Seven Home Improvements That Will Increase the Value of Your House
According to research, building up equity in your home is one of the smartest investments you can make. Not only do you have a place to live, but your home is also an investment that will grow in value over time.
The thing is, not all home improvements are created equal. Some will do very little to increase the value of your home, while others can actually decrease the value.
So, what are some of the best home improvements you can make to increase the value of your home? In this guide, we’ll go over seven of the most effective home improvements that will help improve your home’s value.
1. Transform an Unused Space
One of the best ways to add value to your home is to simply make better use of the space you have. If you have an unused room or area in your home, consider transforming it into a functional space that meets the needs of your family.
Some popular ideas for unused spaces include:
- Making a home office
- Turning a spare room into a home gym
- Adding a sunroom or enclosed porch
- Building a home theater
- Creating a playroom for kids
If you have the extra space, transforming an unused room into a functional living area is a great way to add value to your home. Not only will you be able to enjoy the new space yourself, but it’ll also be a major selling point for potential buyers.
About 79% of NAR members believe that curb appeal is very important in attracting buyers. A well-manicured lawn and tidy gardens can make a big impression on potential buyers, boosting your home’s curb appeal and making it more inviting overall.
Some simple landscaping projects that can add value to your home include:
- Planting trees and shrubs
- Creating garden beds
- Laying down fresh sod
- Installing a sprinkler system
- Building a fence or privacy screen
- Putting in stone walkways or patios
Just remember to keep your landscaping projects in line with the overall style of your home. A cohesive design will help boost your home’s value and appeal.
3. Kitchen Remodel
The kitchen is often referred to as the heart of the home, and for good reason. It’s where we cook, eat, gather with family and friends, and entertain guests.
It should come as no surprise, then, that one of the best ways to increase your home’s value is to remodel your kitchen. A well-designed kitchen not only looks amazing and modern, but it also functions better, is more efficient, and can even increase the resale value of your home.
Some of the best ways to remodel your kitchen include:
- Installing new countertops
- Updating appliances
- Refinishing cabinets
- adding a backsplash
- Installing new flooring
- Adding more storage space
If you’re planning on selling your home, a kitchen remodel is one of the best investments you can make.
4. Bathroom Remodel
While a complete bathroom remodel is a bigger undertaking than some other home improvements on this list, it’s definitely worth considering if you’re looking to boost your home’s value.
A well-designed bathroom not only looks great but also functions well, which is something that home buyers are definitely looking for. Some of the most popular bathroom features that home buyers are looking for include:
- Double vanities
- Soaking tubs
- Separate showers
- Walk-in closets
- Heated floors
- High-end finishes, such as granite countertops and stainless steel fixtures
When remodeling your bathroom, keep these features in mind to appeal to the widest range of home buyers and maximize the value of your investment.
5. Make Your Home Energy Efficient
Making your home energy efficient is not only good for the environment, but it’s also good for your wallet—and it can increase your home’s value.
Home buyers are increasingly looking for energy-efficient features when shopping for a new home. According to the National Association of Realtors, energy efficiency is one of the top three factors that home buyers consider when making a purchase.
Some simple home additions that you can make to your home include:
- Installing energy-efficient windows
- Upgrading to an energy-efficient HVAC system
- Adding insulation to your attic and walls
- Sealing air leaks around doors and windows
- Replacing old, inefficient appliances with ENERGY STAR® certified appliances
Making your home energy efficient is a great way to save money on utility bills and appeal to environmentally-conscious home buyers. By making a few energy-efficiency upgrades to your home, you can add value to your property and make it more attractive to potential buyers.
6. Backyard Additions
Outdoor living areas are becoming increasingly popular, especially in warmer climates. If you live in an area where people enjoy spending time outdoors, adding outdoor living space to your home can make it more attractive to potential buyers.
Some backyard additions that you may want to consider include when designing a backyard:
- A patio or deck
- An outdoor kitchen or BBQ area
- A fire pit or fireplace
- A pergola, gazebo, or another type of shelter
- Planting a garden
- Installing a pool, hot tub, or spa
Adding an outdoor living area to your home can make it more enjoyable for yourself and your family while also increasing its value. Building a pool is especially a great idea and if you already have one, you could change the pool colors instead to give it an upgrade.
7. Siding Replacement
If the siding on your home is starting to show its age, it may be time for a replacement. Not only will this improve the curb appeal of your home, but it’ll also protect it from the elements and help you save on energy costs.
When choosing new siding, select a durable and stylish material. Some of the most popular siding materials include:
- Vinyl siding
- Wood siding
- Fiber cement siding
- Brick veneer
While you may be tempted to choose the cheapest siding option, quality counts when it comes to this home improvement project. Be sure to select a material that will withstand the test of time and won’t need to be replaced soon.
The Top Home Improvements to Increase the Value of Your Home
These are just a few of the many home improvements that can increase the value of your home.
When planning your next home improvement project, keep resale value in mind to make the most of your investment. If you’re looking to sell in the near future, these projects are a great way to increase your asking price and get top dollar for your home.
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