1. Invest in your home’s appeal. Looks matter, especially when it comes to your home. Besides sprucing up your home’s exterior and curb appeal, kitchen and bathroom remodels offer the greatest return on investment. Because these rooms are highly used areas, people generally desire high-quality, updated bathrooms and kitchens. If you want an impactful home resale value, consider revamping these two rooms.
2. Install energy efficient features. Many energy conservation upgrades not only lower your utility bills but can also increase the value of your home. Consider energy upgrades such as adding solar panels, LED lighting, double-paned windows, insulation to attics, or replacing old appliances. Going green does well for the environment, attracts other energy-conscious buyers, and increases your home value.
3. Increase your square footage. One of the most impactful renovations to increase your home’s value is adding square footage. You can do this by adding additional rooms or even a half bathroom. If this is too far out of your budget, consider building a patio or outdoor deck or finishing a basement. Sprucing up these areas help to create and expand your home’s living space.
4. Replace your flooring. The flooring of your home should not be overlooked. Are your carpets stained or worn out? Does your wood flooring look dull or have scratches? Floors are one of the most used features of your home and can show the most signs of wear and tear. Consider swapping out carpets with hardwood floors, especially if you have carpet colors that are easily stained. Generally, hardwood floors are easier to clean and maintain and can prove to be a low-maintenance feature that can contribute to your home value.
5. Be selective about luxury installations. Not all luxury installations will prove to be a good investment. But there are a few key luxury installations worth considering. With the rising use of virtual assistants and smart technology, it is no surprise that there is a growing demand for smart home technology. Consider adding smart thermostats or voice-assistant-controlled lighting fixtures. Adding a water filtration system, such as Reverse Osmosis (RO), can also add high appeal for potential buyers.