Home improvement is a major part of owning a home. From updating appliances to putting on a new roof, there are many different ways that homeowners can make their house into a more comfortable and functional place to live. Home improvements also can add value to a property when it comes time to sell. It’s important to know which upgrades will have a high return on investment and what projects should be left for the pros.
A homeowner’s most valuable asset is their home, and he or she wants to keep it looking as good as possible. While some upgrades may be too expensive to recoup the cost of installation, there are plenty of smaller jobs that can boost a home’s value without blowing up the budget.
Some homeowners choose to hire contractors for their renovations, but there are a number of do-it-yourself projects that can be completed in a weekend and will not break the bank. Painting, re-grouting tile and power washing the exterior of your home are all affordable projects that will help improve your home’s value.
When it comes to boosting a home’s resale value, a kitchen and bathroom remodel are the best investments. Adding a kitchen island or changing out the countertops and sinks is a relatively cheap way to refresh a room that will pay off at resale. A full-scale kitchen remodel, which can include replacing the cabinets and flooring, is one of the more costly renovations, but it will also reap significant rewards at resale.
Another great way to add value to a home is to install energy-efficient fixtures. New HVAC systems and windows will reduce a household’s energy costs and will help the environment. Similarly, installing solar panels will reduce electricity bills and help to offset the price of the initial investment.
Keeping up with routine maintenance and upgrades is important for homeowners, but it can be difficult for busy families to stay on top of everything. Luckily, there are resources available to help, including online DIY tutorials and local community-based programs. In addition, there are government programs that can help individuals afford essential home repairs and improvements.
For those looking to put their home on the market in the near future, it’s a good idea to consult with a real estate professional about what improvements will have the most impact. It’s also a good idea to avoid any upgrades that will drastically alter the appearance of your house. If you install a giant fountain in your backyard when your neighbors have modest lawns, you may be out of sync with the neighborhood and your home’s value could suffer. Finally, don’t go into debt to finance a home improvement project. Getting into thousands of dollars in debt will have a negative impact on your credit and will not make the situation any better when it comes time to sell.