Your home is your sanctuary, but it’s also an investment. Any changes you make to your home potentially affect the value, but not all changes increase the value. You must know the market in your area before you embark upon any remodel project. If you want to add value to your home, check out the comparisons and see what might help and what might hurt. It’s possible to over-do it, but it’s also possible to make changes that turn a hefty profit. Some of the most profitable upgrades almost everywhere include the following.
Kitchen and Bath Upgrades
Provided you don’t spend too much or go too grand, you can add value to your home by updating the bathrooms and kitchen. It’s important to make sure your upgrades are in alignment with other homes of comparable value. You don’t want the best house in the neighborhood because you won’t get your money back. However, adding granite countertops, upgraded cabinets, and a backsplash can improve the look of any kitchen or bath as well as improve your home’s value.
One of the biggest trends in real estate is outdoor living. From patios to wooden sheds that add a decorative touch for storage, improving the backyard is profitable for most homeowners. Some of the most popular outdoor living features include outdoor kitchen areas, bar areas, seating areas, and firepits. A storage shed, or an oversize garage addition can add value, too. Few people walk into a home and complain it has too much storage space or the backyard is too inviting.
If you want to make a quick and simple improvement to your home, start on the lawn. Landscaping is relatively inexpensive depending on what you want to do. You can pressure wash the house and walkway, cut the grass, add mulch to flower beds, and even pain the front door. Each of these small touches adds a certain amount of appeal the exterior of a home. It’s the first thing people see when they visit, and it should leave a positive impression.
Small Details Pay Off
Sometimes it’s the smallest changes that make the most impact in your home. Try updating your light fixtures and faucets. New knobs and pulls on cabinets and doors also make an impact. Don’t let the idea that only major renovations add value to your home take over. You can start small and work your way up to add value to your home.
If you aren’t sure if something adds value, call a real estate agent. They can tell you what buyer what, what’s selling, and what their clients are asking for when they’re shopping for a new home. It’s the simplest way to ensure you’re not upgrading the wrong rooms or items. Buyers want what they want, and you can get a competitive edge on other sellers if you think to ask what they want and how they’re shopping.