Home renovation is a great way to amp up the value of a property, whether you’re just wanting to make some updates or if you’re looking to increase the resale value of your home. Improvements you make to your home can have a big impact on your bottom line. But rest assured, there are home improvement projects to fit every budget. The key is to select the right project for your particular house and determine the best return on your investment.
Maryland is home to many historic houses, and sometimes homeowners are faced with the daunting task of how to update and modernize homes that have stood for centuries. While these treasures of architecture need to be honored, there’s no harm in making your property into a home that you’ll love for years to come. When making renovations around the house, be sure to choose options that best represent the area’s natural beauty and historic style.
So what projects from around the home are the most impactful when it comes to return on investment? Let’s take a look.
Small Projects That Make a Big Difference
Whether you’re currently living in the home or prepping it for sale, small projects can still add up to a big impact. These projects include painting the inside and outside, updating knob and lever hardware, and updating landscaping.
Repairing any broken windows, updating countertops, and refinishing existing hardwood floors are a great source of returns. Adding new lighting when you refinish floors, and displaying artwork or mirrors on the walls can help both inside and outside the house.
Large-Scale Projects with Return
If you’re budget allows, consider investing in larger-scale renovations that offer good ROI. At the top of the list are bathroom renovations and kitchen updates, with master suites being especially important to potential homebuyers. Fresh paint, new light fixtures, and updated fixtures are areas of focus here as well.
Another project to seriously consider is adding a second story or an expansion of existing rooms in your home. This will not only wow potential buyers, but it will also increase the value of your property significantly.
Finally, don’t overlook exterior improvements. These include updating the siding, installing windows with a high Energy Star rating, and replacing an old deck. Replacing your roof and gutters are also great investments. As an added bonus, a large outdoor space is another area to consider, either to add a firepit or outdoor seating.
Improvements You Can Do On Your Own
- Power wash siding and walkways
- Organize the garage or storage spaces
- Improve landscaping around the house
- Update and organize closets
- Repair and update doors
Conclusion
Home renovation projects are a great way to increase the value of a property while customizing it to fit your tastes. Maryland provides great potential for adding value to your home with renovations and updates, but make sure to choose projects that make a return on your investment.