Home Improvement: 7 Residential Remodeling Ideas to Increase Home Value
While not everyone is thinking about leaving their home anytime soon, it’s a comforting feeling knowing you have positive equity in it.
As such, one thing people often consider when remodeling is how much value it will add to their home. Even if they don’t plan to move out soon, positive equity in a home could come in handy for refinancing or selling it later on down the road.
When it comes to home improvement, what will give you the best return on interest?
Keep reading to find out!
Home Improvement Projects to Increase Home Value
No matter what home improvement project you choose to do, you’ll most likely have to spend some money upfront. However, whether you’re looking at the financial return or the improved quality of living, every project will give you some level of satisfaction!
Here are 7 remodeling ideas to improve your home’s value.
1. New Windows
New windows are often a first when it comes to home improvement for value or appeal on the market. Old windows weren’t made with energy efficiency in mind. Rather than investing in tones of heavy drapes and blinds, why not make a permanent fix?
New windows can not only save homeowners close to $500 a year, but they also come in all types of designs. It’s easy for homeowners to pick the perfect windows for any taste and any house.
2. Updated Kitchen
Kitchens are incredibly important to people. It represents an idea of family. It makes sense, as that is where people prepare all of their family’s meals.
However, it’s hard to feel a strong sense of pride in your kitchen when it’s outdated and the appliances barely work. Updating a kitchen is one of the most cost-effective home improvement projects when it comes to getting a return on your interest.
3. Deck Addition
People love being outdoors, even while at home. Having a nice deck added onto a home provides a great place for family and friends to congregate and enjoy warm, sunny days.
They also provide the perfect setting for tasty barbeques!
4. A New Roof
One of the best home improvement jobs to increase your home’s value is putting a new roof on. As an added bonus, it could be covered by insurance!
An old or aging roof starts to become a stress factor, especially if you start noticing water leaks, loose shingles, or other damage.
5. Updated Bathroom
Much like a kitchen, and updated bathroom can really change the feel of a room or even the whole house. Whether you go all out for a luxurious bathroom with a jetted tub or keep it a little more modest, an updated bathroom can add thousands of dollars in value to your home.
6. New Floors
One of the biggest turn-offs people experience when walking into a home is the presence of grungy floors. Whether it’s stained carpets, dingy tiles or laminates, or dilapidated hardwoods, a bad floor can really decrease a home’s value.
Getting new floor put in not only improves your home’s value, but it could also be much safer for everyone’s health!
Finally, one of the most appealing things about a home is its exterior appearance. A nice yard with beautiful landscaping may be one of the best home improvement ideas to increase your home’s value.
There’s a reason they say curb appeal is so important when trying to sell a home. It’s the first impression you get of a home, it’s what you drive home to every day.
What Will You Do First?
Now that you know what home improvement projects will improve your quality of living and your home’s value, what will you do first?