Potential buyers are looking for homes with great appeal and thoughtful interior design that balances trends and timelessness. Homes with these traits gain more interest from buyers, which in turn increases their overall value. To bring homes to market standards and protect their assets, many homeowners decide on thoughtful renovations and protection plans, such as bathroom remodels or home warranty contracts.
However, you cannot expect to increase the value of your home through any home improvement or recycle project. You can focus on specific upgrades to increase your return on investment (ROI) and get the most out of your home. In this article, we at the Home Media Reviews team will focus on the little hacks for the average homeowner and outline which projects you should leave to the professionals.
1. Start with a good, clean fun
A dirty home can be a major deterrent to anyone interested in buying your place. That’s why it’s important to clean your home inside and out.
Start inside, giving all floors, worktops, and surfaces a deep clean. Carpets and hardwoods are of particular importance. If you have carpets, investing in renting a carpet cleaner from a home improvement store like The Home Depot or Lowe’s can be a solid investment. Conversely, hiring a professional carpet cleaner is a convenient alternative that won’t break the bank.
When it comes to your home’s outdoor space, be sure to wash the vinyl in your home, entryway, sidewalks, patios and other exposed surfaces. A clean exterior will enhance the attractiveness and improve a potential buyer’s first impression of the home.
2. Create an impressive kitchen
The kitchen is one of the most important rooms for anyone looking for new properties. Prospective homeowners are looking for a kitchen they want to spend time in, with an atmosphere that encourages family time and good cooking. Fortunately, there are a few things you can do to beautify your home and recreate the feel of your kitchen.
according to ZillowPainting the upper and lower kitchen cabinets in contrasting colors can increase the value of your home by more than $1,000. If you’re considering multiple colors, the interior design community often chooses paint in white, gray, or wood. Many retailers, such as Amazon, sell spray paint for easy painting and retouching of cabinets.
If you like business, removing wallpaper in your kitchen can also increase its value. Wallpaper might be a perfect look in your grandfather’s kitchen, but today’s homebuyers prefer to see freshly painted walls.
While you may be considering an entire kitchen remodel, the return on the investment may not be worth it. according to Wardrobe Store USAThe industry standard for a mid-range kitchen renovation is about 50%, which means if you spend $20,000 on a remodel, you’ll only get back about $10,000 of the home’s value. Instead of a complete remodel, consider small changes in the kitchen to go along with a new paint job, such as a new backsplash tile or light fixture.
3. Give your house a new coat
While it is important to give your kitchen a fresh coat of paint and remove stuck wallpaper, it is also important to do the same for the rest of your home. When considering paint colors, keep in mind that many home buyers gravitate toward neutral colors that go with a variety of home decors. According to the digital platform Open doorPainting your home results in a 107% ROI, while painting exterior surfaces like the front door or shutters results in a 55% ROI.
While painting a few brightly colored rooms in your home can be simple, repainting your entire home or removing large amounts of wallpaper can be a challenge. Therefore, you may want to consider hiring a professional painter for a large-scale project. However, if you’re looking for a cost-effective paint job, consider painting just the kitchen, bathroom, entryway, and living room to get the greatest return on investment.
4. Upgrade your outlets and fixtures
Potential homebuyers value convenience, and little things like upgraded outlets, light switches, and other smart technology can add that to your home. If you own an older home, it will most likely be filled with two-pronged receptacles. Consider swapping it out for more modern 3-prong ports or specialized ports with USB connections. This can be a simple and affordable do-it-yourself project if your box is grounded and doesn’t need to be rewired.
In addition to renovating your home outlets, consider replacing some of the fixtures and appliances in your home. Small projects like adding new knobs and pulls to kitchen and bathroom cabinets or adding a new faucet to a kitchen sink can give an area a modern look without breaking the bank.
While most of these projects can be completed by a novice, you may want to call in a professional electrician to replace the more serious receptacles. However, rewiring an entire home can cost a lot more than replacing a few receptacles around the house.
5. Don’t overlook lawn care
Many DIYers enjoy spending their weekends pulling weeds, pruning hedges, and performing routine lawn maintenance. For others, lawn care is the last item on their list of weekend plans. Either way, getting a prepared lawn is a surefire way to increase the value of your home.
While simple lawn care such as weeding, pruning, and walkway remodeling are simple do-it-yourself home improvement projects, you may want to leave the serious maintenance work like reseeding, planting and aerating to the professionals. Preventive lawn maintenance can be scheduled from month to month or as needed.
a 2019 HomeLight Study It is estimated that paying approximately $270 for a lawn care service adds up to $1,200 in value to your home. This means that putting a little time and money into your home’s exterior can provide a 352% ROI.
6. Install technology to add value
When it comes to home technology, DIY security systems are also a major trend. Unlike switching receptacles, which may require an electrician, many common safety systems can be set up in an afternoon. These affordable systems wirelessly connect to your phone to provide constant updates and can be passed on to a new homeowner, if needed.
Other popular techniques include upgrading your lights with LEDs and installing smart thermostats. Much of your home’s total energy use comes from heating, so optimizing it will help you save money in the long run.
Not only will these upgrades add a little comfort to your home, but they also reduce the home’s overall carbon footprint, which many potential homebuyers appreciate and are willing to pay more for.
7. Giving purpose to unused areas
Sometimes potential homebuyers are curious about how their potential home will use its space. This means that it is important to give a goal to any unused areas in your home.
For example, turning a simple utility closet into an efficient storage area or refinishing your basement can add value to your home. Other simple projects — like adding storage systems to your laundry room or adding bookshelves to your home office — are affordable tasks you can do.
but, Large-scale home renovations That requires demolition, new drywall, additional wall screws and other extensive work that may be left to the professionals. Additionally, you may want to avoid these large projects because the ROI is not as high as some of the other smaller projects.
Where do I go from here
While the above home improvement list may seem daunting, it is important to understand that you do not need to complete every possible task to increase the value of your home. When deciding which projects to do, consider how much time and effort you’re willing to spend on each, then separate each task into what can and cannot be done.
according to Open doorSmall improvements, such as adding stainless steel appliances and replacing carpeting with hardwoods, can help increase the value of your home. While larger upgrades — such as adding a bedroom or finishing a basement — can add more value, these upgrades aren’t entirely affordable. It is important to choose only projects that fit within your budget.
No matter which upgrades you choose, it’s important to constantly protect and maintain your upgrades. For example, file Affordable home guarantee It can ensure that new appliances you install in your home will remain in good working order for years to come.
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