Hello World! Welcome Friends! $15,000 is the average amount of money homeowners spend on a renovation, but the return on investment can be much bigger. If renovating your home will allow for an increase in value for your home, you might make your money back and more.
Knowing which projects are going to bring you the biggest return might have something to do with which ones you choose to work on first. We are here to help you.
Continue reading this article, and we will go over which improvements to focus on for increasing your home’s value.
1. Paint The Walls
When a home is lived in, there are going to be spots on the walls that have little chips or smudges. You can’t help but bump into the wall at some point.
Whether you’re already in talks with a quality company like Bruce Champion Real Estate, or if you’re just considering selling, painting the walls makes a major impact. Make sure the color you pick is something neutral that isn’t going to turn people off because it has too much personality.
Putting a fresh coat of paint on the walls doesn’t take a lot of money, but it does make your home more marketable.
2. Add Livable Space
Adding livable space to your home makes people much more willing to write bigger checks. Adding a bathroom, sunroom, extra bedroom, or other livable space makes your house more attractive and valuable to people considering moving to your area.
Before adding anything to your house, make sure to get any necessary permits.
3. Energy Efficiency
Adding energy-efficient elements to your home will make a big difference in your home’s value.
Doing small things like adding a smart thermostat can save hundreds of dollars on heating and cooling each year. You might also want to work on a bigger project like putting in energy-efficient replacement windows.
Changing out energy hog appliances for energy-efficient appliances is another good option. If you don’t want to spend a lot of money on these appliances, you can usually find some good used ones that will work fine, but be easier on your pocket.
4. Upgrade the Floor
Few people want to see the carpet in the dining room and other living areas. Putting in hardwood floors will make your home more valuable. People can put an area rug down if they don’t like having bare hardwood floors, but taking up carpet can be a real pain.
5. Increase Curb Appeal
When people pull up to the curb, you want to wow them. Put some nice lighting up the walkway, replace or paint the front door, and invest in some nice shrubs.
These simple changes to your home’s exterior will put people in a good mindset before they even walk in the door.
Making Your Home Increase in Value
Now that you know more about how to make your home increase in value, it’s time to get to work. There are plenty of things you can do, but the improvements above are going to make a big impact.
Do you need more ideas for your home improvement projects? Our site is full of articles that can help you as you’re fixing up your home.
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Toodles,
Adding a fresh coat of paint really is the #1 thing to keep in mind. Since we see our homes every day, our eyes don’t even realize when the paint on our walls starts to look dull. And with modern paints especially, it really is so easy and inexpensive to freshen up a coat of paint.
These are great tips and definitely can increase home value. Aside from that livable space that you’d like to add, you can also make some spaces convertible. For example, a home gym during weekend can be converted to home office during weekdays. All we need are the right equipment and furniture. Invest on portable ones, wall cabinet and hanging dividers.
Some of the renovation tasks cannot be ignored such as leaks from the roof, electrical problems or a crack in undesired place. These safety jobs must not be ignored so as the family can be safe and avoid the home from being destroyed.
Converting your attic or basement in a bedroom also helps in increasing the value of your home. I recently turned my attic into bedroom for my son and that was the best decision i have made. House seems so spacious now and value is improved.
Depending on the size of your stove/cooktop and if you have an integral grill, griddle, burners, and other heating elements may increase the need for higher ventilation systems overhead. Research your favored appliance manufacturer too see what type of ventilation system is recommended for your kitchen.
Before selecting an electrician, don’t hesitate to consult neighbors and the Internet to determine who is right for your job.
Exterior home improvements are important for homeowners, regardless if they plan to put their house on the market now or sell sometime in the future.