5 Major Home Upgrades That Improve Its Value

Posted On Saturday, 23 January 2021 21:31

A house is expensive, but people are still spending their hard-earned money on buying properties because these increase in value over time. The value of real estate properties increases over the years because of the supply and demand in the market, fiscal inflation, and population growth. 

Buying a house today and living in it or turning it into a rental property will guarantee profits in the future, but do you know that are certain upgrades that can improve its value? Making your home more appealing and functional increases its value, allowing you to earn more from your investment.  

Here are five major upgrades that can improve the value of your home: 

1. Redo The Roof 

The roof is one of the most important elements of any home because it significantly affects the aesthetics of the property and the people living in it. Your home will be useless if its roof has holes as this can only cause accidents and encourage burglars to break in. 

Redoing your roof is one major upgrade that can increase the value of your home. This works because whenever you hire professionals like Top Glaze to have your roof replaced, you’ll be able to cut cooling costs and improve the resale value and curb appeal of your property.  

As stated in Remodeling Magazine's Cost vs. Value Report, a brand-new roof can increase the value of your home by up to $12,000. This is just one of the reasons why installing a new roof offers a better ROI (Return on Investment) compared to a master suite addition.  

2. Remodel The Kitchen 

It’ll be challenging for anyone to live in a house that doesn't have a functional kitchen. How can the household stay healthy if there's no kitchen? Do you think you can cook meals with ease if your home doesn’t have one? 

A lot of people think of their kitchens as the heart of the house, which is why upgrading this space will eventually pay off. As long as you don't go overboard, you can expect to regain at least 53% of your investment on a kitchen remodeling project.  

You can do a lot of things to upgrade your kitchen. You can start by investing in energy-efficient appliances, installing stone countertops, buying new cabinets, and choosing new flooring. Adding another sink and installing a kitchen island can also boost your home's value.  

3. Spiff Up Your Driveway 

How your home looks from the outside can create an impression—and if it looks unkempt, passersby will likely think that your home isn't well-maintained. If you don’t want this to happen, pay attention to the exteriors of your home and spend resources on improving them.  

Spiffing up your driveway by repairing or re-leveling any wobbly bricks can do wonders in increasing your home value. Removing weeds that are growing in between the cracks will also improve how your driveway looks and, eventually, the appearance of your home.  

4. Replace Your Garage Door 

Having a garage will make your home different, but continually using one with damaged or malfunctioning garage doors can become the reason why your property will lose its value. A garage takes up a lot of space, and this amenity will be useless if its doors don't close properly or work on command.  

Another major upgrade that can improve the value of your home is replacing your garage door with a newer model. This upgrade is known to yield at least 98% of your recouped costs.  

Investing in a brand-new garage door will make your home more valuable because newer door models are usually made with durable materials, such as aluminum and steel. Newer models of garage doors are also more functional as they offer energy-saving insulation and glazing. 

5. Work On Your Bathroom 

It’s common for people to start and end their day in the bathroom, which is why you should also spend time and money on improving how it looks and functions. You don’t want to leave their house in a bad mood because the bathroom doesn't have the amenities that you need or want, right? 

Remodeling your bathroom is another home upgrade that can improve the value of your home. Doing some projects in your own bathrooms, such as updating the tiles, lighting, or fixtures, will allow you to get a return of about 54% of your total costs.  

Work With Professionals 

Aside from knowing what home upgrades to invest in, it’s also vital to know who to hire to accomplish the projects you want for your home. Major home upgrades require specific skills and tools, and attempting to do these with DIY solutions can lead to stress and expenses.  

Fortunately, you can prevent these problems from happening once you choose to work with experienced contractors. Hiring them will give you peace of mind knowing that the vision you have for your home will soon become a reality.  

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