Experts say that selling a home might be challenging in the coming year. If you plan on selling sometime in the near future, you need to make your home as appealing as possible. How will you increase your home's value to attract buyers?
Whether you're selling next year or in the next ten years, there are a few upgrades that will always be worthwhile. We're here to talk about them. Read on to learn a few of our favorite home renovation ideas that add value to your home.
1. A Fresh Coat of Wall Paint
This is a small and affordable project that pays off big time. If you're trying to increase the value of your home on a budget, adding a fresh coat of paint to your walls is the way to do it.
Many home renovation ideas are expensive and difficult to do on your own. When you start adding in the costs of materials and having professionals come to do the projects for you, the return on investment isn't as appealing.
Almost anyone can add a fresh coat of paint to a wall, and even if you choose to hire a pro, it's still an affordable option.
If you're trying to sell your home, opt for colors that buyers tend to like. If you plan on staying a while longer, get more creative. Many people think that you'll never be able to sell a house with unique paint on the walls, but this isn't true.
You'll be shocked at how much nicer your home looks with a fresh and clean coat of paint, even if you make no other updates.
2. Refreshing Cabinets and Drawers
Let's face it: a kitchen remodel is a selling point, but as far as the return on investment goes, it's not your best option. If you're upgrading your home for yourself, a full kitchen model is worthwhile. If not, make a smaller change that will be way more profitable.
Refresh kitchen cabinets and drawers for a quick, easy, and effective home upgrade.
Re-painting old cabinet doors and drawers is a great way to give them new life on a budget. You can completely change the aesthetic of the kitchen with a fresh coat of paint.
Finish the job by swapping out your old cabinet doorknobs and drawer handles with new and improved ones.
3. Finishing the Basement
This is a larger project, but it adds huge value to your home. If you have an unfinished basement, it's time to transform it into a usable space. Depending on the size and layout of your basement, and how much money you're able to invest in the project, this can make a big impact.
Refinishing the basement can add an entire bedroom or living space to your home. Some people even choose to refinish the basement as a new apartment (though this will depend on how the plumbing is set up in your home).
Even if you just finish the floors and walls, making the basement look like a real room will significantly increase the value of your home.
4. Minor Bathroom Remodel
Major bathroom remodels are nice, but they're rarely worth the amount of money you put into them. Minor remodels can make a large enough impact for a lower price.
Instead of replacing plumbing fixtures, think about smaller things you can do. Re-caulk the bathtub. Add a nice new showerhead, like a rain showerhead.
You can upgrade the cabinets and drawers and add a tile backsplash or even re-tile the floors (though this is a more expensive upgrade).
Adding a fresh new mirror can also make a big impact for a relatively low cost.
Don't forget the exterior of your home! You'd be surprised at how big of an impact landscaping can have on your home's value.
Landscaping improves your curb appeal. If you're trying to sell, that means that your home is going to stand out more at first glance. Good curb appeal is what gets people interested in your home before they even know what's inside.
You don't need an artificial green lawn or perfectly arranged hardscaping features. If your front yard is weed-free, tidy, and decorated with flowers, people will notice.
6. Minor Patio Remodel
Do you have a perfect backyard for entertaining? A minor patio remodel will increase the value of your home and give you a great place to hang out.
Start by power-washing the patio itself. Often, even cleaning it makes a huge difference in its overall appearance.
Add some new lighting to your patio. Even the addition of some overhead string lights and a fire pit will make an impact.
Create an outdoor seating area. Even if you're selling your home, showing that you can use the patio as an outdoor living space will inspire potential buyers and show them the true value of what they're buying. The addition of a small dining area and a few outdoor-friendly couches or benches will transform your patio space.
Adding a pergola or other type of overhang that will somewhat protect the patio from the elements is a great final touch.
7. Energy-Efficient Upgrades
Energy efficiency and overall "green living" is in and it's more than just a home trend. Any energy-efficient upgrade can increase home value.
Some of them are more beneficial than others. For example, upgrading your windows to energy-efficient alternatives will increase the value of your home, but often not enough to offset the cost if you're planning on selling right away.
If you're not planning on selling right away, they can be worthwhile because of the reduced energy bills.
Swap out your old dishwasher for an efficient one. Trade your old oven in for a new one. Even one energy-efficient upgrade will help.
These Home Renovation Ideas Can Add Serious Value
If you want to add value to your home, try one (or several) of these home renovation ideas. Whether you want a super affordable renovation with a quick coat of paint, or you're willing to shell out more money to finish an entire basement, there's at least one renovation idea that's perfect for you and your budget!
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