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.
Update Your Kitchen
The kitchen is the heart of the home. The right renovations can greatly add to the overall value of your home.
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.
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 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 showerheads, 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 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.
Update Your Flooring
According to Omni Property Management, your flooring choice is one of the most important decisions you have to make when 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 cozy heaven. Cork floors are resilient yet durable, stylish, and earthy.
- Paint a checkerboard floor.
Consider Adding A Deck
Adding a deck increases the value of your home. According to HGTV, homeowners can recoup up to 90% of their investment by adding a deck. Decks cost anywhere from $1,200 to $10,000, or more.
The cost depends on its size and how many bells and whistles you want to be added, like built-in flower pots, multiple stairs, or built-in seating.
Add Energy Efficient Windows
Energy-efficient windows are designed to prevent heated or cooled air from 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. According to Energy Star, you can save up to $500 a year in heating and cooling costs.
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 your home’s curb appeal 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 an 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.