Kitchen upgrades, whether major or minor, are a great way to increase the value of your home. According to Remodeling Magazine, you can expect to recoup anywhere from 53% to 72% on your kitchen remodel depending on the type of renovation you do, the materials you use, and where you live.
Minor kitchen upgrades include small projects such as:
Major kitchen renovations include:
Bathroom remodels are another way to increase your home’s value and make it more appealing to future homebuyers.
Depending on your bathroom renovation budget, you can explore a variety of potential projects, including:
Another option is to add a bathroom to your home, especially if you only have one to begin with. Homes with multiple bathrooms are a hot commodity in the real estate market, and you’ll likely appreciate the convenience as well.
Popular ways to add a bathroom include adding an ensuite to a master bedroom or turning a closet or other unused space into a half-bath on the main floor. Just beware that adding a bathroom or creating a master suite where one doesn’t already exist can get expensive quickly.
Many homes come with extra, unfinished space that’s just waiting to be used, such as basements, attics, and bonus rooms.
As a homeowner, leaving that space untouched just means you have square footage you aren’t taking advantage of. Making the most of those unused rooms will increase your living space and make your home appealing to potential homebuyers.
Plus, it’s typically much less expensive than adding additional floor space to your home.
Some projects to explore include turning an unused space into a:
Projects that make your outdoor space more accessible and functional also increase home value.
Other options include stone and brick patios and lower decks.
If you already have a deck or patio, pressure wash and refinish it if necessary. Repair or replace any old, rotting boards or broken pavers, and strip flaking paint and stain. Sprucing up your existing outdoor structures is a low-cost way to increase your home’s appeal to buyers and add to the overall desirability of your property.
Depending on the age of your property, there are probably some home improvement projects that can be done to bring it up-to-date in terms of residential building codes.
For example, many older homes may benefit from new:
Home renovations like these are typically best suited to older homes that haven’t been updated in the past. And while they can be pricey, they’re often worth it because they’ll add value to your property and make it safer and more comfortable for you — and future occupants — to live in.
Energy-efficient appliances and building materials come with a host of benefits. Not only do they help to save money on energy costs, but they can also reduce your home’s environmental impact. Here are some projects to consider:
To figure out how to improve your home’s energy efficiency, consider a professional home energy audit.
The ROI of energy-efficient home improvements varies greatly based on the project you take on. For example, according to Energy sage, insulating an attic comes with an average return on investment of just under 117%.
A little interior design goes a long way. Simple and straightforward design updates help to stage your home for sale and come with relatively small price tags.
If you’re looking for some easy but worthwhile home improvement projects to increase your property’s overall value and entice buyers, consider:
Although these jobs may seem less impressive than large-scale renovations, don’t underestimate how much the visual appeal of your home can affect its value.
Your home’s curb appeal is directly related to whether it makes a positive first impression on potential buyers. And there are a variety of different ways you can make your home stand out, even from the street.
Some of the best home projects for improving curb appeal include:
simply painting your front door a darker color, such as black or charcoal, can increase your home’s sale price by more than $6,000. That’s pretty impressive.
Landscaping your property also adds to curb appeal and makes your home look more enticing. Potential landscaping projects include:
Many of these projects are low-cost and have the added benefit of being DIY-friendly, meaning you won’t have to pay a professional to do them for you. The Washington Post puts the potential ROI of landscaping projects between 150% and 1,000%, meaning they’re likely to pay off handsomely in the end