Are you looking to increase the value of your home? Home improvements are a solid way to do just that. Home improvements add value to your home in a variety of ways.
Improving your home’s curb appeal and interior makes a good impression on potential buyers. The impression buyers have of your improved home may increase its resale value. An increase in home value translates to more money for you. But those improvements will come at a cost, so you’ll need to measure the return on investment (ROI) of any renovations you have done.
Whether you plan on selling soon or want to ensure your home is worth as much as possible, many home improvements add value. This blog post will explore the 5 best home improvements that increase home value.
The Best Home Improvements to Increase Value
A few key home improvements make a big difference in increasing your home value. Home improvements such as:
- Renovating space
- Adding more space to your house
- Making your garden stand out
- Making major home repairs
Homeowners can make a good first impression with these home renovations and improvements.
Renovating Space
Renovating space is one of the home improvement projects that may increase the value of your home.
Bathroom Remodel
Remodeling your bathroom is one of the most effective ways to increase your home’s value. Bathroom renovations range from minor cosmetic changes, such as changing fixtures and adding a backsplash, to replacing everything and spending $6,000 to $28,000 or more.
Bathroom remodel projects include a variety of upgrades, from simple changes to more complex renovations. Some examples of bathroom remodel projects include:
- Replacing countertops with more durable and stylish materials such as quartz, granite, or marble
- Installing energy-efficient fixtures such as LED lighting and low-flow toilets
- Upgrading faucets to modern designs that are both stylish and functional
- Adding new tile or flooring for a refreshed look
- Installing new cabinets and storage solutions
Minor bathroom remodeling projects have an average ROI rate of 70%, while more complex renovations have an average ROI of 60%.
Kitchen Remodel
The answer depends on the scope of the project and the materials used. A kitchen upgrade with new countertops and cabinets costs about $26,000.
A minor kitchen remodel typically includes:
- Replacing or refinishing cabinets
- Updating countertops and backsplashes
- Installing new appliances
- Adding or replacing flooring
- Incorporating new lighting fixtures
- Painting walls and ceilings
Minor kitchen remodeling projects have an average ROI of 87%, while high-end renovations have an average ROI of 80%.
Other Room Remodel
Renovating your rooms increases their value and makes them more comfortable.
Window Replacement:
Depending on the type of window you choose, the cost for a window replacement ranges from approximately $15,000 to $25,000 for new windows, including installation. Replacing your old windows with new ones add thousands of dollars to your home’s market value and provide energy and cost savings.
Fresh Coat of Paint in Neutral Colors:
The cost of painting a room depends on the size, the paint quality, and other factors such as labor costs. A fresh coat of paint in neutral colors is an easy way to update any living space or bedroom while also increasing its market value and enticing future buyers.
Adding More Space to Your House
Adding more space to your house significantly increases its value. According to the National Association of Realtors, every 1,000 square feet added to a home improves its sale price by at least $100,000.
Finish a basement. This conversion is an excellent way to add extra living space to your home without building an addition.
Convert an attic into a bedroom or office. On average, converting an attic gains around 300 square feet of usable space. This is enough room to create an additional bedroom, office, or playroom for the kids.
The advantages of converting an attic into a living space are numerous. It increases the value of your home, provides lots of natural light and tranquility, and creates functional space that would otherwise be wasted. It may cost less than building an addition or buying a new home.
Build a sunroom or screened porch. On average, a sunroom adds around 200 square feet to your home, which significantly increases its value. Sunrooms and screened porches provide additional living space that can be used for entertaining guests or as a relaxing retreat. They are well-insulated and help keep your home cool in the summer and warm in the winter, reducing your energy bills.
Finish the garage. Finishing your garage adds up to 400 square feet of usable storage space. It also increases the value of your property and provides you with additional options for how you use the area.
The most apparent advantage of converting a garage into a living space is providing extra room in your home. This could be a spare bedroom, office, or living area.
Add a second story to the existing house to add value and space. It’s a savvy way to increase your home’s square footage without building outwards. On average, adding a second story adds between 500-1000 square feet of living space, depending on the size and layout of the existing house.
Making Your Garden Stand Out
Making your garden stand out increases your home’s curb appeal.
There are many ways to make your garden stand out, such as using native plants, including bare walls and fences, adding variety, connecting points with a walkway, and adding outdoor seating. You can use floral front yards, exotic vines, garden stools, seating areas, vertical plant walls, and odd items such as plant pots, walkways, and bridges to create a unique look for your garden.
Pattern designs on your lawn or focal points draw attention to certain garden areas. You may add garden adornments for an extra special touch and to create a stunning outdoor space to impress potential buyers.
Landscaping
Landscaping is a great way to increase the value of your home. It creates an inviting atmosphere and makes your property stand out. Landscaping is an effective way to add value to your home.
Here are some types of landscaping projects that increase the value of your home:
- Planting trees: Trees provide shade, reduce energy costs, and add beauty to a home.
- Adding a patio or deck: Patios and balconies provide an outdoor living area for entertaining guests or relaxing in the sun.
- Installing a water feature: A fountain or pond is a beautiful addition to any yard.
- Building retaining walls: Retaining walls create usable space in sloped yards and provide structure and stability.
- Stone veneers: These accent stones are one of the most popular landscaping options, as they provide a natural look that adds beauty and elegance to any home.
Making Major Home Repairs
If you’re looking to increase the value of your home, there are a few major repairs you should consider:
- A garage door replacement adds to curb appeal and makes your home look more modern.
- Replacing the front door gives your house an updated look and feel.
- Making your home into a smart home is another excellent way to increase its value, as it adds convenience and security.
- Replacing vinyl siding with something more durable, like brick or stone, improves the overall look of your home.
- Refinishing or adding hardwood floors gives your house an updated look and feel.
- Replacing light fixtures brightens up any room in the house.
Conclusion
Home improvements increase the value of your home and attract prospective buyers. DIY and professionally contracted projects add thousands of dollars in resale value, from getting a new garage door to installing manufactured stone veneer to remodeling the kitchen or attic.
Painting is a relatively low-cost project that significantly affect your home’s value. Investing in home improvements is a smart way to increase your home’s value and get a good return on investment.
Selling your home can be stressful, especially considering the average cost and time. If you want to sell your home quickly and without the hassle of repairs, then selling to a cash home buyer is the way to go.
Cash home buyers in Texas are typically investors who are willing to buy your property as-is, meaning you don’t have to worry about making costly repairs or renovations before putting it on the market.
This saves you both time and money since you won’t have to spend time and resources preparing your house for sale. Cash buyers, like the ones you see advertising “We buy houses San Antonio,” offer competitive prices close to market value, so you don’t have to worry about sacrificing potential profits.
If you need to sell a house fast in Kirby, selling your home to a cash home buyer is an excellent option if you want a fast sale. You won’t have to deal with the hassle of real estate agents or wait for months while your house sits on the market; instead, you get a fair price for your property immediately.