The kitchen and bathroom aren’t the only rooms that add value to your home. If you’re looking to boost the value of your home, we’ve rounded up some easy ways that may surprise you. Most importantly, we’ll dive into how to add value to your home without overspending.
From windows to decks, we’ve rounded up projects with the best return on investment. Whether you’re selling your home or just looking to make some improvements, think of this as your go-to guide to adding value.
Boost the Energy Efficiency
Older homes aren’t always the most energy-efficient. Potential buyers may see old windows and doors as money pits. To boost the energy efficiency and the value of your home, get double glazed windows.
New double-glazed windows will look beautiful and save you thousands over time on heating and cooling costs. Toilets and high-efficiency washing machines are also inexpensive updates that conserve water and money.
Update Appliances and Make Small Kitchen Renovations
If renovating the entire kitchen isn’t in the budget, there are a few small updates you can do to boost the value of your home. Your appliances are a great place to start. They won’t cost as much as gutting a kitchen, but they will have a big impact on the look and function of your home.
Look into refacing, staining, or painting your kitchen cabinets as well. New hardware is also inexpensive to change. A new kitchen counter or island will also add value without over-improving.
Spending $100,000 on a luxury kitchen, for example, won’t give you a great return. In some markets, you can spend a lot more than you’ll get back. Keep that in mind so you don’t overspend in too many places if your goal is to recoup what you’ve spent.
Adding Value to Your Home Through Curb Appeal
The front of your home is the first thing people see. Whether it’s your guests, family, friends, or potential buyers, you want to make a good impression. Curb appeal improvements don’t need to cost a lot either.
Consider adding a new front door and cleaning up your landscaping. Fresh mulch, flowers, and a new entry door will go a long way to make your house look updated.
Outdoor Improvements Increase the Value of Your Home
Outdoor improvements will give you a great return on your investment. A new deck, for example, will give you a 70% return on your investment.
Adding a deck adds tons of extra living space to your home. It’s a great place to entertain, eat dinner, or relax with a good book. Potential buyers will love the additional space a deck provides.
Garages also add value to your home. Replacing a garage door or refinishing a floor with an epoxy covering will give you a great return. A new garage door also shows home buyers you’ve taken care of the upkeep and maintenance in your garage.
How to Add Value to Your Home
Knowing how to add value to your home starts with your end goal. Think about whether you’re renovating to sell a home, flip it, or if you plan on living there for decades. From there you can evaluate which renovation will be the most cost-effective.
Just because kitchens sell houses, for example, doesn’t mean there aren’t other home updates with a better return. For more home and real estate tips, check out the blog section.
