What Improvements Add the Most Value to a Property?

What Improvements Add the Most Value to a Property

Have you been asking yourself “what is my home worth” or “how can I make my home worth more?” You’ve come to the right place. It is in the homeowner’s best interest to always be looking for ways to increase the value of their home. Considering home improvements to add the most value to your home is a wise choice. The following home improvements have been shown to provide the most return.

Kitchen

A large amount of time is generally spent in the kitchen of a home, which is why the function and design is an important factor. If your kitchen is outdated, you should definitely look further into remodeling. While a major remodel is beneficial, a minor remodel can be just as good. Smaller updates such as updated cabinetry, a new backsplash, replacing your appliances, or installing a new countertop can be a smart investment. 

Exterior 

The exterior of your home can be a large selling point. If the outside of your home isn’t exactly up to par, here are a few ideas you should consider. Replacing your siding with vinyl can be an expensive project but it has been shown to provide a higher resale value of your home. If this type of an expense is not in your budget, there are less expensive options. Touching up your exterior paint or trim, adding landscaping, or replacing your garage door are less costly expenses to consider.

Revising the Floor Plan

Is your home blocked off into numerous rooms and areas? If you answered yes, updating your floor plan can be an update that will provide you with many benefits. Not only are current home buyers looking for an open floor plan but your family can begin to spend more time together and give your home a more spacious feel.

Basement

If your basement has the ability to be finished and utilized, what are you waiting for? While this can be a costly project, it has been shown to recoup up to 70% of the cost. Your family can most likely benefit from the added square footage you will gain from this renovation, not to mention the endless possibilities you can now use this space for. 

Budget Friendly 

You may not be looking to pour a large sum of money into your home at this time. Therefore, consider less expensive options. A new coat of paint in any room that is outdated can make a huge difference. How about your fixtures? If these are more than 10 years old, it’s probably time to consider purchasing new fixtures. Consider installing new faucets, light fixtures, knobs, and pulls to add an inexpensive upgrade. Establish your budget and work within your means to provide your home with a higher value at a lesser cost.