Buying a house is a significant investment. By renovating it with innovative improvements, you can increase its resale value. Putting your money in the right places will lower DOM in real estate, which is a good thing. Selling a home quickly usually means getting top dollar!
Most people buy houses to make them look good while they live in the property and also for those who will buy it later.
There was a time when people used to take away every belonging of theirs that they invested in. But that really did not help the resale value much. Therefore, people with time realize that, if they use home equity, they will increase the home’s value.
I am writing this blog with confidence because I sold my house in the same manner, so people thinking of selling their house and getting a good resale value must read this article until the end.
It is wise of you not to focus on various home improvements to make your home look more aesthetic. Instead, you can focus on the pursuits that have the highest return on the investment (ROI) to make sure you not only transform your living space for you but also for the potential buyer.
Home Improvement Ideas That Increase Home Values
It does not matter if you have bought a brand new home or a home that has already been lived in. Remember renovations and improvements can make all the difference, to increase the value of your home.
1. Kitchen Remodels
The first thing to renovate in your home is the kitchen area. The renovations can be minor or major. According to the remodeling magazine, you can recoup anywhere in your kitchen, but that depends on the type of renovation you are doing, the materials you are using, and the location of your home. There are many kitchen design ideas worth researching.
The minor changes in your kitchen include.
- Refinishing cabinets.
- Increasing storage spaces.
- Upgrading faucets.
- Adding an island.
- Putting a new backlash.
- Fixing the lights.
Major changes include:
- Adding windows or doors.
- Upgrading the high-end appliances.
- Adding seating, dining, or cooking space.
- Installing floors.
- Adding cabinetry and countertops.
Whenever making a substantial renovation such as a kitchen, make sure you pull appropriate building permits.
2. Bathroom Remodels
Bathroom renovation is another main thing that brings more buyers. Because as we know, the place is often to relax and think. Therefore people have a thing for well-designed bathrooms. You are allowed to make changes in the bathroom, minor or significant.
Changes in the bathroom area include:
- Installing tubs, showers, new sinks, and even toilets.
- Adding storage spaces.
- Upgrading the lights.
- Painting or flooring.
- Putting a vanity or a huge mirror.
- Add some plants to the bathroom. Check out green home technology.
3. Making Use Of An Unused Space
Some homes come with spaces just waiting to be used, such as basements, attics, or an extra room. As a homeowner leaving that space untouched, you are not thinking of the advantages you can get from using it somehow.
Here are the ideas that can be used to transform your unused space.
- Turn it into a playroom.
- Think about children and use the room as a game room.
- You can also turn it into a gym room.
- Or a study room, maybe.
- Think of guests and turn it into a guest room.
- You can also consider that room as a library.
- Make it a massive organized storage space.
4. Upgrade Your Home All Together
Consider the age of your home and think if any improvements can be made to bring it up-to-date in terms of residential buildings codes. Here are some ideas you can go through if you want to improve the value of your home.
Older homes can benefit from these new upgrades.
- Hot water heaters.
- HVAC systems.
- Electrical wiring.
5. Energy-Efficient Extras
Gadgets you have in your home with energy-efficient appliances and building materials give a host of benefits. Not only do they help you save money, but they also reduce your home’s environmental impact. Here are some projects you can take a look at.
- Remove the poorly built exterior doors.
- Invest in a smart thermostat.
- Install solar panels.
- Improve the insulation.
- Replace all the old windows.
- Buy energy star appliances.
6. Interior Design
Interior design goes a long way. If you are searching for some easy but worthy home improvements to increase the property’s overall value. Then it would be best if you considered these.
- Update the lighting.
- Swap all the old doorknobs and hardware.
- Consider installing custom window coverings.
- Modernize your painted colors.
- Replace the heat registers and light covers.
- Add crown molding.
- Reliant doors, ceilings, and baseboards.
7. Curb Appeal Boosters
The home curb appeal is related to whether it impacts a positive impression on the potential buyers. There are many ways that you can think about making your home stand out, even from the streets.
Here are some best home projects you can start with.
- You can think about replacing your weathered garage door.
- You can add stone Wenner to your entryway.
- You can think of installing new lighting.
- You can replace, repair, or paint your doors, bricks, or vinyl siding.
- Think of purchasing a new entry door.
These are all low-cost improvement options worth considering.
Landscaping your property can also fall under curb appeal. It can make your home look more enticing.
There are some potential land enticing projects you can go through that I have mentioned below.
- Reseeding your lawn.
- Planting trees.
- Raking up all the old grasses and leaves of plants.
- Removing bushes.
- Removing old mulch.
- Adding planters and flower beds.
- Weeding planters or flower beds.
9. Smart Home Automation
Smart home automation is really interesting and famous in the real estate world. It helps in boosting home values and adds appeal to new buyers. Here are some smart home upgrades.
- Go for smart lights.
- Go for smart thermostats.
- Go for intelligent smoke carbon monoxide.
- Go for smart home security system packs, like doorbell cameras.
10. Outdoor Oases
Projects that make your outdoor space more accessible and functional at the same time also increase the value of your home. Though it depends on the materials you are using, like woods or composite decking.
Additional options include stone and brick patios with lower decks. These can do great DIY projects if you are creative enough.
Wrapping It All Up
There you go with the ten latest home improvement ideas That increase the value of your home. I have mentioned all the ideas and elaborated them as much as possible for you to understand the resale value of your house.
By upgrading your home and making sound improvements when it comes time to sell you’ll be less likely to see your property fall out of escrow. Nobody wants to see their home sale fall through. Following these tips will help ensure it doesn’t happen.
Leave a comment in the comment section and share your experiences with me here.
About the author: The above article on the home improvements that increase the value of your property was written by Alisha Jones.
Alisha is an online entrepreneur by profession and a passionate blogger by heart. She is on a mission to help digital businesses grow online. She shares her journey, insights, and experiences. If you are an entrepreneur, digital marketing professional, or simply love new information, then you’ll love reading some of her wisdom.
Some great tips, Bill. Sellers can definitely increase the value of their homes with any of these home improvements.