Buying and settling into your first home is one of the most exciting times of your life. You love your home, even with the few updates it might need.
As time goes on you envision what you want your “perfect” home to look like and begin to make those changes. Though some of these you’ve been wanting for aesthetic reasons, many upgrades can also boost your home’s value.
Check out these 7 changes to your house that will increase its resale value and be worth the investment. Continue reading to learn more!
Curb appeal and landscape are important when it comes to caring for your home and investing in the future. It’s the first thing people see when they arrive, and nice landscaping makes a nice first impression.
Landscaping is one of the top three investments that bring the biggest return. Investing $400-$500 in curb appeal can bring four times the return amount. If left untouched, it will have potential buyers overlooking the property and beautiful house beneath it all.
Not only will unkept landscaping make a house look bad on the outside, but on the inside too. Tangled trees and bushes will darken the interior, obscure views, and can even lead to mold. If left untouched, fallen tree limbs on homes can cause up to $2,000 in damages.
You don’t have to invest much to keep a lawn looking cut and green. Some fertilizer and weed control will go a long way. Want to invest more? Add a stoned walkway with some greenery to spruce up the front and get the best out of your curb appeal.
When you look at windows, unless your expert, it’s hard to tell one window from another. Windows can last many years, but it’s hard to tell when it’s time to replace them.
Though you may not see a noticeable difference once you replace them, they help improve energy efficiency. Spending $10,000 on new windows will add $8,500 on an asking price – that’s an 85% return on interest.
When you do decide to replace your windows, don’t pick the cheapest ones. Choosing vinyl windows will increase your overall home value.
If you want to spice up your curb appeal, decorative glass is an option that will not only make your home stand out but boost your home value. New windows also provide increased home security, durability, energy, and beauty.
3. Bathroom Remodel
Doing a bathroom remodel, big or small, is a surefire way to boost your home’s value. Though it may not be in your budget to do a complete renovation – which can get expensive – some upgrades are easy to do it yourself, cheap, and quick.
Some minor changes that will help upgrade your bathroom and benefit you and your home are:
- Cleaning grout
- Removing rust stains
- Applying fresh caulk
- Updating cabinet handles and doorknobs
- Replacing faucets
- Replacing the toilet seat
These changes can cost you as little as $500 but will make a big difference. If you do have it in your budget and decide to renovate the entire space, prepare to spend anywhere from $5,000 – $14,000. Don’t worry, though – it can add another 85% in return on investment.
4. Entryways and Doors
We know first impressions are made when looking at curb appeal and landscaping, but did you also know that entryways and front doors have a lot to do with that, too?
Simple things like making sure your doorbell works, having some type of overhang such as a portico or awning above your front door will draw positive attention to your home. Though these may not seem like major items to have, people like having protection from the sun or rain while trying to enter their house.
Swapping out a wood or fiberglass front door for a new steel entry door will at least 91.3% of the cost. It comes in as the number 2 best value project for a mid-range home improvement project. If you decide to opt for a fiberglass door instead, expect to still see a 67.6% return on investment.
One of the best home improvements to your house that will boost the resale value is flooring. Spending money on replacing or updating flooring in any room of your home can have up to $2,000 in return value, even if you only spend $600 on the project.
If your floors are fairly new and holding up well, but there are some noticeable squeaks just add a few nails to improve the noise. Fixing broken tile, patching damaged floorboards and removing wall-to-wall carpeting are other small projects you can do yourself that will make a big improvement.
If you have an older home with outdated tile, new flooring might be in order. Sometimes homes don’t sell because of the color or style of flooring in certain areas of the house. Adding value to your home by replacing your floor or carpeting with engineered hardwood is a great option.
You don’t always have to replace carpeting with hardwood but you should consider the price options and the longevity. Though carpeting might come in cheaper than installing hardwood floors, it only lasts about 10 years. Most hardwood floors come with a warranty of at least 25 years if taken care of.
6. Wall Colors
We know once you’ve lived in a home long enough you’re bound to personalize it with fun colors that match your personality. No one likes a home that stays painted white for years on end.
But, if you plan on putting your house on the market you might want to consider repainting. Walls with chipped paint or loud colors will impact a buyers opinion more than you realize. When you’re ready to repaint, choose neutral colors like beige, gray or greige.
While it will only cost you about $200-$300 per room to repaint, studies show a fresh coat of paint in the right shade can add thousands to your sale price. This is an easy DIY job which should only take a couple of days to complete at most. If you don’t have the time to repaint a few rooms, hiring a professional at an additional cost is always another option.
7. Roof Upgrades
One of the biggest concerns and most asked question from potential buyers is, “how old is the roof?” Taking the time, effort, and cost of a new roof will ensure the asking price is raised and will add even more curb appeal.
New roofs can increase the asking price by up to $10,500 – that’s a 7% return on investment. If you have it in your budget to go the extra mile, we recommend installing solar panels with your new roof as well. This will decrease energy used and increase your home value.
Changes to Your House
There are tons of ways to increase your home value with projects varying from big to small. With a little elbow grease and some carefully planned budgeting, these 7 changes to your house will guarantee an increase in resale value and the asking price once you’re ready to sell.
For more ideas on upgrading, renovations, and information on glass, check out our website. Have a question? Let us know by contacting us!