5 Home Improvements That’ll Increase Your Home’s Value
As the summertime goes on, many of us finally have some extra time to dedicate to lingering projects, repairs, and additions to our homes. Enhancing your home’s aesthetics and increasing its energy efficiency are excellent places to start, but it’s better to start small rather than go straight for the larger projects.
Whether you’re looking to sell your home soon, make it look and feel more comfortable, or simply want to add some additional value in preparation for a later sale, then consider making a few of the following home improvements.
Do A Minor Kitchen Overhaul
Adding value to a home usually starts with the kitchen. Kitchens are well-traveled rooms within your home. Whether you’re selling the home or planning to live in it for some time to come, it’s a good idea to consider a minor remodel. Do you hate your kitchen? Does the prospect of cooking eggs on your ancient stove bring you down? Do you just feel like it’s time for a new kitchen? Maybe you want to sell your home and increase its value. Either way, starting with the kitchen is a good move. What if it’s outdated or you don’t have the right fixtures or lighting to suit your family’s needs? The kitchen is a great place to start saving some money through a few improvements. A remodel might make it easier to cook or serve meals, for example. Swapping out your sink fixtures (possibly a double sink) and some appliances might make storing food and cleaning much simpler, not to mention looking better. Installing new cabinets might offer an increase in storage space or overhauling your old cabinets (complete with a fresh paint job). The side benefits here are a cleaner, more efficient space, with less potential clutter or mold growth. So, that’s certainly a bonus. If you’re selling your home, the return on investment of a kitchen remodel can range between 53% to 93% depending on where you live. Either way, it’s worth looking into as a quick way to increase your home’s overall value.
Get Energy Efficient Windows
Windows are another important area to focus your renovation. Windows are an essential part of your home. They keep the elements out, let the light in, and tie together the overall exterior aesthetic of one’s home. But after some time, mother nature, the sun, and the elements can wear them out. Or perhaps the windows are outdated. Newer windows tend to offer more insualation, allowing your heating/cooling systems to function better. They can also be reinforced to prevent entry and ultimately lower energy bills (especially if you specifically choose energy-efficient designs/styles). A good-looking window and better energy efficiency aren’t the only perks of doing a window replacement. Surprisingly enough, investing $10,000 in windows can increase the asking price of a house by around $8,500. That’s an 85% ROI, which is pretty good. A smaller investment—say, $5,000—would proportionately affect the ROI as well. Not bad for a simple installation. Window replacements can get a bit pricey, but it’s better to replace them all at once if it’s financially feasible to do so. It’s not essential to do it that way—doing one or two at a time is perfectly fine—but it just offers better value, warranties, consistent work, and a better opportunity to recoup your overall investment.
Install New Ceiling Fans
Want to increase the airflow in a particular room and give it a little bit of personality? Get yourself a brand new ceiling fan! Ceiling fans move the room’s air around, circulating it and generating a cooling effect as it revolves. You’ll need to consider the size of the room, the angle of the fan blades, and size of the fan to get the most benefit. Since you’re trying to increase your home’s value, you’ll need a design and style that really stands out. Traditional and modern fans would both work, but they don’t sizzle as much as a sleek farmhouse ceiling fan does when placed in rustic or traditional setting. Farmhouse fans incorporate the rustic design elements of traditional fan, such as wooden blades, and combines it with more modern flourishes like metal designs, contoured blades, or unique color schemes. The result is an eye-popping approach to a fan design that lends itself well to just about any interior design scheme/aesthetic. New ceiling fans can also contribute to adding some ambient light to a room—or becoming the primary light source in some cases, depending on your needs.
Don’t Forget To Modernize The Bathroom
The kitchen may be one of the most used rooms in your home, but it’s probably got nothing on the bathroom. Bathrooms have a unique problem: they often look worse than the rest of a house. This is likely due to how often they’re used and all that wonderful hot water we run almost every day. Humidity and moisture can make a room look bad after some time. Giving the bathroom a quick makeover can work wonders for adding value to a prospective buyer. But outside of that, it’s a good idea to renovate your bathroom for other reasons, too. Consider redoing the plumbing, adding new fixtures, and replacing the tile to really make your bathroom more modern.
Enhance The Exterior, Too
Whether it’s a fresh coat of paint on the building’s facade or detailed landscaping, working on your house’s exterior serves a dual purpose: to make your house look amazing and to increase your overall property value. Nothings screams value quite like a new paint job and a sweet lawn. It offers prospective buyers an attractive look at your home and may pique their interest to consider purchasing your home. Just like brand new windows, a new paint job can also offer some protection from wet weather. Of course, repainting an exterior can be time consuming but it offers a great ROI on top of its other obvious benefits. A nice lawn, a garden, or a cool landscape can breathe some fresh air into a tired, old yard while providing a lovely connection to nature.