There are many different ways that you can add value to your home. If you want to sell in the future, completing some of these projects will help you get more for your home. Overall, you want to make sure the building is in perfect condition for homebuyers.
It would be best if you took the time to ensure you complete the tasks correctly- making minor improvements to cover up problems won’t add the value you want. Here are all the different projects you can finish to make your home instantly worth more!
Work on the Bathroom
First, you will want to start by sprucing up your bathroom. Plus, updating an outdated bathroom can bring a lot of value to your home. So you will want to focus on making it more modern where you can.
Do this by updating your mirrors, plumbing fixtures, and add more lighting (natural light is better). When you’ve completed those steps, you will want to consider adding some new tile flooring or walls.
You will also want to think about doing a full remodel if you have the budget for it. Doing so will finish the bathroom all at once, allowing you to complete the process faster. Plus, an entire remodel will add the most value to your home.
Once you’ve completed the renovations on the bathroom, you will need to “dress it up.” Add decorations and plenty of plants. The decor will make the room look much nicer and give it a “finished” feeling.
According to Discover, average bathroom remodels cost under $18,000, and most people get back 66% of that expense in the value of their home.
Add More to the Outside
The next way to increase the value of your home is to add more structures to the outside. For example, you can install fences, a fire pit, swimming pool, garden, or a deck to your yard- you have plenty of options!
A new fence is one of the most straightforward additions you can make. Or, if you already have an old one outside, you will want to maintain it. Privacy fences add the most to a home’s value since it increases the curb appearance of your property.
Fire pits are the cheapest option to install on your property. They are easy to make, don’t take up a lot of space, and homebuyers love them. The fire pit provides a space outside to relax and feel comfortable. Installing one can significantly increase the value of your home.
Additionally, many people choose to add a deck to their yard. These additions are expensive, but they add an excellent place for family and friends to spend time together. In addition, they make potential homebuyers feel like they have more usable space as well.
Finally, swimming pools are the most expensive installation option while adding a lot of value. Having a pool is great for spending time outside with your loved ones, but you have to spend a lot of money to maintain it. If you aren’t planning on selling the home right after installation, it’s not worth it for many people. However, you can enjoy using it until you make the final sale!
Upgrade or Replace Your Home’s Roof
Upgrading your roof comes with several benefits. You receive an improved resale price while also getting better curb appeal. Plus, a new roof can significantly improve your home’s insulation, leading to a lower monthly power bill.
The roof is a huge factor in buying a home since it represents the house’s overall condition. If the roof is in bad shape, many people feel the home will need a lot of work, which offers you a much lower sale price.
If your roof needs repairs, it’s best to take care of it before you put it on the market. Doing so will ensure that it doesn’t harm the resale value. Have a roofing contractor advise you on the best option, whether it be to repair or replace your roof, based on your situation.
On average, you can expect a new asphalt roof to increase the home’s resale value by around $15,000. In addition, you can expect to get back about 68% of the roof’s installation cost since the value of your home rises. This data makes it well worth upgrading or replacing your roof- especially if it’s wearing out.
Repair and Replace Old Windows
Finally, you will want to install some new windows around the home where needed. New windows increase the home’s value since they look great and add to the overall energy efficiency. Broken or cracked windows can turn away many potential homebuyers.
While it can be expensive to purchase new windows, you will make back that investment using energy-efficient ones. The windows hold in heat or cool air from your home systems, making your monthly power bill much less over time.
Homebuyers love seeing energy-efficient windows since they know they will help them save money in the long term. By adding them, you can expect the value of your home to increase significantly. While different for everyone, you may even get back a majority of your investment.
Install Smart Devices
Finally, more and more homebuyers are gaining an interest in smart technology. For example, you can make the house safer simultaneously with smart fire alarms, carbon monoxide detectors, locks, lights, and even security cameras.
Smart devices make a home much more appealing to people. So if a homebuyer is trying to decide between your home and a similar one without smart technology, they will be more likely to choose yours.
Overall, adding a few smart devices to the home is a great idea to capture the interest of more homebuyers. They are also simple to install and are cost-efficient when compared to other options.
Adding Value to Your Property
Adding value to your property not only increases its potential sales price, but it also improves your home overall. And this means that you can make a higher profit when you sell but you can also enjoy your house while you live in it. So, no matter what your situation, investing in your home is a win-win.
Feature image: Photo by Sidekix Media on Unsplash
Window photo: Photo by Nathan Fertig on Unsplash
Home photo: https://www.pexels.com/photo/blue-and-gray-concrete-house-with-attic-during-twilight-186077/