Making the right investments to upgrade your home can result in a higher sale value when the time comes to move on. From roof replacements to backyard makeovers, certain improvements to your house can make all the difference.
Upgrade projects that tend to bring up the value of a home are generally higher cost investments, but when done correctly they can increase the market value by the full costing of the project.
For example, kitchen and bathroom remodels are two of the most popular projects that bring the biggest profit and make houses likelier to sell faster. Attractive kitchens as well as properly functioning bathrooms can be a real selling point to future buyers.
Energy Efficient Upgrades
Energy upgrades like windows, doors, insulation, and other materials that retain energy can cause a real improvement to a home, and increase its desirability for those looking at energy efficiency solutions. These improvements are also beneficial from a cost perspective, as future owners will save on their utility bills.
By becoming energy efficient, you can save money over time, and make your home more attractive to potential buyers. This does require an initial investment while replacing materials or making insulation upgrades, but the energy efficiency of your home will be much greater and you can recuperate these costs by adding value to your property.
Exterior Upgrades
The outside of the home can also bring value to potential owners. Upgrading the siding, outdoor paint, plumbing, and landscaping are all ways to make the house look spiffy and be more attractive to prospective buyers. Repainting can bring the look of the house up to date, and new landscaping or outdoor patio renovations can make it look more inviting.
Upgrades like these add charm and entrancement to the house, and can greatly increase the market value and potential buyers’ interest. Simple upgrades to the landscape, like wood decks and steps, can definitely increase the appeal of a house.
Expensive siding and outdoor paint can also be beneficial, as they offer more protection against harsh weather conditions and can greatly improve the appearance of the house from the outside.
Renovation Checklist
- Kitchen and bathroom remodeling
- Energy efficient upgrades
- Painting the inside and outside of your house
- New plumbing fixtures and water heaters
- Landscaping and outdoor deck additions
- Furnaces, HVAC units, and roofs
- Windows and other exterior features
Conclusion
Investing in carefully planned renovations and upgrades can has the potential to add great value to your home. Whether it’s energy efficiency improvements, new features, or aesthetics, if done right, these upgrades can definitely create a return on your investment when it comes time to sell.