10 Home Improvement Projects That Will Add Value to Your Home
Home improvements projects can add great value to your home, whether you’re planning on selling or simply want a nicer living environment. They’re relatively straightforward and straightforward enough for even novice DIY-ers to tackle on their own.
Renovating your kitchen or bathroom may provide the greatest return on investment, but there are other strategies for increasing its value.
1. Upgrade Your Flooring
Homebuyers value properties with hardwood floors. Adding contemporary, stylish flooring can increase the value of your home.
Overhauling surfaces underfoot and overhead was among the top home improvement projects of 2017. Updating your flooring, ceiling or walls will immediately make your house more livable while making it appear newer.
When it comes to increasing your home value, choosing upgrades wisely is of utmost importance. A luxury entertainment upgrade may not appeal to all future homebuyers and could even turn them off from your house altogether.
2. Add a Master Suite
If you want to increase the value of your home, adding a master suite may be the way. While this project can be costly, it also adds considerable worth.
Your tastes will dictate which luxury features are included, including fireplaces, spa-inspired showers and heated flooring systems.
Choose between adding a first-floor addition or second-story addition. Both require a foundation and may impact yard space; first-floor additions tend to be less disruptive to daily routine.
3. Add a Fence
An attractive fence can add value and privacy to your home. It creates an intimate setting, reduces noise from outside sources and improves curb appeal while adding privacy for you and your neighbors. Plus, fencing makes your yard safer for children and pets roaming about freely!
However, in order to maximize its value and the look of your house, a fence needs to be well maintained and complement the style. A quaint cottage doesn’t do well with a Victorian picket fence as an example!
4. Add a Deck
Building a deck on your home will boost its curb appeal, drawing more eyes onto it and potentially increasing attendance at open houses.
As long as it’s done in an attractive manner, a deck should add value to your home. Not only can it serve as a gathering spot for parties and family reunions, but also provide a peaceful place for relaxing outside. Furthermore, its low maintenance needs make it a smart investment for homeowners considering selling their properties in the future.
5. Add a Patio
Patios can add substantial value to your home. Families can gather on them to relax and take in the fresh air, adding both value and curb appeal to your property.
A patio is an outdoor living space designed for multiple uses that can be enclosed for additional weather protection, more cost-effective than adding an enclosed porch or sunroom onto your house.
6. Add a Garage
Some home improvements may actually decrease resale value, such as installing marble floors in your bathroom. Instead, prioritize upgrades that appeal to a broad spectrum of buyers while increasing functionality in your home.
Addition of a garage can add valuable storage area for tools, lawn equipment and snow removal gear as well as space for hobbies or passion projects – an investment worthwhile for homeowners with insufficient storage capacity.
7. Add a Deck
Installing a deck can add tremendous value and provide a relaxing space outside your home for relaxation and entertainment. Plus, adding one increases curb appeal and adds to your living area!
Before undertaking any home improvement projects, always consider their effect on resale value before embarking on them. Some projects may only fit your tastes or lifestyle preferences and won’t add resale value – for instance a recording studio may deter potential buyers. Make sure there is sufficient space available by renting self storage!
8. Add a Fence
An attractive fence can add value and improve privacy to any home while creating boundaries between neighboring properties and creating boundaries themselves. But be mindful that building such a barrier might obstruct views or access routes for neighbors who live nearby.
An impressive bathroom may sound like the ideal way to increase the value of your home, but major kitchen and basement remodels typically don’t pay off when it’s time to sell. On the other hand, smaller projects like painting or replacing gutters are much more likely to add value than major remodels.
9. Add a Deck
An addition of a deck can provide extra living space while yielding high returns on investment, not to mention increasing curb appeal of your home.
Some home improvement projects don’t return your investment, such as luxury entertainment upgrades. But updating bathrooms could increase its ROI significantly.
Do not embark upon an entire kitchen remodel; rather consider refreshing just your cabinetry. Installing crown molding adds classy charm while installing manufactured stone veneer can increase home value while costing an average of $8 per square foot – both options offer cost-effective upgrades that could increase home equity.
10. Add a Garage
Home buyers typically value garages as attractive features of any new home they purchase. A garage provides storage space and keeps vehicles out of harm’s way during periods of inclement weather like snowfall, rainfall or high heat.
A bump-out is a straightforward garage expansion project that creates more storage or room for another vehicle, ideal for DIY enthusiasts on a tight budget.
Be mindful that not all home improvements will offer equal returns on investment. In particular, upgrades that are solely aesthetic or uncommon in your neighborhood should be avoided as these may yield lower returns than others.