Remodeling your Kitchen-
Remodeling your home’s kitchen can increase your home’s value by up to 65%. But don’t go overboard. Adding an $80,000 kitchen to a $125,000 home isn’t a smart move. Start with smaller projects like painting your cabinets, updating your counter tops, faucets, etc and maybe some updated flooring. Try to stick to a reasonable budget that makes sense. There are a ton of new options out there that are affordable!
2. Upgrade your appliances-
Do your appliances match? Believe it or not that’s a big deal. Consider replacing older appliances with new energy-efficient models, which are better for the environment and use less energy. Potential buyers are often looking for ways to save money when shopping for a new home. Good, matching, energy-efficient appliances are a great way to increase your home’s value.
3. Bathroom Remodel-
Remodeling your bathroom can increase your home value up to 80%! But just like with the kitchen, don’t go crazy with expensive remodels. Painting the vanity, replacing the boring mirrors, adding new brighter light fixtures, re-grout the bathtub, add some fresh modern paint to the walls and call it a day!
4. Remodel/finish your basement-
Have an unfinished basement? Finishing off your basement can increase your home value by increasing the square footage of your home. Convert your basement into another bedroom or even a family room. The more versatile the room, the more appeal to potential buyers who can personalize the space.
5. Add on a deck-
According to the 2021 Cost vs. Value Report from Remodeling magazine, a deck addition is a top 10 outdoor home improvement. A wood deck, which will cost on average about $16,766 will recoup about 68% of its value, and a composite deck, which will cost about $22,426, will recoup about 63% at home sale. Therefore, making a deck addition 100% worth the cost!
6. Boost curb appeal-
Re-stain your front porch, steps, etc. Add some flowers to your flower bed, re-do your sidewalk. Install a new front door or even windows! All of these things are great ways to boost your curb appeal. Like most items on this list, don’t go overboard. Creating a backyard or front yard paradise is nice, but it won’t add to your asking price. A well-kept lawn and some well placed shrubbery and vegetation is all you really need to boost the "wow" factor. Keeping your home clean and well maintained is also a great idea.
7. Improve your home’s energy efficiency-
A home inspector will note if your home lacks solid insulation or has drafty doors and windows. All of this leads to higher energy use, which costs the homeowner. You can start with small updates, such as adding extra insulation to your attic. Seal cracks around doors, windows, light switches and electrical sockets to prevent energy losses. Drafty, single pane windows may turn off potential buyers. Installing Energy Star-rated windows can help save money on heating and cooling costs. Since buyers expect windows to be in good condition before they buy, replacing them might not significantly add to your asking price. But not replacing them could decrease it.
Looking for a contractor to help with these projects? Mills Roofing can help! Give us a call today to schedule your free consultation!