Some home improvements are just for the purpose of making your house more comfortable for you and your family. While other home renovations are as much about boosting the value of your home as they are about making it more comfortable.
If you’re planning to sell in the near future, you’ll want to spend your home improvement cash wisely. Maintaining your house is a necessary aspect of being a homeowner, especially if you want to raise the value of your property.
Aside from regular upkeep, there are a number of other tasks you may undertake to help your property sell for a higher price. Here is a rundown of seven home upgrades that will boost the value of your property and provide you with the best return on your investment.
1. Kitchen Upgrades
Today’s society encourages people to cook at home rather than eat out since it saves money over time and is safer for families. When it’s time to sell your home, even a small kitchen upgrade may repay 80.5 percent of your investment.
If you want to transform the kitchen you need to reface cabinets, put new worktops and flooring, update the lighting, and then install a new sink, fixtures, and range.
People, in most situations, want larger and more modern kitchens than they presently have. When the time comes to sell your home, a kitchen remodel can just be the deciding factor.
2. Remodel Your Bathroom
Same as the kitchen, bathrooms are also very important to potential buyers. Updating or expanding bathrooms, particularly master baths, will increase the value of your home significantly. Nowadays buyers are seeking a master suite with his and her sinks, large showers, and lots of square footage.
Heated floors, steam showers, and whirlpool tubs are nice extras, and there should be plenty of storage. Traditional ceramic tile floors are recommended because they tolerate water better than wood or linoleum.
3. Transform the Unused Space Into a Home Office
As workplaces closed down, the COVID-19 pandemic changed the face of major work trends. Employers increasingly adopted work-from-home arrangements and it is expected that this trend may continue in the future.
Millions of Americans work from home each year, and the number continues to rise. As a result, having a home office has become more of a need than a luxury. Having a dedicated work area not only adds value to your home but also allows you to deduct your telecommuting expenses.
Converting unused space into a workspace is a terrific way to do business from the convenience of your own home.
4. It’s All About Exteriors
If your home doesn’t appeal to potential buyers from the exterior, odds are they won’t go inside. Painting the outside of your home is a smart place to start if the color is old or fading. Choose exterior colors and elements that are appropriate and make your home look good from the outside.
It’s crucial to repair a damaged driveway or pathway since it’s what brings visitors to your house, and you want it to be friendly. Beautiful, well-kept front-yard landscaping will help increase the value of your property.
Your garage door not only provides additional security but also entices buyers since they can see how well the property has been maintained before ever entering. You increase the value of your house by installing a high-quality garage door.
5. Get the Basement Done
Why add a room to your house if you already have an unfinished basement? Basements may easily be converted into leisure areas, barrooms, or media rooms, as well as additional bedrooms or rental units if there is a separate entry — plus they bring in more money when you sell.
But don’t hurry down to the basement and start pounding. It’s critical to include a bathroom in any lower-level makeover, as having one may significantly raise the value of your home. Also, avoid putting up a lot of walls or passageways, since this will make the space feel smaller and darker, which is already the case in basements.
6. Home Automation
Smart home gadgets are growing in popularity in the real estate industry, helping to increase property prices and provide a fresh attraction for potential buyers. In 2016, Consumer Reports predicted that smart home automation may boost a house’s total value by 3% to 5%, a figure that is expected to rise as more people get familiar with smart home devices and automation.
The following are some of the most popular smart house upgrades: smart connected appliances, smart smoke detectors, smart water heaters and controllers, smart security devices, key-less entry, high-end Wi-Fi connectivity, and so on.
Home renovation projects may be tough to prioritize and budget for, which is why it’s critical to pick the ones that provide the greatest value. Focus on remodels and upgrades that will increase rather than decrease the value of your house if you want to sell it in the future.