The housing market is on the rise, and many people are thinking of selling their homes this year. One way to increase the value of your home is by making small but impactful changes throughout the house. There is an art to selecting the right improvements that will actually get you a return on your investment.
There are a lot of different ways you can do this- we’ll cover 6!
It is common for homeowners to overshoot their home renovations. They end up sinking too much money into renovations that cost a lot and don’t increase the resale value. Other times, they don’t fix simple issues that can actually bring them a big return. They end up leaving lots of money on the table.
1) Painting
Painting is one of the easiest projects that will make an impact in your home’s aesthetic. It doesn’t take much time or money to paint a room, and it will give you new vibes for your space!
Hiring a professional painting crew will give your home the wow factor that painting rooms yourself just won’t accomplish. Professional painters know how to fix imperfections on the surface of your walls. They sand them down, patch areas that need to be fixed, and they use high quality materials.
Not only this but they also know how to paint the edges just right, so everything looks pristine.
2) Improve Curb Appeal
There are a few ways to improve the curb appeal of your home. And, there is no doubt about the huge impact it can have on the value of your home. If you’re in the process of selling your house, it is important that you take a look at where you can update your curb appeal.
You might want to think about planting trees, adding shrubs and more. Doing this will make your house look beautiful from the street and any visitors that come by will be able to see what a great property you have.
But, curb appeal isn’t only limited to landscaping. There are other components of your home that can have a major impact too. For instance, replacing your garage door to a more modern or decorative design can completely change the look and feel of the front of the home.
The same goes with replacing or painting your front door. Think of the many options you can choose from to make your front door really pop.
3) Concrete Patios
One of the best ways to increase your home’s value is by adding a concrete patio. It provides you an outdoor area for entertaining, and it creates more living space on your property.
Concrete patios not only expand the living space of the home, but they offer a low-maintenance way to add durable outdoor flooring. These types of patios require very little maintenance, are easy to clean, and lend themselves to a variety of styles and designs.
If you want to elevate the look and wow factor even more, you can opt for a decorative concrete patio. You’d be surprised by the vast variety of designs and colors available to you. There are even concrete designs that mimic other flooring materials such as wood planks and natural stone pavers.
The cost of concrete work is usually around $60 per square foot, but this price tag can fluctuate depending on the size and style. Furthermore, it’s a one-time investment that pays off in the long term.
4) Landscape Upgrades
The cost of landscape upgrades can vary greatly depending on the scope and size, but a well designed landscaping project has the potential to increase your home value by $20 – $40 per square foot. These additions are often overlooked in terms of their return-on-investment (ROI), but investing in this type of renovation is an easy way to add curb appeal and improve property values.
Planning these enhancements shouldn’t be done quickly or without thought because it’s not just about aesthetics; there are many other factors that contribute to how much money you could make with this kind of upgrade.
If you want more information on what types of outdoor improvements will maximize your ROI, here are some ideas: a fresh lawn, new mulch and bark in all garden beds, patio area with outdoor furniture.
The best way to maximize the potential for a significant return on investment is to think about how you can make your improvements unique in some fashion or style that sets them apart from others in the neighborhood. Not only will this provide an opportunity for greater appreciation; it also makes these changes more aesthetically pleasing and interesting than most other homes around town.
5) Painting Your Kitchen Cabinets
Painting your kitchen cabinets is another way to increase your home’s value. A new coat of paint can make your kitchen look newer and cleaner, which is appealing to potential buyers.
It also gives you the opportunity to give a more updated feel with something like chalkboard paint on one side for entertaining or keeping track of food in the fridge. Not sure what color will have the most impact?
Scroll through a few home remodeling websites to check out the latest trends. This will help you select a color that is most appealing to homebuyers right now.
Ideas such as these are not only attractive but functional.
6) Refinish or Restore Hardwood Floors
Refinishing hardwood floors increases your home’s resale value as well. This can be achieved by sanding, stripping and refinishing the original hardwood. This rids floors of imperfections such as scrapes, scratches, faded varnish and water stains.
It’s an inexpensive way to update the flooring throughout your home that doesn’t require installation or purchasing new materials. Some benefits associated with hardwood floor refinishing are that it is easy and inexpensive, there’s no need for new materials, you can get creative with your finishes and its low-impact on our environment.
As a rule, increasing the square footage of your home and remodeling kitchens and bathrooms increase resale value tremendously. They tend to be the most popular projects. However, the 6 projects outlined above are best if you are short on time and/or have a limited budget.
