Everyone wants to fix up their home, but many people don’t realize or even think about how much money those renovations will add to the value of their home. Luckily, we’ve made a list of the top three home improvement projects that will add value to your home.
1) Update Your Kitchen & Bathrooms
You may have heard some say “kitchens and bathrooms sell homes,” and there is a lot of truth to that. When someone walks into a home, there are really three things they primarily look at – the kitchen, the bathrooms, and how much space there is. Since you can’t easily make all of the rooms in your home bigger, the kitchen and bathroom are the two main areas you can remodel and get a lot of value. The good thing about this is you can do it slowly over time, and spread out the costs of the remodel. For example, one year you could replace the cabinets in your kitchen and all the toilets in your bathrooms. Next year, move on to new counter tops in the kitchen and new tile in the bathrooms. This process can go on and on, but it ensures that you have the funds to get the job done while spreading out renovations over time.
2) Increase The Curb Appeal
The first impression your home will have to anyone is how it looks from the street. It says everything to many potential buyers, so be sure to keep your landscaping on point, plant flowers, trees, and keep your lawn manicured. It’s also important to keep paint from chipping, siding pressure washed, and wood stained and tidy. These small, little things don’t take much work if you do them once a year, but they can take tremendous amounts of time if you let them add up. Keeping up with these simple exterior items will go a long way towards home value.
3) Finish That Basement!
Adding square footage to your home is the easiest and best way to increase value. If possible, add heat and air to your basement, put down some carpet, and paint the walls. These simple things will go a long way and could increase the value of your home 20 to 30%! In addition to that, you get new space to enjoy while you’re living in the home. It really is a win-win, and finishing a basement can be a lot more cost effective than many people believe. Remember how I said it’s hard to make your house bigger? Finishing a basement literally does that and increased square footage means more money for you when you sell the home.
Other Quick Things To Add Value
Here is another quick list of things that will help you get more out of your home when you sell it that don’t necessarily require an entire paragraph to explain.
- Replacing carpet with hardwood.
- Going from vinyl to tile in the bathroom.
- Painting all of the rooms neutral colors.
- Turning an extra coat closet into a half bath.
- Adding a covered patio area in the backyard.
- Installing new, insulating windows.
- Painting the front door.
- Simply not letting things sit. Fix issues as soon as they arise.
If you take and do two of these each summer, your home will hold and likely grow in value tremendously.
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