The Top Home Improvement Projects To Increase Your Property Value

Home improvement projects are an effective way to add value to your property. However, not all projects are created equal. Some don’t provide a good return on investment, such as upscale entertainment upgrades that are not only necessary for some future buyers or out-of-the-norm for the neighborhood.

Choosing cost-efficient renovation projects that can help you recoup your expenses at the time of sale is important.

Kitchen Remodel

A well-executed kitchen remodel can increase the resale value of your home by up to 10 percent. Plus, you’ll be able to enjoy your newly remodeled kitchen for years.

Buyers are looking for modern kitchens that are easy to work in and entertain. An eat-in kitchen island is one way to add value, as is opening up your kitchen space by removing walls.

You’ll also be able to take advantage of new technology that’s turning kitchens into command centers by adding smart appliances and voice-activated faucets. These technologies can help make your life easier and save you money on energy costs.

Living Room Remodel

A living room remodel can make a huge difference in the look and feel of your home. It’s one of the top home improvement projects for increasing a property’s value nationwide.

A popular upgrade is replacing carpets with hardwood floors. Buyers prefer the look and durability of natural wood over outdated carpet. The best part is that it can be done on a budget.

Adding new windows and doors is another way to improve the appeal of your living room. This update is also one of the most cost-effective and valuable.

Any living room remodel that alters the roofline, requires electrical work, or adds/removes walls will require permits from your local building department. The cost of these permits varies by location. A contractor estimate app can help you determine the cost of your remodeling project. It’s also important to clearly envision the desired living room design before starting the renovation. This will prevent costly mistakes down the road.

Bath Remodel

Like a kitchen remodel, a bathroom renovation is a major home improvement project that can increase your property value. Buyers tend to favor homes with recently upgraded bathrooms, which also helps them close on the deal faster.

A bathroom remodel can be done at a relatively low price. Simple upgrades like updating your toilet fixtures, adding wallpaper and installing new tile are inexpensive ways to upgrade your bathroom.

However, not all bathroom improvements add value. For example, a luxury update to your main suite with a lounge area and fireplace is expensive and may appeal to only some buyers. Similarly, a custom-built-in bedroom closet or an outdoor kitchen can decrease your property value. Such projects are often too personalized and don’t appeal to the broadest range of potential buyers. Instead, opt for a more moderate upgrade, like replacing your carpets with hardwood floors.

Exterior Remodel

Many homeowners undertake home improvement projects to boost their property value when the time comes to sell. While whole house remodels like adding a pool or a state-of-the-art kitchen can certainly do the trick, plenty of low-cost, high-value renovation ideas will improve your home’s value without putting you in debt or running through your savings.

For example, replacing your front door with a steel model can add curb appeal while offering a double-whammy of energy efficiency by fitting more tightly into doorframes to reduce drafts that drive up heating and cooling costs. Replacing your old windows and siding with newer, more efficient versions will save money and help your home look better.

However, all these exterior remodeling projects should only be undertaken by professional contractors who can protect the warranties and guarantee a job done right.