Home improvements are a great way to increase resale value. Maybe you are looking to sell right away or perhaps you want to update your home and want to get the most for your money. Whatever the reason for improving your home, we are here to give you the 4 best home improvements to increase value in your property.
Kitchen remodels are one of the best ways you can add value to your home. Not only do you get a beautiful new kitchen to cook in, but kitchen renovations give you a return on investment of anywhere between 60-120%, depending on the market you live in. Does that mean you should go and gut your entire kitchen? No! If you have outdated cabinets and would like to enhance them, you can do so on a budget, and expect a return when you sell. Other ways you can update your kitchen without shelling out a lot of cash:
- Updating countertops
- Adding a new backsplash
- Replacing outdated fixtures
One good rule of thumb when it comes to kitchen remodels: never make your kitchen nicer than that of the most expensive house in the neighborhood.
Second to kitchen remodels are bathroom improvements. According to HGTV bathrooms can return about 100% on investment. When investing in a bathroom remodel, choose timeless colors on tiles and fixtures. Spending a lot of money on trendy finishes isn’t a great use of your money. When you choose countertops, tiles, and flooring that will always be in style, you won’t have to worry about updating a second time when you are ready to sell. Additionally, if your home doesn’t have many bathrooms, you might want to invest in adding a second bathroom.
Remember that old saying, “you never get a second chance to make a first impression”? The same holds true for your home. Nothing turns buyers off more than weedy, patchy lawns, overgrown bushes, and dirty siding. Investing in the curb appeal of your home is a smart choice! The front of your home is the first thing buyers see when they pull up. You want them to instantly feel good when they see your home. Whether you need to invest in new landscaping, pressure washing your siding, or even renovating your porch, you can rest assured that curb appeal is a sound investment.
If you have an older home, investing in energy efficiencies is a win-win. When you update old windows, HVAC systems, or insulation not only are you making your home appealing to potential buyers, but you are reducing your energy costs and may even be eligible for tax deductions. Not all home efficiencies are costly. Simply sealing around your windows can reduce your heating and cooling costs.
If you are looking for assistance on what improvements to make to your home, contact R.H. Blanchard today.