Do you know the difference between ordinary homeowners and wise property holders? All the smart homeowners know very well how to increase the value of their home with the help of right home improvement projects. The right home improvements not only make your home more comfortable but also add more value to your property. This is because when you choose the right projects, they can result in generating more profits when it comes the time to sell.
It doesn’t matter whether you plan to stay in your house for a long time or just a few years, home renovations is a smart way to add more value to your house. However, not all home improvement projects are created equally, especially when it comes to improving the resale value. This means if your purpose is to sell your house in the future for the best price, it’s necessary to know what home improvement projects can help you.
There are some home renovation and improvement projects which in no way increase the value of your property. On the other hand, if you undertake certain projects, they can add significant value to your home. So, let’s take a look at the right home improvement projects that add value to a home. Here are the best home renovation and improvement projects that deliver the highest return.
Adding Energy-Efficient Windows
If you add energy-efficient windows in your home, it can be beneficial for you, as well as your potential customers. Nowadays, everyone is looking for ways to save money on energy bills. By adding energy-efficient windows in the home you will save money and buyers will also take note of this advantage. By replacing the old, drafty single-pane windows with Energy Star-rated windows your home will also look attractive, in addition to increasing its overall value.
Often it’s believed that only exterior home improvements and renovations can give you the most value. However, in reality, interiors are equally important. You can simply add a deck and see the value of your home going up. This is because more and more people today look for outdoor living spaces. If you have an attractive deck and backyard, your house will be more appealing to prospective buyers when you decide to sell. Simply a 16-foot x 20-foot wood deck addition or whichever size suits your home is the best way to boost the resale value of your home.
Upgrade the Kitchen
Kitchen improvements don’t cost much but can significantly enhance the value of a resale property. The kitchen of a house is one of the most important factors in determining its value because buyers want an upgraded kitchen so that they don’t need to spend money on repairing it. By simply adding some energy-efficient, stainless steel appliances, installing new countertops, and even painting cabinets can be helpful.
Another valuable home improvement is bathroom remodeling that can turn your standard bathroom into an updated one. If a homeowner invests in tiles, bathroom fixtures, and lighting, it’s possible to get a return of 70.1 percent. You don’t need to spend a huge amount of money on a big remodel project, just simple modifications are sufficient to give you better returns.