to these matters beforehand and your home’s resale value will increase automatically.
The kitchen is considered the heart of the home. Hence, remodeling it will increase your home’s value. However, going overboard on the design can backfire. The look of the kitchen should never overshadow the overall look of the house. So keep it simple and functional. Remember, buyers would prefer to buy a home with a functional kitchen rather than a fancy, deluxe kitchen.
The bathroom is easily the most neglected rooms of the house. However, new trends indicate that equal importance is given to this room, ensuring that is both functional and elegant. Hence, invest in refurbishing the bathroom, changing the tiles, repairing leaks and possibly opting for a fresh coat of paint.
While you are at it, you can choose to add another bathroom in your home. Extra, underutilized spaces can easily be transformed into a bathroom. A space of 30 square feet would be enough for a full bath and shower. Here again, your best bet would be to choose only those items that are essential in the bathroom in order to save space and money.
Energy efficient insulation
Old homes tend to be less energy efficient when it comes to retaining heat and cold, thus costing a bomb in terms of utility costs. By making a few rather simple changes around your home, you can make your abode more energy efficient as well as improve its value in the market. Some of these changes include sealing cracks and leaks around the house and installing devices that point out drafts in and around the home.
You can also fit energy efficient fixtures around the home to save energy. Another measure would involve replacing old, outdated appliances with energy efficient alternatives. All these changes would go into making your home a greener, smarter abode that more buyers would be willing to buy in the near future.
More and more buyers are looking out for homes that come with attractive outdoor living spaces, including the deck and backyard. Hence, investing some money in beautifying these areas will definitely make your home more appealing to buyers during a resale.
The simple addition of a deck can help you gain over 90% of the money you put in during resale. While you may want to call in a professional for help, a little know how can help you get the job done in a jiffy, thus reducing costs further.
Not every home improvement project would be of use to your home in the long run. Choose wisely when it comes to opting for a home improvement project which would help increase your home’s resale value down the lane.