Home improvement is a common pastime and a way to beautify your house. It also can help increase resale value. However, not all home improvements add value and some may actually decrease your property’s value. Before starting a new project, it is important to know which ones are the most effective for resale purposes and which will turn buyers away.
Some home renovations are sure to increase a home’s value, such as an extra bathroom or a kitchen that is updated with stainless steel appliances and granite countertops. Other projects may be more difficult to determine their resale value, such as a swimming pool or a two-story deck. It is wise to speak with a real estate agent about potential home improvements before you decide to do them.
A new front door and fresh paint are a few inexpensive ways to improve the look of your home. You could also spruce up your exterior by pruning shrubbery and surrounding it with mulch. A fresh coat of paint on your garage doors or sheds is another cheap, simple and quick way to update the look of your home.
Adding crown molding to rooms is an expensive but effective home improvement, especially if you pair it with baseboards. This is one of the most popular home improvement projects with a return on investment of about 70 percent, according to the contractor search service and house renovation website Angi.
Replacing your windows is a good home improvement that can boost the energy efficiency of your house, which will be appreciated by potential buyers. The cost of the replacement windows varies but the ROI can be as high as 69 percent, according to Angi.
Creating a luxurious master suite or a media room is a big investment that can increase your home’s resale value. But make sure it is a feature that would appeal to a large number of people and not just your family. You may also want to consult with a real estate agent before undertaking a large-scale remodeling project.
Homeowners can improve their house’s value by making sure that the home is in good repair and by taking into account local housing trends and buyer preferences when choosing a project. It is also a good idea to work with contractors who are licensed and have good references, and to get all renovations done with proper permits by professionals. Doing so will ensure that the home is safe and complies with all building codes. This will protect homeowners from being sued if someone is injured during the renovation or, in rare cases, can result in the contractor losing their license.