Whether you’re looking to upgrade your home for personal use or future resale, several specific improvements improve home value. Continue reading to find out how you can get the greatest return on the money you spend.
The number one feature home buyers are looking for is an updated kitchen. Buyers want to know they can move in and immediately start cooking in the kitchen. While this doesn’t mean you need to tear down your existing kitchen, it’s a good idea to start by updating the cabinets, countertops, and flooring.
Because of the varying needs of home buyers, a room that can be considered flex space is ideal. Finishing a basement is a great way to easily provide flex space. A room that can be used as an office, playroom, etc. is great for improving home value.
One improvement that benefits you and future home buyers is increased energy efficiency. Simple improvements include high-efficiency windows, LED lights and an energy-efficient water heater. Purchasing a home isn’t the only cost of homeownership: maintenance and energy costs can easily add up.
Plan your home improvements around the goal to reduce work and stress. Homebuyers today want to purchase a home that isn’t going to take a lot of ongoing work or maintenance. For example, instead of installing carpet, consider flooring that has a longer lifespan like tile or luxury vinyl tile.
Homeowners want to know they can enjoy the home for many years. There are simple improvements you can make to increase the comfort of your home for older people. Comfort-height toilets and walk-in showers are just a few low-cost improvements in this category.
A fresh coat of paint quickly improves the feel and value of a home. If you’re selling your home, don’t spend a fortune repainting every room; however, spend the time and money to update any noticeably damaged walls.
Your outdoor landscape says a lot about the overall maintenance of your home. A well-groomed lawn and landscaping communicate that you take care of your home. Be sure to balance out landscaping by planting low-maintenance trees, shrubs, and flowers.
When adding technology to your home, make smart choices. For example, installing a programmable thermostat and a whole-house generator are improvements that will last for many years.
If you’re looking to increase your home value, consider these eight tips that will give you the most return on your investment.