By putting a little effort into investments that boost your home's value, you'll give yourself a welcome return should you sell in the future.
Even when the housing market is in a healthy state, we all know how unpredictable it can be and how fast it can turn, as echoed by Forbes. With home improvement shows a popular television choice for first-time house hunters these days, it is important to keep up with demand and have some key projects completed before putting your house on the market. From updated kitchens and bathrooms to fancy backyard options, it's well worth considering these investments that boost your home's value to give you more options and put your best foot forward when you decide to sell.
Investments that boost your home's value start at the front door
Curb appeal is real, and an old, boring front door can be quite an eyesore. First impressions are everything, so having an updated, clean, and even unique front door can make a significant difference. Go from drab to fab with a sturdy modern door or perhaps an antique door with interesting hardware. Frame the door with appropriate windows to create an open look from the outside and add a little sunlight to the inside.
Update your exterior spaces
Similar to the front door, the front yard will also be noticed right away. A home's value is based on not only the home itself but the land it's sitting on, and the landscaping and general upkeep of the exterior spaces is just important as what's inside. The Washington Post spoke with HGTV experts on curb appeal and found that there can be a substantial return in investment when you put in the effort to do things like trim trees, update outside shutters, and adding in colorful plants and flowers.
Renovate the attic or basement
This renovation can be costly but is really an excellent investment. Turn any attic into usable space by adding a playroom for the kids or even some sensible built-in storage. If your home doesn't have an attic, consider updating the basement instead by making it a livable space with an extra bedroom and even a bathroom. Adding an entire attic or basement is incredibly costly and not always possible due to permits, but updating what is already in the house can really increase your home's value.
The kitchen is the center of the home
Home is where the heart is, and the kitchen can be considered the heart of the home! This is where gatherings often occur, especially during meal times. Having an outdated or well-used kitchen with older appliances can put off buyers and lower what you hope to be the value of your home. Country Living suggests buying new appliances, redoing countertops and cabinets and splurging a bit on higher end accents to breathe new life into an old kitchen.
Pamper yourself with an extra special master bedroom
What does each home owner have in common? They will all most likely choose the master bedroom to be their room. This is the perfect reason for the master bedroom to be on this list of investments that boost your home's value. A potential buyer will be the one paying for your home, so of course they will want their bedroom to be top notch. Update your master with built-in, organized closet space and definitely have an en suite bathroom.
Sight lines on the main floor
It seems as though an open floor plan is on everyone's list of must-haves for a new home. This is especially true if you live in a family-friendly neighborhood. Parents look for good sight lines on the main floor so they can be productive in one room and still be able to see what their little ones are up to. Consider knocking down a few non-load-bearing walls on the main floor of your home to really open up the living space.
Wake up your tired bathrooms
A room in the house that everyone will visit at least once a day is of course the bathroom. Depending on how many bathrooms you have, start with the most frequently used bathroom when renovating. Give the bathroom a modern makeover with new plumbing fixtures, new tiling for the shower, and updating the light fixtures. For a luxurious touch, add under floor heating to really boost the value of your home and impress potential buyers.
Interior accents add pizzazz
There are a few things prospective buyers will notice when they walk inside your home, and these can be used as reason to put in a lower offer. Dated accents inside the home such as popcorn ceilings, wood paneling and worn carpets should all be removed. Add nice wood floors, paint the walls and update the light fixtures. Your specific décor choices shouldn't matter, but these permanent pieces that will remain when you move all of your belongings out will be noticed right away when someone is viewing your home.
Consider adding a "wow" factor to your home
If you have the space, time and money, why not consider adding something to your home that would otherwise be unexpected? The welcome addition of a pool in the backyard or a well-equipped entertainment room can be one of the best investments that boost your home's value. If larger projects like this aren't in your budget, try smaller updates, such as adding crown molding for some extra elegance inside the home.
Don't be hot and cold
Depending on where you live and the climate in your area, you will want to ensure the inside of the home is fully equipped for the changing weather. Having outdated air conditioning or heating units that have seen better days can be a red flag for potential buyers. Update these to newer models and ensure key rooms are able to be climate controlled. If you live where it's hot year round, definitely invest in a powerful air conditioner, as that will be the first thing on most buyers' list.