If you’re planning home improvements to make your living spaces more enjoyable, choose projects that increase property value. Here are a few upgrades that will help boost the value of your home.
1. Increase Curb Appeal
Improving curb appeal is one of the most effective ways to increase the value of a home. An attractive front yard can add 5% to your property’s value.
Maintain your lawn well. Paint the front door a vibrant color that complements the style of the house. Install a decorative garage door. Illuminate the exterior with pathway, patio, and deck lighting. Prune the shrubs. Add colorful flowers to your landscaping and entryway.
2. Extra Space Helps Increase Property Value
Make the house seem more spacious by knocking down a wall or two. An open floor plan makes the house seem larger and is better for entertaining guests. Install skylights for extra lighting and to make the ceilings feel higher.
3. Replace the Windows
Both home appraisers and buyers will take notice if you’ve made window improvements. New windows are attractive and more energy-efficient. Wood and vinyl frames are both quality options that provide a good return on your investment.
4. Outdoor Living Spaces Increase Property Value
Some estimates report that you can recoup about 80% of the cost of building a deck when you sell your home. Since this is one of the best projects to increase value, invest in quality materials. You’ll enjoy your deck and recover some of the money spent if you sell the house. Research online for unique deck options like a bar and built-in storage benches.
5. Add a Home Office
More and more people are able to work from home. A potential buyer will appreciate a beautiful home office space. Convert a spare room into a functional office. Add a built-in bookcase and install extra electrical outlets.
6. Finish the Basement
If you have a basement, convert it into an extra bedroom, media room, or recreational area. You’ll create more usable space in your home and increase the value of the property. For an extra boost, add a bathroom during the basement remodel.
7. Increase Property Value With New Siding
An improved exterior will capture the attention of buyers when you list your house for sale. The house will look like new and you’ll increase the value of the home when you install new siding. If a siding replacement isn’t in your budget, have your home professionally pressure-washed to remove dirt and grime. Cleaning the exterior will improve the appearance and increase curb appeal.
8. Replace the Roof
Any potential buyer will pay attention to the type and condition of a home’s roof. The roofing is one of the most important components of a home. A new roof protects your family and your belongings. You can recover about 65% of the cost when you sell the property.
9. Remodel the Kitchen
A kitchen remodel is one of the best ways to add value to your house. The kitchen is the most often used room in a house and buyers will certainly pay attention to it. Install new cabinets, update the flooring, and add a pantry or island to create extra storage areas.