Six Home Renovations that Increase Your Property Value

Whether you’ve recently purchased a home or have lived in your current residence for years, you should know which renovations and upgrades can help increase your property value. After all, your home is an important asset. If you overlook its maintenance and upkeep, you could be at a disadvantage when it’s time to sell and might also risk your safety and well-being.

Unfortunately, only some homeowners realize the importance of caring for their property. Recent reports show that 20% of American households do not invest in renovations or maintenance of their homes. As such, they continue living in an aging house. Poor functionality, high energy costs, frequent repairs, and degraded aesthetics are some of the issues they face. Besides these drawbacks, the zero value upside is a major disadvantage for homeowners who neglect property maintenance and upgrades.

However, you don’t have to adjust to a home in disrepair. Thankfully, you can perform various affordable renovations to increase the value and livability of your property. Some may be simple improvements that take just a few days to complete, whereas others may be more complex and extensive projects that require temporary relocation. If you’re considering the latter upgrades, hire a professional, local residential moving companyto ensure a safe and reliable relocation. These experts can help you pack, transport, and unpack without damaging your belongings.

Now that you know how to handle your move before renovation, let’s look at the renovations you can perform to add value to your property.

1. Kitchen Renovation 

Your kitchen is undoubtedly the most important area of your home. It’s not only a place to cook delicious food and store appliances, but it’s also where you spend quality time with your family and friends. 

If the kitchen looks outdated, it might be time to invest in some renovations. A few minor upgrades you can do include refinishing cabinets, replacing hardware, and replacing the countertop. You can also opt for extensive upgrades like changing the layout to make more space for storage and appliances. Installing backsplash tiles is also a great way to add more personality and value to your kitchen.

However, since water splashes and cooking mishaps are common in the kitchen, ensure you use durable and easy-to-clean materials.    

2. Energy Efficiency Upgrades

Are you tired of unbearably high electricity bills because no matter how little you consume, the charges still don’t decrease? Or are you concerned about the environmental impact of your home? If this sounds familiar, consider energy efficiency upgrades.

So, replace your old windows with newer, Energy Star-certified models. Switching to solar energy, installing LED lights, and insulating walls can help you save money while boosting your home’s value.

3. Add an Extension

An additional living space is like gold for the house. You can use the extra space as an office, a guest bedroom, or even a separate living area. Or, you can transform it into an entertainment room with a bar, pool table, or even a home theater.

Besides the interior extension, you can also add an outdoor extension. Consider adding a deck, patio, or outdoor kitchen. If you have a yard, a compact garden or a swimming pool are also great extensions to increase your property value. 

However, get permits and other legal requirements sorted before adding an extension to your home. Because without proper paperwork, you might need to demolish the extension and pay heavy fines.

4. Replace the Flooring 

If there’s one thing that instantly takes a room from dull to delightful, it’s the flooring. After all, it’s the largest surface area in the room and probably the first thing visitors notice when they walk in. 

So, consider replacing the old flooring with something more stylish and modern when renovating your home. It could be wood flooring, laminate, vinyl, or tile. These will give your space a modern makeover and add value to your property.

If you’re not a flooring fan, you can install carpets or use area rugs to spruce up the look of a room. Choose rugs that coordinate with the color scheme and complement your existing furniture. Also, consider the material and size of the rug before buying it.

5. Change the Color

If it’s been quite some time since you last changed your wall colors, a new coat of paint will do wonders for the entire property. 

You can paint the whole house in one color or choose different colors for each room. However, pick tones from the same color family since they’ll work well together. 

For exterior paint, choose colors that boost curbside appeal and accentuate the architectural features of your property. You can also paint the front door in a different color than the exterior walls to highlight it.

6. Repair or Replace the Roof 

Roof is the first line of defense for your home against the elements. But since it’s out of sight, many homeowners forget to maintain it. It is one of the biggest mistakes, as a damaged or leaky roof can cause costly problems and depreciate the value of your property.

Therefore, perform regular roof inspections to identify any damage. It includes checking for missing or broken shingles, wobbly flashing, and other signs of wear and tear. If the damage is too much and replacing it is more cost-effective, hire professional roofers to get the job done. 

Gutter maintenance is another important aspect of roof care. Clean the clogged gutters and replace broken or damaged parts to ensure optimal functionality.

Conclusion:

Your home is more than just an asset. It’s the space that keeps you safe, connects you with the people you love, and helps you improve your lifestyle. But you need to ensure regular maintenance and upkeep. So, if you’re planning to renovate your property, prioritize kitchen remodeling, energy efficiency upgrades, and floor replacement. Likewise, invest in roof care and perform upgrades such as interior and exterior paint jobs. You can also build an extension and watch your property value soar.

No matter which renovations you undertake, plan every step of the project and set a realistic budget. If you temporarily need to relocate while the work is underway, arrange a safe and comfortable place to stay and work with professional movers to transport your belongings safely.

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