16 Mar Home Remodeling Ideas To Increase Property Value
When it comes to home renovations, not all remodeling ideas are equal.
Depending on what you do, the money that you put in cannot always be recouped when it comes time to sell. Most people want to get the best value for their dollar when doing home renovations and there are some important things to keep in mind. One way to help keep the remodeling costs low is to buy affordable new and used, home improvement products. Before you decide on a remodel, consider the cost versus the value, and decide if the remodel you want to do is a worthy investment. Ultimately, you want to improve your home and then when it comes time to sell, you can command a higher price.
Whether you’re thinking of selling in the next six months or a few years down the road, remodeling with return on investment (ROI) in mind is a smart move. Your home is a huge financial investment, and any money you put toward it should not only increase your enjoyment of the home now but also add value that you’ll recoup when you sell.
Start with the basics
Basic updates add the most value to your home. Buyers want a healthy, solid, safe home, and they look carefully for signs of routine maintenance. Small repairs and maintenance show buyers that you’ve taken good care of the home. These small efforts can make a big difference when it comes to how long it takes to sell your home and how much it sells for. And it can streamline the negotiation process since your buyer won’t have to request repairs as a result of their inspection. Consider tackling these projects before taking on bigger improvements:
- Remove peeling wallpaper and repaint.
- Replace broken mechanicals, like your HVAC system or appliances.
- Take care of weeds and overgrown landscaping.
- Repair broken or leaky plumbing.
- Replace cracked tile.
Beyond the basics
So which home improvement projects should you invest in beyond routine maintenance? Below are some helpful tips for home improvement projects that increase the value of your home:
- Make it more attractive – Curb appeal, landscaping, minor kitchen and bathroom renovations can have a big impact on buyers and recoup much of the cost.
- Make it more efficient – Energy conservation features can have a significant impact on home value, depending on what area of the country you’re in, so consider double-paned windows, enhanced attic insulation, LED lighting and efficient appliances as a way to increase home value and entice energy-conscious buyers.
- Make it smarter – Safety-enhancing gadgets top the list of “smart” technologies buyers want in their new homes, according to a 2018 survey by Coldwell Banker. These safe and smart devices include thermostats, fire detectors, carbon monoxide detectors, security cameras, door locks and lighting.
- Make it lower maintenance – Improvements that make things easy to clean and maintain may also increase home value. Since many home buyers worry about buying a home that will need constant maintenance, replacing a major component before putting it up for sale—like the furnace, water heater or even the roof—may calm fears of an emergency repair in the near future and help get you a higher price.
- Make it bigger – Square footage has a huge impact on value and more space can command higher prices, but that doesn’t have to mean adding rooms. Finishing a basement or building a deck can create additional living space.
You don’t have to spend a lot of money to make your home more appealing to buyers. Consider using affordable new and used home improvement products that not only help with your projects, but also help support the less fortunate of Cumberland County while promoting sustainability of our environment.