If you want to give your home a contemporary look, investing in a home improvement project will pay off. But for the most return on investment (ROI), there are two factors to consider when deciding what changes you want to make to your home. The first one is whether it’s something that you think will add value for you or your family. Secondly, if it’s something you think will increase the value of the house to people in the market to buy a house.
You can read more here and learn about how specific home improvement projects can increase the value of your home for optimal ROI and maximum curb appeal. The most valuable home improvement projects increase your property’s value many times over the amount you spend on them. While aesthetic improvements can elevate a home’s appearance, learning which projects will be worth it for the exterior and interior is also advantageous.
Exterior Curb Appeal
Curb appeal is a term used by real estate agents and professional landscape companies to describe how visually attractive a house is when viewing it from the street. It’s what gives home buyers their first impression of a property before they enter through the front door. How a property’s exterior looks is paramount to getting potential home buyers interested in the first place and, at the very least, getting an appointment set up for a tour or viewing.
Here are some of the most popular home improvement projects for a home’s exterior proven to increase a home’s value:
- Installing a new front door or garage doors
- Remodeling the driveway
- Professional landscaping (Fresh grass, trees, and other plants)
- New windows
- Roof renovation or roof replacement
- New lighting fixtures
- New exterior paint
- New mailbox or house numbers
The interior of a home is another area you can capitalize on with a home improvement project. As a recommended point of reference, you will want to make the interior feel like an unforgettable experience and a place of comfort, luxury, or practicality, depending on your specific tastes and style.
Here are some of the most popular home improvement projects for a home’s interior proven to increase a home’s value:
- Kitchen Remodel
- Bathroom Remodel
- Bedroom Remodel
- Living Room Remodel
- New Flooring
- New A/C Unit
- New light fixtures
- New wall paint
- New furniture
Paying for Projects That Increase Home Value
For homeowners who want to enhance the appeal of their homes and increase their market value, it’s important to be mindful of the costs associated with home improvement projects.
Minor projects can range anywhere from a few thousand dollars to tens of thousands, and even more for large-scale projects. Many avenues are available to finance your projects, such as paying in cash if you are financially able, taking out a Home Equity Line of Credit (HELOC), using your personal or business credit card, or starting a crowdfunding campaign so close friends and family can be heavily invested in your mission for the vision you have for your dream home.