Home Improvements that Increase the Value of Your Home
Since the real estate market is depreciating around the country, most homeowners have chosen not to sell their houses. Instead, they’ve decided to wait until the market improves. Currently, it is normal to place your home on the market on different occasions without success. However, remodeling your home to make it more appealing and comfortable could give you the price you are seeking for your home.
Only a few home improvement projects do add notable value to a house, particularly in a less competitive market. Discussed below are practical home improvement projects tips to increase your home’s value.
Kitchen Remodeling
Most homeowners think the kitchen is the focal point of their house; this is where many spend most of their time. Hence improvements in kitchen appreciate. According to an online source, a kitchen remodel will recoup approximately 60% to 120% of the investment provided that you do not go overboard. So, how should you renovate your kitchen?
The amount you should spend renovating your kitchen should be between $5,000 and $75,000. One of the pocket-friendly options is painting the space. You can use low VOC paint. It is not only eco-friendly but also assist your loved ones in avoiding inhaling dangerous chemicals such as benzene.
You can also consider replacing your appliances with energy-efficient models. Energy Star-rated appliances use less energy hence saving money at the same time conserve energy. Additionally, potential buyers are always looking for methods to reduce costs when purchasing a new house.
Bathroom Addition
Do not spend money renovating your bathroom if you have only one. The money could be spent better, adding another bathroom. A National Association of Realtors research of Florida State University discovered that adding another bathroom increases a home’s asking price by 8.7%, which is double the rate of building another bedroom.
When getting space for another bathroom, consider any underutilized space or extra room. You can also consider areas under your stairs or closets. A full bath that has a stand-up shower will require approximately thirty square feet.
Just like any home improvement project, the total cost of building an extra bathroom depends on the accessories and the variety of additions a homeowner wants to use. A great way of saving money is consulting an experienced Home Remodeling Contractor to advise you which additions to use.
Adding Space
Adding a room or two is a brilliant idea, especially if you are in a competitive market. There have been several requests for space addition in the past few years. This is because:

• Many homeowners want larger homes but cannot afford them, and
• Many people want rooms for crafts, hobbies, exercise, home office, and knitting.

A National Association of Realtors study conducted in 2005 found out that every 1,000 sq. Feet added to your home increases the home value by thirty percent. Like mentioned earlier, bathroom addition has the most returns. Addition of family rooms, sunrooms, and attic, on the other hand, appreciate by 70% to 80%, not forgetting the pleasure of spending in the new room.
House Maintenance
A renovated home, for instance, will lose its glamour if there is water leaking from the basement when a prospective customer comes to see the house. According to an experienced contractor, the priority of any homeowner is to ensure that the existing structure is in good shape. For instance, you should not spend a lot of money remodeling the kitchen only to have a musty smell emitted from leaking water through the foundation. Ensure that you perform proper home maintenance.
Many potential buyers have a limit on what they would spend purchasing a home. If they know that they will not spend money on basic system repair, the probability to purchase the home and think through improving the baths and kitchen themselves is very high.
Curb Appeal
Dick Gaylord, a real estate agent for twenty-seven years, states that if visitors drive into your home and aren’t impressed, the chances are that they are not going to enter your home. To increase your home’s value, walk down your neighborhood, and then ask yourself whether your home look welcoming and attractive at a glance.
Come up with a list of means to improve the positive as well as get rid of the undesirable. If you have a walkway, put the accent on it, either with lanterns or flowers. If the first thing your guests see is a big garage, consider painting the front door with colors such as charcoal, navy blue or dark gray. According to a report released by CBS Money Watch, these colors can fetch up to $1,514 boost to the value of your home.
Take a digital photograph and look at your house in black and white. When you remove color, you will be able to see glaring flaws and cracks on the walls.
You can also speak with your neighbors about keeping things tidy and clean. Curb appeal does not stop at your home. Your house will increase in value if it’s in a neighborhood where every homeowner focuses on appearance. You can also ask your neighbors to come together in trimming hedges and mowing lawns.
Get Energy Efficient Windows
According to the National Association of Home Builders (NAHB) survey, potential home buyers nowadays look for houses with energy-efficient windows in mind. Importantly, replacing old double-hung or single-pane windows with insulated vinyl windows recoups approximately 74 percent of the total cost.
However, it is important to note that the minimum energy-efficiency standards for these windows vary depending on the climatic zones. Consider talking to a professional Home Remodeling Contractor. The expert will advise you on what meets your area’s standards for preventing heat flow, allowing light to enter, and blocking heat from the sun.
Open Up Your Floor Plan
Removing the correct wall generates that spacious layout on most buyers’ wish lists. The National Association of Home Builders’ study shows that potential buyers love designs that are partially open or completely open around the kitchen, dining room, and living room. This is because an open floor plan arrangement allows more light, hence making your home look bigger and more welcoming.
Well, your home still requires definition and structural support between rooms; therefore, consult an interior designer or home remodeling contractor before picking a hammer.
Improve your Garage Door
It may not be an interesting upgrade, but according to the 2018 Costs vs. Value report, replacing your garage door with a modern model will earn you 98.3% of the spent costs. Now that is money that is well spent, right?
Modern upscale garage doors are made of durable materials such as aluminum, steel, and wood composites. They also come with high-performance features like insulation and energy-saving glazing. Wood is also a brilliant option aesthetically although it is not weather resistant. If you indeed want a wooden garage door, make sure you use either wood composite or fiberglass.
You have many options for home remodeling as far as increasing your home’s value is concerned. However, it is wise to concentrate on projects that not only add comfort and character to your home but also make the home appealing to prospective buyers.