Home Improvements that Put Money in Your Pocket
Everyone wants to increase the resale value of their home and implementing home improvements for resale value is simply smart money management. A modest investment in home improvement resale value can pay off in dividends when you’re ready to sell the house. But knowing which improvements will increase the home’s resale value before you begin any projects will help to ensure that you spend your money wisely and get the most resale bang for your home improvement buck!
Here are the best ways to increase home resale value
Replace roof or siding
Some of the sweetest words in the English language to a prospective home buyer are “new roof or newer roof", "with new siding” a very close second.Add a bedroom
Buyers prefer at least three bedrooms because it gives them plenty of options for privacy and versatility. Extra bedrooms can be useful if the couple has more children. Even if they don’t, everyone wants a home office these days.Add closet space
Closet space, especially walk-in closet space, is a big deal with home buyers, as it makes it easy for people to keep their belongings organized and accessible.Renovate the bathroom
If the cabinets, fixtures, flooring, and wall coverings in your bathroom(s) suggest a Better Homes and Gardens photo spread from 40 years ago, renovating your bathroom can be one of the very best ways to increase home resale value.Upgrade the kitchen
The kitchen is the heart of the home. Upgrading the kitchen with new cabinets, countertops, flooring, and any home improvement that brings more natural light into the kitchen is a very good idea.Energy-efficient upgrades
Everyone wants to lower their carbon footprint and save money on energy bills. Therefore, replacing your furnace, air conditioning, water heater, and appliances with new energy-efficient upgrades are easy home improvements that increase home resale value.Curb appeal-landscaping
You want to be careful with landscaping home improvements for resale value. For example, your wife may be enamored with the gazebo in the back yard, but buyers probably will not be. While one buyer might love a swimming pool, another might view it as a maintenance nightmare. With that in mind, it’s best to keep landscaping home improvements focused on cosmetic improvements, such as brick walkways and edging, flower beds, and fresh paint on fencing.
Some of these home improvements that enhance a home’s resale value don’t cost a great deal of money especially projects that you can tackle yourself. But when it comes to working on your kitchen and bathroom, you may want to spend a bit more and have a professional do the work for you. Think about setting a little money aside each month and addressing one major home improvement each year and before you know it, you will have increased your resale value significantly.