Buying a house is an investment that typically increases in value over time. In some circumstances, there isn’t much more you can do to the property to add more value. However, in many situations, even the simplest improvement can drastically change the value of your property.
If you’re planning to sell your home or are looking to spruce things up at the moment, we have five renovations that you can do to increase the value of your home.
Replace and Update the Windows
If you want to add a bit of value to your home, replacing your windows is a sure way to do it. You don’t want just any windows, however. Energy-efficient windows are the way to go. People are always looking for ways to save on their utility bills, and energy-efficient windows allow you to keep the warm air in during winter, and the cold air in during summer.
If you don’t have one already, consider installing a skylight as well. Skylights add a different source of natural light and are another way to allow the fresh air inside.
Update Your Kitchen
For most families, the kitchen is the heart of their home. It’s where everyone congregates after a long day, where you entertain the majority of your guests, and the most obvious reason, where you cook and sometimes eat your meals.
Updating the kitchen can go two ways – either it can significantly increase the value of your home, in which you recoup most of your costs, or you could invest too much that doesn’t match the rest of your home and never get that money back. As you remodel your kitchen, keep in mind the style of the rest of your home.
Change a Room
It’s easy to think that you have to spend tens of thousands of dollars, expanding the square footage of your home to increase the value. However, simply converting an existing room into something different can help. If you haven’t finished your basement, complete that task and turn it into a second living room or a recreational room for kids. You could even turn the attic into a craft room or a new office space.
Before doing any drastic changes to your home, consider reinventing certain rooms that don’t get used very often. You’d be surprised the ideas you can come up with, and how much it affects the value of your home.
Finish Simple Upgrades
Although you may not want to do them and can easily say that the new owners can take care of them, but if you want to recoup as much of your investment as possible, finish any simple upgrades around the house. Adding things like a fresh coat of paint, replacing broken tiles or splinted trim, or even fixing plumbing problems, are upgrades that can help you out with the value of your home.
Upgrades to Avoid
Not all updates will add value to your home, no matter how much you enjoy them. Adding in pools, installing crazy expensive appliances and turning your kitchen into a gourmet restaurant, won’t help you in the long run.
If you want to add more value to your house, think of practical improvements that will help the house.