3 Home Improvements That Will Increase Your Home Value


The summer months are fast approaching. This may mean that you finally have the time and the inclination to tackle some of your home renovation projects. Many of these projects may even help to increase the resale value of your home. This could be significant if you're looking to sell your home in the near future. Here are some of the renovation tasks that you may want to add to your list if you're interested in getting the most out of your home improvement projects.

Safety First

How safe your home is may not be something that you've given much thought to in regards in home improvement projects. You can dramatically increase the attractiveness of your home by taking some measures to ensure that your home is the safest possible. If your home is considered a family home, a new family may be more interested in it if they don't have to come in and retrofit for the needs of their children. This may mean that you invest in anti-tamper proof locks, install security features on your windows, or have a home security system. All of these little upgrades will make a difference in how your home is viewed. Installing the best home security system can also help to reduce your homeowners insurance rates. This can be an incentive to move forward with making your home a little safer.

Large Scale Versus Small Upgrades

Many people assume that you need to have the latest and greatest home in order to increase the value. Some of the most lucrative home upgrades are those that are more minor in scale. The kitchen and bathrooms are places that you can get the most return from your investment. For example, you may be able to reuse the cabinetry if it's in good condition. It can be costly to completely gut a room and start over from scratch. Painting or refinishing the cabinets can save you a substantial amount of money. Changing out countertops and backsplash are areas that may attract the most potential buyers. Taking the time to do these smaller scale upgrades increases the overall value of your home. Another thing to consider is the curb appeal of your home. Paint can go a long way in changing the appearance and the impression that your home gives.

Consider the Functionality

The flow of your home is another thing that is important to the value. There isn't a set number that you can assign to the functionality of any given home. This plays more of a role in how quickly your home is on the market. Things to consider are the ease in which someone can navigate the kitchen and bathrooms. Ask yourself if the placement of the fixtures makes sense in relation to each other and the room itself. If the answer is no, you might want to consider redesigning these areas to increase the flow that can be achieved. Another thing that many home buyers are looking for in their next home is the open concept floor plan. Your home may already have this feature or could be relatively easy to create. Before you take on this project, weigh the cost versus the benefit that you'll receive for this particular renovation. Removing walls can be a more involved project than you as the homeowner may be able or willing to undertake.

Every home has areas that you may want to improve upon. You have to pick your battles when it comes to deciding which renovation tasks will give you the most return on your investment. If your ultimate goal is to sell your home, complete your renovations with this in mind. Going more neutral may work in your favor. If you plan on staying in your home, hitting the key areas, such as the kitchen and bathrooms, will serve you well in making the most of your home's livability long-term.

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