You can dramatically increase your home’s value if you focus on the right renovations. The right renovations have the perfect cost versus value ratio. The wrong ones, on the other hand, tend to cost more but have less value. Examples of these include adding a swimming pool, a new master suite, remodeled basements or elaborate landscaping.
To avoid throwing money down the drain, it’s necessary to invest in the right renovations. Below are some useful tips for home renovation projects that increase the value of your home.
1. Update Your Kitchen
Here are some great ideas to update your kitchen.
- Opt for energy efficient appliances. Buyers will find your home to be cost efficient and this could in turn increase its value.
- Go the traditional route when choosing cabinets and countertops.
- Switch to stainless steel appliances.
- Stick with the overall theme of your home.
2. Update Your Bathrooms
Bathrooms are an important selling point for any house. They hold the key for buyers and renters. In a survey, 87% said that a nice bathroom could influence their decision to take on a house.
Here are some inexpensive bathroom renovation ideas:
- Go green with upgrades. For example, go for low-flow shower heads, sinks, and toilets.
- Freshen caulk and grout. You can add sparkle for a mere few dollars by simply cleaning the grout and adding straight, clean lines of caulk around the sink and tub.
- Update fixtures. These can make a very huge difference. You can update drawer pulls, towel racks, sink faucets, and light fixtures.
- Limit your tile. Only focus on high impact areas like the floor.
3. Update Your Flooring
According to Omni Property Management, your choice of flooring is one of the most important decisions you have to make when it comes to improving your home.
Here are some easy flooring updates:
- Install carpeting. Bare wood may be beautiful, but carpeting looks and feels good.
- Install a stair runner. Installing a carpeted runner can add a touch of elegance, texture and color to your home’s interior staircase.
- Epoxy-coat a garage floor. Epoxy resists oil stains, beads water, and wipes clean like a kitchen counter.
- Tile a floor. Tiles floors are beautiful and don’t require much maintenance.
- Lay a cork floor. A natural cork floor can turn any cool room into a cozy heaven. Cork floors are resilient yet durable, stylish and earthy.
- Paint a checkerboard floor.
4. Consider Adding A Deck
The cost depends on its size, and how many bells and whistles you want added, like built-in flower pots, multiple stairs, or built-in seating.
5. Add Energy Efficient Windows
Energy efficient windows are designed to prevent heated or cooled air escaping from your home. Energy loss happens through air leakage, convection currents, radiation, and conduction.
According to some studies, a typical home loses 30% of heating and air conditioning through windows. Thus, you can save money by investing in energy efficient windows. You can save up to $500 a year in heating and cooling costs, according to Energy Star.
6. Improve Your Home’s Curb Appeal
Increasing the curb appeal of your home is always a good idea. It’s the first impression people have when visiting. Part of the curb appeal of your home is in the small details and unique charm that grab attention.
Here are some ideas to boost the curb appeal of your home:
- Work on your porch. Make it look warm and welcoming.
- Perfect your green lawn. Consider installing a synthetic lawn for instant, quick and hassle-free results. Growing a lawn with natural grass will take months of waiting, money and effort.
- Clean up the driveway. It’ll help make a great first impression.
- Add or upgrade the front fence.