A home is one of the largest investments that most people make in their lifetime. Because it’s an asset that grows in value and it’s where you and your family spend most of your time, it makes sense to invest in your home’s upkeep. Whether you are hoping to get the best price for an upcoming home sale or just want to improve your living spaces, home renovations are the way to go. However, many homeowners are surprised to learn that cosmetic upgrades don’t always increase your home’s value. That’s why it’s important to research which home projects provide the best ROI.
Improve Curb Appeal
Most experts put outdoor upgrades at the top of the list of home improvement projects as a visitor’s first impression is lasting. Painting the exterior, repairing fences, and planting flowers all help improve your home’s curb appeal.
Updating Your Kitchen to Increase Your Home’s Value
Kitchens have been called “the new family room” and families are using them as a place to not only cook but also to gather. An outdated, dysfunctional kitchen is a turnoff to potential buyers. Renovating your kitchen by improving its appearance, adding storage, or updating appliances is one of the top ways to increase your home’s value.
Increase Your Home’s Value by Refinishing Your Basement
For homes with basements, a remodel is another great improvement project. Finishing a basement doesn’t have to break the bank. Updating your basement is one of the ways to add livable space to your home’s floorplan. In most areas, housing prices are based on a price per square foot, and a finished or partially-finished basement will add square footage that increases value.
Additional Exterior Home Improvements
A professionally-built deck is another worthwhile home addition, as families aim to spend more time outdoors. A deck offers a place to relax, dine outdoors, and entertain guests.
Install a New Front Door
One of the best investments you can make is a new steel front door. This adds to the visual appeal of the entryway and provides improved energy efficiency and security features.
You can increase your home’s value with a range of improvements and projects. You will make your home more appealing with more functional and comfortable living spaces.