Do you want to sell your home? One of the best ways to increase the value of your home is by making improvements. However, home improvement projects may seem like a waste of money if the finished product doesn't see a good return on your investment. To avoid this, make sure you know what home improvements pay back and which ones don't. Also, concentrate more on the exterior. This will attract potential buyers and give them an excellent first impression.
Here are 7 ways you can improve your home to increase value.
The garage is the first thing that your potential buyers will notice when they step into your home. Installing garage doors made of steel or fiberglass increases the curb appeal of your house. Moreover, when you build a garage with a loft you’re making a long-term investment. Modern insulated garage doors also protect you from noise, dust and provide better thermal insulation than their wooden counterparts.
Also, install garage cabinets for extra storage. Adding cabinets in open space is convenient for homeowners and adds value to your property by transforming wasted storage space into additional living areas. You can buy garage cabinets in a range of styles and finishes to suit your needs.
Adding energy-efficient windows is one of the best ways to increase the value of your home. Replacing older windows with new vinyl or fiberglass models will not only give your home a good first impression but also help you save. Significantly, save on heating bills in winter and cooling costs in summer by making your house more energy-efficient. It is essential to know that window replacement is an expense that can cost anywhere between $300 to $3,000. So, it's necessary to know if this is the best home improvement project for your house.
New windows make your home more energy-efficient and help you save on heating bills in winter and cooling costs in summer.
An outdated deck is one of the first things potential buyers notice when they visit your house for sale. If it has not been maintained, replacing an old deck with a new one can increase your home's value by up to $8,000. It is advisable to install a new pressure-treated wood deck or a composite material such as Trex. This will give your house a fresh look and make it feel new. However, it is essential to note that pressure-treated wood decks need little maintenance but may rot over time if exposed to moisture too often because of their chemical treatment during production. Composite decks are maintenance-free, durable, and better looking than wooden decks. Composite decks are more expensive, but they last longer.
According to the American Society of Landscape Architects, Creating outdoor living areas (patios and decks), planting trees, and adding new landscaping in the front yard will add value to your property. Landscaping not only makes your lawn look beautiful but also protects it from erosion and other environmental hazards that may harm your lawn and landscaping. Adding an outdoor kitchen or fireplace, installing a water feature, or a complete fence can also increase the value of your property and provide homeowners with more flexible living options.
Sidewalk and driveway repairs and installing a new fence will add more value to your home than cosmetic repairs such as repainting or replacing gutters. Since buyers are more interested in the value of your home rather than its features, it is recommended to install high-end features such as hardwood floors or an updated kitchen only after you've purchased a new property.
If your heating and cooling system is more than ten years old, it may be time to replace it with a new one. There are also other signs that show your HVAC requires repair. If it’s beyond repair, you can install an advanced HVAC system such as geothermal heat pumps in place of conventional heating and cooling systems such as air conditioners, and furnaces will improve the comfort level of your home and help you lower energy costs.
Another good option is replacing existing ducts with spray-foam insulation for better thermal. Finally, if you're thinking about adding a pool, it is essential to know that pool installation in itself includes a series of other tasks such as excavation and foundation work. Thus installation of a swimming pool will add more value and cost compared to installing an HVAC system.
If your roof is more than 10-15 years old, it may be time to replace it with a new one. Installing high-end shingle roofs such as steel or clay tiles adds more value to your property than asphalt shingles. Moreover, for buyers looking for houses with reduced energy expenses, metal roofs can also provide insulation from the heat in the summer and cold in the winter. Keep in mind that you need to wait until you have sold your home before planning to replace your roof. It is essential to know that cosmetic maintenance such as repainting or replacing gutters will not add any value to your home if you make repairs.
One great way to add more living space without increasing the size of your house is by adding bathrooms or bedrooms where they don't exist. These additions can help you work around issues such as limited backyard space and allow buyers access to more bedrooms and bathrooms than what was previously available at the property. While this may sound like a no-brainer, remember that choosing which rooms should be added isn't always as easy as it sounds. It's recommended that bathrooms and bedrooms be added in the following order:
To make your home as appealing as possible, think about whether or not a renovation project will have the potential to increase its value. If you want to get the best return on your investment, consider projects viewed favorably by most buyers, like repainting and replacing hardwood floors with ceramic ones. Although adding an extra bathroom or living room might be tempting, it is essential to remember that any renovations you make should reflect your style while also matching homes in your area.