As a proud homeowner, there’s a good chance you’re always on the hunt for new ways of boosting property value. However, some home improvement projects cost a lot more than they are capable of returning when it comes to property value. Moreover, not every homeowner has a budget big enough to afford extensive renovations.
So, we’ve rounded up the top ten improvement projects that have the biggest influence on property value.
Repair And Maintain The Roof
Roof maintenance and timely repairs, such as those offered by Central Homes Roofing for tile roofing in Orlando, can extend the lifespan of your roof. By repairing small damages and flaws in time, you can effectively avoid having to replace your roof sooner than you need to. And when considering just how expensive a new roof can be, it’s wise to invest in ongoing roofing maintenance, repair, and replacement services.
Because a dilapidated roof can degrade property and neighborhood value astronomically, homeowners can usually expect a return of about 60% on roofing replacement in Blaine, MN.
Fix The Garage Door Or Invest In A New One
The garage door of your home has a major impact on curb appeal. But a new garage door is more than an appealing detail of a house; the condition of the garage doors will also influence home security and daily convenience. A new garage door with automated features improves home safety while making it much more convenient to enter and exit your home.
Replacing a shabby garage door with a new modern one can bring you returns of a little over 100%. So, this home improvement project can boost property value substantially.
Repair Or Pressure Wash The Driveway
The driveway of your home also influences curb appeal quite a bit. So, it’s important to repair cracks and pressure wash routinely. If you don’t yet have a driveway, it’s worthwhile to invest in this home improvement project, even more so because this is a fairly affordable project.
An asphalt driveway is the best choice when improving your driveway for property value. This kind of building material is durable and easy to clean.
Repaint Or Touch Up The Exterior Paint
Next to a dilapidated roof and cracking driveways, faded and peeling or cracking exterior wall paint will also plummet home value and area value. For this reason, upkeep curb appeal is vital for homeowners.
Engaging a skilled painter in Charleston, SC can make the process of repainting or touching up the exterior of your home hassle-free and effective. Repainting is another affordable home improvement project. But that doesn’t mean you won’t see great returns on your investment. Studies show that repainting exterior walls will bring about 55% in returns for homeowners.
Covert Your Basement
Suppose you are currently using your basement as storage space. In that case, you can boost property value quite a bit by converting the space into a guestroom, a home office, a multi-functional recreational area, or even a home gym.
When converting your basement into a functional area, you will increase your property’s floor space, boosting value automatically. With this project, you can even decide to capitalize on the space by renting it out as a guestroom.
Even though the costs of converting your basement are relatively high, you can expect a property value increase of as much as 70%, and if you decide to rent your basement, you will receive ongoing returns on your investment.
Build A Home Office
As home office spaces are quickly becoming staples for professionals in various careers, home offices are a sought-after property detail. You can decide to build an extra room onto your home or break down and build internal walls to accommodate another room without extending floor space.
You can expect about 50% returns on this kind of home improvement project because a home office can increase property value by as much as 10%.
Invest In Landscaping
Your front yard impacts curb appeal, and your backyard impacts property appeal. For this reason, landscaping is one of the quickest and cheapest ways to boost property value. Moreover, residential landscaping services are also pretty affordable.
A modern, neat, and tidy landscaping design can add about 15% to the value of your home, and because you can decide to tackle your yard with a DIY approach, you might be able to manage this project with minimal funds.
Install A Deck
Installing a deck can boost property value by as much as 60%, depending on the materials used and the deck size. Nevertheless, a deck area adds substantial value to any home as extra functional space.
A deck area can be used for entertainment, relaxation, and cooking. Upgrading your deck by adjusting the design to enhance lighting, privacy, and comfort is also a great approach to increasing property value.
Redo The Flooring
Replacing the flooring will give your home an instant makeover. It’s best to opt for the same kind of flooring throughout your home. You can always add a few area rugs for comfort and texture later on. Custom rugs for home offer a unique opportunity to infuse your space with personality and style. They allow you to define distinct zones within an open floor plan, creating a sense of purpose and flow in your home. Using the same kind of flooring throughout your home creates a uniform look, making it easier to decorate rooms that complement the primary theme of your home.
More often than not, hardwood flooring is the best option to boost value. Even so, tiling and new carpets will have a noticeable impact on property value.
Upgrade The Bathrooms
You don’t have to spend a fortune on upgrades to give a bathroom a complete makeover. Instead, you can replace fittings, faucets, and tiling only; there’s often no need to replace bathroom fixtures unless they are damaged.
With the right modern upgrades, you can recoup roughly 50% of the costs of this project. Moreover, you can change light fixtures, replace faucets, paint the vanity cabinet, and deep clean yourself to save costs, but it’s not recommended to retile your bathroom on your own unless you have the relevant skills.
There are tons of home improvement projects that can add substantial value to the resale value of your home. While some projects listed above can be handled with a DIY approach, others require specialized services. But even so, these home improvement projects are all relatively affordable when compared to expected returns and the impact on home value.
