6 Home Improvements That Can Increase Home Value
With so many people spending more time at home due to the global pandemic, it is no surprise that home improvement projects are seeing a surge. The hardest decision can be where to divert your home improvement dollar so that it has the greatest impact. Here are six home improvements to consider if increasing your home value is one of your primary goals.
Finish Your Basement
If you have an empty basement that has not been finished, now is the time to get to work on it. Adding more square footage to your home is the best thing that you can do if you are looking to attract more buyers.
Keeping the space flexible will also help you to cast a wider net when you look to sell the home. It is also a good idea to keep the floor plan open, especially if the basement is particularly dark.Popular features in a finished basement include a bathroom, media room, or wet bar.
Add a Water Feature
For something extra fun, consider adding a water feature to your home. This can be something as small as a bubbling fountain or as big as an inground swimming pool or hot tub.
Many homeowners shy away from installing a pool because of the perceived work that goes into maintaining it. However, it is easy to hire swimming pool repairs Ocoee (if you live in that area) for all of your maintenance needs. The only thing that you will need to do is to simply enjoy spending days lounging around the pool in the comfort of your own backyard.
Touch Up Paint
Clearly, an entire paint job will deliver the greatest return on your investment. However, you do not need to repaint the whole exterior of the home in order to see an increase in your home’s value. Touching up the worn areas will convey that the home has been well taken care of.
Start by touching up any flaking or chips. You should also consider pressure washing the exterior in order to remove accumulated dirt and mold. In addition, painting the front door and the trim will also add a degree of freshness to the home. Do not forget to touch up your interior paint while you are at it.
Swap Out Fixtures Throughout the Home
If you do not have a lot of money in your home improvement budget to invest, you would be wise to consider funneling your funds toward the little details that can make a big difference. Swapping out the old fixtures throughout the home with a more modern vibe will instantly make an impact.
Fixtures to consider replacing include drawer knobs, faucets, and light plates. Making sure that everything coordinates will deliver a cohesive look that may have a big impact on potential buyers. Oil-rubbed bronzed is a good choice if you are aiming to create a classic look. For something more contemporary, consider rose gold, brushed nickel, or stainless steel.
Upgrade the Flooring
One of the first things that people will notice when touring your home is the flooring. You can use this truth to create a positive first impression by upgrading your flooring.
While many flooring trends come and go, you can count on classic hardwood flooring to retain its value. If you do not have the funds to completely replace your flooring, simply refinishing your current hardwood can have a significant effect on the aesthetics of your home.
Increase Energy Efficient
New homebuyers are looking for ways that their new home can save them money down the road. This makes it important that you divert part of your home improvement dollar to boost the efficiency of the house.
Start with replacing your old appliances with those that carry the Energy Star symbol, the recognized federal certification that indicates a reduced energy use that does not sacrifice performance. Homebuyers will certainly notice this certification.
Installing energy-efficient windows is another way to appeal to prospective homebuyers.
Carefully examining the return on investment for each home improvement project will help you to ascertain what ideas will deliver the most value. This is particularly important if you plan on putting your home on the market in the near future.