Increase Property Value with These 5 Renovation Projects
As a homeowner, you probably want to do whatever you can to make your home a source of pride. You paid a lot of money for it, after all! Renovation projects are a great way to breathe new life into your home while also increasing its value. That’s especially good to hear if you’re thinking about putting your house on the market.
There are a lot of upgrades you can do, but according to top agent insights, these 5 renovation projects are a great start.
1. Kitchen renovations
The kitchen is the heart of the home and it’s one of the rooms that buyers focus on when touring a house. Kitchen upgrades can make the space function better, as well as a nicer place to spend your time, thanks to the improved aesthetics. The most common upgrades people opt for include:
- New countertops
- Updated appliances
- New light fixtures
- High-end cabinetry
- Central island
- Etc.
2. Replacing vinyl siding
One of the problems homeowners face is that as the vinyl siding ages, it can crack, fade, and look dated. When the vinyl siding looks bad, your entire home will look outdated and in disrepair. That’s not a good look if you’re trying to enhance your home’s fall curb appeal! When you replace the vinyl siding, your home will look 100 times better! Plus, you can use insulated vinyl siding (especially if you have an older home) to make your home more energy efficient. It’s a win-win because the house looks great and you’ll save money on your energy bill.
3. Energy efficient windows and doors
Homeowners can also save on their electric bill and improve the look of their home by replacing old windows and doors with energy efficient ones. These products should have an EnergyStar sticker on them as well as a National Fenestration Rating Council (NFRC) rating. Ideally, you’ll want to choose windows that have a low U-factor (the rating in which non-solar heat flows through the window) and feature double pane glass, with gas in between the glass.
4. Replacing garage doors
Much like replacing the vinyl siding, when you replace the garage door, you’re altering the overall appearance of your home. There are a bunch of styles and colors to choose from, so you’ll want to take into consideration what your home’s style and color is.
Another good reason you might want to replace the garage door is to save energy (energy efficiency is a big drawing point for buyers). We recommend installing a triple-layer door that uses polyurethane insulation, as it provides the most energy efficiency.
5. Professional landscaping
New siding, new windows, doors, and garage doors can work wonders for improving your home’s curb appeal, but it’s not going to do much good if the landscaping has seen better days. You could do the work to improve your landscaping on your own, but there’s something to be said about hiring a professional landscaper to work their magic. A professional knows what grass, flowers, and trees will grow in your yard. They know how to trim hedges and trees so they grow fuller and healthier. They can create retaining walls, patios and walkways. They can install sprinkler systems and even draw up a yard maintenance plan so you can maintain your upgraded landscaping!
Home renovations add value and appeal!
Homeownership isn’t easy and it takes a lot of work to maintain its value. When you’re thinking about reselling it, it’s only natural that you want to get as much as you can for the property. So when you make any home improvements (be they from this list or not), you can get an idea of how much value they add by using a net proceeds calculator to see how much profit you could make if you were to sell. Of course, a realtor can also give you an estimate as well.
