3 Home Improvement Tips to Add Value to Your Home

Written by Posted On Friday, 23 June 2017 11:23
Home Improvement - How to boost your home's value? Home Improvement - How to boost your home's value?

 

Are you in a slumping real estate market? While many parts of the United States are currently in the middle of a real estate boom, not everyone is having an easy time selling their home. Some homeowners will have to bite the bullet and take the necessary steps to make home improvements to add value and appeal to their property.

If you’re in this boat and you’re looking to sell your home and get a decent price sooner rather than later, please take the following home improvement tips into consideration. If you implement these changes, you’ll add additional value to your home, make your property much more attractive, and entice buyers who previously wouldn’t have been interested in your property.

 

1. Give Your Kitchen a Complete Makeover

Kitchen Remodeling

You may not realize this, but the kitchen is the most important room in your house. Most people have a tendency to look at it as the heart of their home. So it’s important to have a more than presentable kitchen. It has to be welcoming, life-affirming, and a place where families can imagine gathering together during the joyful times in their lives.

The great thing about kitchen remodeling is it’s an investment that pays dividends over the long term. HGTV says your kitchen remodeling investment can easily be recouped by as much as 60% to 120%. But you could also end up losing money if you go too far overboard, so you have to hit the sweet spot somewhere right in the middle.

During your kitchen remodeling, remember that paint actually goes a long way to making a kitchen look beautiful once again. So pick up some fresh paint with modern colors and really update the look and feel of your current kitchen. This is a relatively inexpensive way to make it more welcoming and attractive to new potential homeowners.

Energy-efficient appliances are all the rage right now and rightfully so because they help homeowners cut down on their energy costs. So if you have old appliances, it’s time to get rid of those technological dinosaurs and buy Energy Star rated appliances. Not only will they help save money over the long term, they’re also good for the environment so they’re a win for everyone.

According to Plumbing Fix, energy-efficient appliances are an attractive option many homebuyers look for when shopping for a new house.

 

2. Add an Additional Bathroom to Your Home

Bathroom remodeling

This might seem like a major expense, but it will pay big dividends over the long run. With this investment, HGTV believes that homeowners will recoup 80% to 130% of their investment with a bathroom addition.

So, it’s possible you won’t make all your money back, but having this additional bathroom will attract many more potential homebuyers. So it’s definitely worth it to add a second bathroom if you only have one, or a third bathroom if two doesn’t seem to be enough.

According to RestorationElite, homebuyers are happy to pay extra for a newly added bathroom if the property needs it.

 

3. Add Energy Efficient Insulation

Sticking with the energy efficiency theme, to make your home more attractive and add additional value, you should think about adding energy-efficient insulation. This is a huge benefit to homeowners because they can save about $2,500 a year in energy costs after making a few minor changes.

If you’re selling your house, tell potential homebuyers that you recently updated your insulation and made it energy-efficient. Tell them about the cost savings and let them know they’ll have the cheapest energy bills on the block once they buy your home.

 

Conclusion

Please use these three home improvement tips to add value to your home.

 

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AJ Philips

AJ is a passionate writer who likes to share what he's learned for the day - and he learns something new every single one. His expertise in the real estate comes from both personal and professional experience, and AJ is happy to break down the complexity of the real estate world for everyone.

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