Sunday, January 1, 2023 / by Lance Kelehan
As a realtor, I often get asked by homeowners how they can increase the value of their home. Home improvement projects can be a great way to not only improve the livability of your home, but also increase its resale value. Here are some suggestions and ideas for home improvement projects that can increase the value of your property:
Remodeling the kitchen: The kitchen is often the heart of the home, and a well-designed, updated kitchen can make a big difference in the value of your home. Consider updating countertops, cabinets, and appliances to make the space more functional and appealing.
Adding energy-efficient upgrades: Energy-efficient upgrades, such as installing a new HVAC system, adding insulation, or replacing windows, can not only reduce your monthly utility bills but can also add value to your home. Potential buyers are often attracted to energy-efficient homes because they offer long-term savings on energy costs.
Upgrading bathrooms: Similar to the kitchen, upgrading bathrooms can also significantly increase the value of your home. Consider updating fixtures, adding a new vanity or sink, or installing a new shower or bathtub.
Adding square footage: Adding additional square footage to your home, such as a bonus room or a new bedroom, can increase the value of your property. If you have unused space in your home, consider finishing it to add more living space.
Enhancing curb appeal: The first impression of your home is often the most important, and enhancing your home's curb appeal can add value and make your home more attractive to potential buyers. Consider adding landscaping, updating your front door, or giving your home a fresh coat of paint.
Creating an outdoor living space: Many homeowners today are looking for outdoor living spaces, such as a patio or deck, to enjoy the outdoors. Creating an outdoor living space can add value to your home and increase its appeal to potential buyers.
These are just a few ideas for home improvement projects that can increase the value of your home. Remember, it's important to carefully consider your budget and to choose projects that will provide the best return on investment. As always, it's important to consult with a real estate professional before making any major home improvement decisions.