When a home is renovated well, it becomes more enjoyable and increases its value in the long term. Homeowners should consider remodeling the house with ROI in mind to recoup the finances when they sell. Below is a list of the best home improvement projects that increase a home’s value.
Consider Asphalt Shingles When Renovating The Roof
Asphalt shingles have become popular recently since they are durable, economical, and fire-resistant. They are easy to install, affordable, and come in various styles and colors that make the home look great. According to a report from Zillow, replacing the roof with asphalt shingles yields a 68.2% return on investment (ROI) when reselling a home. Benefits of roof shingles include:
- Simple Installation: Asphalt shingles are the fastest and easiest roofing materials to install. Most roofing contractors take a day to install the whole new roof.
- Easy to Find a Qualified Roofing Contractor: Almost all roofing experts offer asphalt shingle installations. Installing asphalt shingles is more straightforward, which minimizes the installation costs.
- Affordability: Asphalt shingles are economical since they have an affordable price tag. However, the installation cost is dependent on the grade of roof shingles. They come with more extended warranties, and it is essential to search for different options to establish the one that matches personal needs and budget.
Remodel The Kitchen
Update the kitchen as many prospective clients look for modern, updated kitchens. Start small at first when considering kitchen remodeling. At least 64% of new homes use granite material for countertops, with only 14% using laminate countertops for the kitchen. Add recent cabinet hardware, replace kitchen faucets, and replace the old light fixtures with current energy-efficient options. Such minor updates help improve the overall outlook of the kitchen.
Improve Energy Efficiency
To minimize draught, check whether the home has solid insulation and seal cracks on windows and doors. It leads to a reduction in the utility bills, and a home inspector has to assess the condition of a home’s insulation before a purchase is made. Start small with updates, including sealing of cracks around windows, doors, light switches, and electrical sockets to minimize energy losses and the addition of extra insulation to the attic. Install energy star-rated windows to save cooling and heating costs since buyers always expect the windows to be in good shape.
Paint in a Neutral Palette
Neutral light colors increase the resale value as many buyers prefer to have a home with such features. It enables the home to look at its best in online listings and photos. Painting the house is the cheapest thing homeowners can do, yet it brings in a lot of value to the home. Consult an interior designer to guide you on the best colors to choose from when renovating a house for resale purposes.
Open up the Floor Plan
Although people require a dedicated space to do their work, open layouts are crucial for enjoying family time. Reports indicate that many clients prefer an open plan between the dining room and the kitchen. Consult a contractor to develop an open floor plan that allows sunlight into a space.
Boost the Bathrooms
Bathroom remodels help recoup a sizeable amount of investment. Since germs prefer moist surfaces such as bathroom sinks where they can live for up to three days or dry surfaces, including toys, where they can live for several hours, cleaning such spaces constantly is essential. According to the Cost vs. Value Report, brightening the room with paint, installing new fixtures, and re-grouting the bathroom can add value. Light fixtures and a new mirror can also transform the look of the bathroom.
Other options include.
- Replace vanity lights to have an updated look
- Reglaze the tub rather than replacing
- Upgrade the fixtures with spa ambiance in mind, including the installation of a rain shower head
Boost Curb Appeal
Enhancing a home’s curb appeal is intricate and straightforward since the first impressions count. Replace old front doors with newer versions to improve the home appearance instantly. Prune the surrounding bushes, trees, and shrubs for a finished look. Retouch the worn-out areas and scrub the home’s siding to remove dirt. Maintain a well-kept lawn and vegetation to boost the resale value.
Install Smart Features
Installation of security cameras, programmable thermostats, video bells, and a wireless home security system has a broad appeal to prospective home buyers. Intelligent thermostats help adjust the home’s energy consumption due to the ever-changing electricity and gas prices. They allow homeowners to turn on a furnace even before getting home.
Consider home renovation tactics that add convenience to the daily life of home dwellers. Hire a top-rated real estate professional to establish what is trending in the locality.