Whether you are painting a room in your house or converting an entire space into a new room, home projects can accomplish a lot. They can update the look of your house, making it more aesthetically pleasing and comfortable, as well as increase your home’s value.
The return on your investment can depend on several factors such as the value of the other houses near you, the quality of the home project and the current housing market. It is also important to keep in mind that certain projects have a higher return on investment than others. Read on to find out which projects are worth focusing on to increase the value of your home:
The kitchen is undoubtedly one of the most important and most frequently used spaces. It is also one area that tends to show age more than other areas of a house. Because of that, updated kitchens directly improve a home’s value.
For a great return on investment, you don’t even need to remodel the entire kitchen. Simple projects like adding a fresh coat of paint to the walls, painting or refinishing the cabinets and changing up the hardware are all inexpensive ways to spruce up this space.
Garage Door Replacement
Replacing your garage door doesn’t just improve your home’s curb appeal — it also adds to your home’s value. This is especially true if your garage door faces the street. If you are selling your home, it will be one of the first things buyers see when they come to look at your house. Today, it is easier than ever to find a new garage door to fit your budget and compliment your home’s architectural style.
Energy Efficient Windows
Regular windows, especially if they are drafty or single-pane, can negatively impact your energy bills. They can allow heat to escape in the winter and prevent your house from cooling down in the summer. When you replace them with energy-efficient windows, you can add more value to your home. Buyers will be attracted by how much they can potentially save on their heating and cooling costs and will likely take special notice of your house.
Adding a bathroom is a great way to add value to your home, especially if you currently only have one. You can easily transform spaces like a walk-in closet, an area under your stairs, an extra pantry, or an area of your basement into an additional bathroom.
Depending on the size of your space, you can choose from a half-bath or full bath addition. Just keep in mind that each type has certain size specifications — for example, a stand-up shower will probably need around 30 square feet of space.
Just like energy-efficient windows, adding insulation to your home attracts buyers and adds value to your home because of the lowered heating and cooling costs.
Even simple projects, like sealing air leaks with caulking, impact how well your home holds hot and cold air. To improve your home’s insulation qualities, focus on key areas of your home where leaks tend to occur, such as around your attic hatch, around electrical sockets and light switches, around your doors and windows, and in the basement.