Increase Your Home Value with 8 Home Remodeling Ideas
Did any of your home upgrades pay off when it came time to sell? There are many things you can change and remodel in your home, but these 7 key home improvements are guaranteed to increase the value of your home.
- Remodeling the Kitchen
The kitchen is usually the first room in the house that needs updating. After all, the kitchen is the heart of the home. I’m not sure about you guys, but the hang out spot at my house is usually the kitchen. Remodeling continues to have the highest budget allocation.
For many families (mine included), this room is where everyone gathers around or entertains their guests. Holidays, birthdays, a little family get together; this room is definitely utilized the most in a home. For this reason, you can expect to recoup 60%-120% of investments from remodeling a kitchen, as long as you stay within your budget.
- Adding a Bathroom
You can never go wrong with having more than one restroom in your home. This is why you can recoup 80%-130% of investments from adding another bathroom. Most homebuyers will use any room with underutilized space or take an extra room to upgrade it into a master bathroom.
- Reinventing a Room
This home improvement can be the most expensive upgrade to a house. Adding more square footage to your home can easily accumulate costs but it can bring you a 50%-83% return on investment.
- Adding Energy-Efficient Windows
Energy-efficient home improvements not only recoups 60%-90% of investments cost, but it can also reduce energy taxes as well! When you replace your windows or doors with energy efficient models, you can receive a tax credit and 10% of costs, up to $200.00 per window.
- Adding a Deck
Outdoor living spaces, otherwise known as staycations, can significantly increase the value of your home. As more homeowners are adding decks and patios to their backyards, it instantly becomes more appealing to prospective buyers when the house is for sale.
- Energy-Efficient Insulation
It’s about that time everyone has basic insulation installed, otherwise the cost to live in and maintain an unmodified home can be a burden. Most potential buyers make sure to include this home improvement into their reports.
*One way to ensure your house is well insulated is with the right masonry.
- Basic Updates
Making basic updates to your home is a no-brainer. Making small improvements such as fixing a leaking roof, replacing rotting wood and keeping paint fresh will always add the most value to your home. A solid and safe home is always appealing to homebuyers.
So if you plan to remodel or make improvements to your home, remember that even the smallest of projects can make a big difference to the value of your home. Also, focus on making your home safe and energy-efficient because it guarantees lower energy costs in the future.
Take a look at your home’s soft flooring. Are your carpets and area rugs stained or worn? Ideally, you may want to replace them all, but if a limited budget puts a snag in that plan, start by replacing the carpet in the room that shows the most wear and tear and replace the others as your finances allow. Hardwood flooring is also an upsell. Visually it’s beautiful, and gives such a natural feel to your home.