Whether you plan to stay in your home for years to come or are preparing to list it on the market, it’s smart to add value to your home. Major and minor home improvement projects make the home worth more, and you can recoup the majority of the money you spent on the project when you sell. Here are 6 projects that positively impact the home’s value.
Add a Deck
Outdoor living space matters for a house’s appraisal. Decks are desirable for homeowners because they will spend a lot of time there when the weather is nice. Adding a deck is a great way to increase the square footage of living space without the cost of a whole indoor addition. If you have a deck that is rotting and unsafe, replacing it will also help the home’s value and prevent a negative impression for buyers.
Replace Old Windows to Add Value to Your Home
Old windows can be unsightly and drafty, deterring potential buyers. It is annoying when they stick and are difficult to open and close. If your windows are not up to par, replace them. This project will not only add value by boosting curb appeal, but you’ll be able to save money on energy bills if you purchase Energy Star-certified windows. Even if you aren’t selling your home, the savings will eventually pay for the renovation.
The kitchen is an important room when it comes to home value. Redoing the whole kitchen will cost tens of thousands of dollars, so you’ll get a better return on investment if you focus only on the areas that need it the most. Pinpoint the drawbacks of your kitchen and choose one or two areas to update. Some options are appliances, countertops, cabinets, floors, and light fixtures.
While the yard usually needs ongoing maintenance, one professional landscaping installation can work wonders for reducing required maintenance and improving curb appeal. Planting ground cover perennials and drought-resistant plants will make the yard more desirable to a potential homebuyer because they won’t have to maintain it as often.
The roof is critical to the condition of the whole home because it protects everything underneath from the elements. If the roof is nearing the end of its lifespan, replacing it will protect your home’s value. Anyone purchasing a home will care about the age and condition of the roof, and will likely request a replacement if the roof is failing.
Add New Siding to Add Value to Your Home
Siding is arguably the most important element of the home’s exterior appearance. Certain types of siding need to be replaced more often than others. Sometimes, pressure washing siding can make it look as good as new. If your siding has seen better days, replace it to add value to your home.