It can seem very difficult to give your home improvements that increase home value; but when you approach it with a plan you can make yourself much more than you previously thought. Luckily, there are several great options that help maximize your money. That being said, your home is the biggest investment that you have.
You obviously can’t add every single renovation out there; and not every home repair adds the same value to your home (but may help your house sell quicker). As a homeowner, it’s your job to do the research on home improvements that pay off (and ones that should be completed to keep your home at market value), but it can be tough!
To cut down costs, you have to understand where the “heart of your home” is. If you aren’t sure, think about where your money can make the most impact. Realistically, the more money you spend, the less you’re going to make off of your investment. This is because you can add small touches (like paint, bathroom remodels, and resurfacing) and more easily recoup your money from repairs. Replacing a wide variety of appliances or expensive electronics and amenities are nice, but they are very costly and rarely truly add value.
In the end, there are several areas that desperately need renovation and repair (which is why I’ve compiled a few simple home improvements that increase home value), in several key areas of your home.
(1) Easy Kitchen Remodeling Ideas to Increase Your Home’s Value
The kitchen is probably the first room that most people look at when they go in your home. That being said, it doesn’t have to be extravagant or high-technology, it just has to be well maintained. Most people looking for a home won’t want a fancy kitchen anyways. Instead opt to swap older appliances with comparable energy efficient models. You can also re-epoxy counter tops, refinishing your cabinetry, and waxing or varnishing the floor.
(2) Bedroom Makeovers Are Easier Than You Think!
If you’re looking for a good way to make a bigger splash for a smaller investment, try reinventing your bedroom. Re-inventing these rooms can add more versatility, as well as unforeseen appeal for buyers. Even bedrooms in the basement or attic can be renovated to bring more utility. The best way to do this is by adding neutral paints that look clean and modern and get some inspiration to add to your planning approach. You could even take down rafters, add functionality with storage space and closets.
(3) Bathroom Remodels Can Be Small AND Effective
Even if your home only has one bathroom, you can add resale value with home improvements. In fact, small restorations in this one room add an approximate 80-130% to their total costs over the life of a sale. When you’re looking to apply home improvements that increase your home’s value, stick to looking for areas that you aren’t utilizing for more space. You can take out closets, move stairs, and even find more space efficient surfaces. Just remember, half-baths take 18 feet and full sized baths about 35. Standing showers can save space; but even then, they still take up about 30 square feet of space.
As a prospective developer, you can add practically any accessories you want, figuring out specific costs for small items. Sometimes, big-box retailers like Lowe’s or Home Depot give you solid discounts on sinks, toilets, and even flooring. Saving on these important additions adds serious home improvement resale value that pays off.
You Should Really Read This: 10 Best Home Improvement Tips For Savvy Homeowners
(4) Window Replacement or Upgrade Your Windows? Your Choice
You might not consider it, but windows are one of the most inefficient aspects of any home. In many circumstances, they lead to higher electric bills, drafty homes, and eventually water damage and mold. These days, high quality windows aren’t that expensive. If you add solar tape, you can also insulate them easily and make them better to use.
Statistics show that windows have a huge effect on your overall bills (up to $500 a year in heating and cooling alone), as well as add solid value to a house. Older, rickety or outdated windows just look like added costs to new buyers, plus you could recoup as much as 60-90% of your cost (and receive a nice green energy tax credit).
(5) Deck and Patio Additions Can Add Thousands of Dollars of Worth to Your Home
One of the most appealing aspects of any home is the deck or patio. These outdoor living spaces become the epicenter of family activities and fun year-round, making them more than worth the investment. Plus, statistics show that decks can be extremely affordable for the recouped value of the materials (between $1,200 to $10,000). You make the most on the addition by doing it yourself- but this can be difficult. If you choose to go with a contractor, shop around before you set your heart on your purchases. Choose someone you can trust.
(6) Roof Replacement Doesn’t Have to Cost an Arm and a Leg
Your roof is another huge source of energy loss for your home. That being said, it’s also one of the most expensive aspects of your home, so you probably can’t afford to tear it off, re-shingle, or rebuild your home. Thankfully, just by adding some insulation and padding, you can save as much as $3,000 on electric bills (which would make anyone want to buy your house).
(7) Remodel Your Basement to Reap More $$$
You can also seal cracks around your house to make your home much more appealing. These cracks could add up to huge costs and potential pest infestations too (even just a several inch crack). Discover troublesome leaks around your doors, windows, electrical sockets, lighting sockets, in your attic, and even in the ducts and flow chambers in your basement. You also have to think about a programmable thermostat or new hot water heater. These amenities are usually worth the extra costs (because they add a considerable amount of savings over time).
(8) Landscaping is a One Home Improvement That Increases Your Home’s Value
The best landscaping low-cost home improvements to increase your home’s value is to simply add colorful shrubs and bushes (that are drought-resistant and look good for as long as possible). After that, you could cut down on weeds, implementing turf to make your yard look fuller and more lush. Adding a swing or nook is a good idea too (as well as giving you a little privacy).
Adding the Most Value With Simple Home Improvements!
Selling your home and making a profit doesn’t have to be stressful. Simple, positive improvements have a huge impact on your home’s overall appeal and market values! Take time to think about what’s really important to you; and think about the soul of your house. Only make changes that improve this value- but don’t get carried away! Remodeling entire rooms can cost more than $50,000 a room, and rarely pay back more than 44%. Start small, and get great results!
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