Know about the renovations that guarantee your money back.
Your property is your investment. It is your asset, hence, all the changes you make in it should put up your home’s value.
Now that real estate prices are skyrocketing, many homeowners are preparing to sell their homes. Only those who made financially smart renovations can earn money once they sold their house.
So if your current house is not your forever home, you might be concerned in increasing its resale value. Here are more than seven renovations and home improvement projects which are worth your time and resources:
A beautiful landscape
Start landscaping early if you want a gorgeous yard. You will count years before you grow a mature, shade-giving tree. You also need time to grow plants and lawn grass. Plan what you plant and where you place them. If you must seek for a landscape artist’s advice, then do so.
Make this your priority because good landscaping can add up to 28% to overall home value, says landscape economist John Harris. Taking your landscape to another level in terms of design, condition, and placement, can add 6% to 7% to a home’s value as well.
But of course, you won’t flip all the money you spent on growing your green living companions. It’s an additional hobby—a distraction, an escape from the stressful things you do.
Power wash your home exterior
Power washing the dirt your home accumulated in time. It’s effect is as good as repainting but for a much lower cost. You may avail the power washing services of other people or you can rent the machine from a hardware near you.
Upgrade exterior doors
The exterior of your house sets the first impression. The door is a handshake. Improving the little things elevates the look of your home and helps you sell your house in the future.
Replace the outdated
In an old home, you can update light fixtures, wallpapers, carpets, and popcorn ceilings. Replace these features with cleaner, simpler, and contemporary designs.
Remember, not everything needs to be new. Change the things that you find broken and unuseful.
Minor kitchen renovations
Here’s the thing. If your kitchen is up-to-date, you don’t need to remodel it anymore. Kitchen upgrades are expensive so find ways to refresh your kitchen at a lower cost.
However, you are free to do small kitchen updates such as painting the walls and cabinets and switching to energy-efficient appliances. Cleaning your white kitchen cabinets so they can look brand new is good too!
Consider replacing some of your doors and windows with French doors. It dramatically changes a space—making the space brighter, larger, and more open. The size of a place directly affects its resale price, but making a room feel more spacious can convince people to buy your home.
Choose a current paint colour
Paint refreshes your interior and outdoor looks. Modern neutrals and pastel colours are the hottest paint choices today. Using neutrals turn your home into a blank canvas, allowing people to see the what they can do in your space.
However, this doesn’t mean that you should stay away from rich paint colours. Keep it in areas that aren’t too formal like bedrooms or a small dining area. Of course, don’t forget to change the overly bright and chipped paint outside your house!
And finally, build extra storage!
If there’s a space in your house where you can add custom made shelving or cabinets, build it! Extra storage is useful to you and the next person who will live in this house. If you’re confident about your building skills, you can DIY this. However, if the project is too complicated, you may seek help from a draftsman in your locality.
Here’s my final word of advice. As long as you are the person living in the house, the space should reflect you. It should cater your needs. These renovation ideas and tips are your guide to keep your home in a high resale value while you enjoy it. ∎
Author bio: Charlene Ara Gonzales is a design writer from Superdraft Pty. Ltd. in Australia.
House improvements can be a great investment, find out more about smart investments here.
Katie is a finance specialist with one of the biggest firms in London. From savings to investments, there’s nothing she can’t advise on and she’s here to help spread the word and help you on your way to financial freedom.