Owning a home is more than a gracious experience because it involves financial decisions that can be rewarding as you build more equity and increase your home’s value. While factors like location and property market can influence the value of your home, you can increase the value by making strategic upgrades to increase its appeal and functionality.
Studies show that at least 70% of Americans completed a home improvement project in the last two years. Whether you want to grow the value of your investment or sell soon, there are several quick renovations that can boost your home’s value.
1. Fresh Coat of Paint
Repainting your home is one of the low-cost property improvements with the highest returns, making it a priority for 36% of home sellers. A fresh coat of neutral paint often gives your interior and exterior surfaces the desired facelift. House buyers also want to see a blank canvas when looking for a property.
However, it’s essential to consult a professional and get the perfect recommendation. Typically, the most suitable paint options depend on features like lighting, flooring, and cabinets. However, if you want to tackle the project yourself, a contemporary shade like gray can be a good choice. The right color can brighten your home, create a certain mood, and give your spaces a unique personality.
2. Upgrade the Flooring
Flooring repair or replacement is among the top home improvements that boost the functionality and value of your house. Wood and faux-wood flooring can be more expensive, but it’s preferable to carpet due to its durability. If you don’t have the budget for a new wooden floor, you can still install a quality carpet at a minimal cost. If you want a water-resistant floor, it’s important to look for options with a surface made from inorganic material.
Unless your hardwood floors need a complete overhaul, you can consider refinishing them to get a fresh look. Typically, refinishing hardwood floors is not expensive, but it can equally increase your property’s value. If you don’t want to spend much on hardwood flooring, you can go for engineered hardwood flooring, which looks like natural wood and can be quite durable.
3. Lighting Fixtures
Lighting is among the most essential but overlooked features in your home, although it illuminates your rooms. Besides serving a functional and practical purpose, lighting can significantly impact the appearance and value of your house.
Replacing the light fixtures in your home is a small investment you can make in a short time, but the value can be enormous. When considering options for pendants, chandeliers, and ceiling lighting, make sure the colors are consistent with your home’s current design. For instance, you can mix bronze and copper or chrome with bronze, but silver and gold tones don’t blend well. Most importantly, if you want to update your home to add value, choose modern lighting fixtures.
4. Upgrade the Bathroom
A good bathroom remodel can make your house more luxurious and increase your property’s value. A bathroom can show its age quickly, which can be a serious concern for homeowners and prospective buyers. Regrouting, updating the paint, and decluttering can go a long way in transforming your bathroom without spending too much.
If your bathroom has taken a significant beating over the years, you might want to consider a complete overhaul. Contemporary features like tile and stone flooring can be ideal.
5. Minor Kitchen Remodel
A kitchen is the heart of most homes since families spend most of their time in the kitchen. People are different, and their kitchen design preferences can vary. Regardless of your tastes, the kitchen should be practical, functional, and updated. Outdated kitchens can be a huge letdown, and whether you have scratched countertops, old cabinets, or leaking faucets, it’s time to address the issues. A well-executed kitchen upgrade can help you recover the costs of selling a house.
You have multiple options if you are afraid you might spend too much money on your kitchen remodel. You don’t have to do a complete overhaul of the kitchen, and it doesn’t have to be a major job. Sometimes, a minor remodel can transform your kitchen, and the cost can be relatively low.
You can start by adding a new coat of vibrant paint and refresh your old cabinets by installing new panels and door fronts. If you have old faulty appliances, replace them with modern energy-efficient ones, including a cooktop and a slide-in fridge. Most importantly, don’t forget to add a laminate countertop and a sink with modern faucets. The kitchen is a high-traffic zone, and you should install a floor that can withstand spills and prevent accidents.
Endnote
Home renovations and makeovers require serious planning to ensure the best results and maximum value. However, it can be daunting to prioritize the projects due to budget implications. It’s best to choose home upgrades that give you the most benefits and increase property value.
