A huge amount of work goes into making a house a home. During your time as a homeowner, you’ll end up doing a lot of home improvement projects and repairs to create your dream home and keep it in good shape. While you want to do home improvement projects that reflect your style and what you want to see in your home, you also need to think of its impact on your home’s value. Even if you plan to be in your current home for a long time, eventually, there will come a time when it needs to be sold. When you get to the point where you’re ready to sell, you want to get the most for your home, so it’s important to work on increasing the value now.
Here are eight investments that will help boost your home’s value.
Improve Your Home’s Curb Appeal
The outside of your home is the first thing people notice, so you want it to impress people. If your home’s exterior is outdated and dilapidated, people could form negative opinions on it right away. Even if the inside of your home is perfect, it can be difficult to change people’s minds. For some homes, this might mean smaller projects, like investing in better landscaping, while others will require more work. Some homeowners might want to look into getting help like siding financing if their home’s exterior requires a lot of work.
Renovate Your Kitchen
If you’re debating which room of your house to update, go with the kitchen. A new kitchen is one of the best things you can invest in to boost your home’s value. Renovating your kitchen can mean different things for different homeowners. Some homeowners may want to go all out and completely gut their kitchen and start from scratch, especially for kitchens that haven’t been updated in years. However, even a minor kitchen remodel can be effective at boosting your home’s value if you only have small changes to make.
Make Your Home Greener
Some home improvements can increase your home’s value and potentially save you money while you’re still living there. Many homeowners are making the switch to greener, eco-friendly homes today. A greener home is better for the environment but can also help you save on your energy bills. Energy-efficient homes are something many people are looking for today, and having these changes already completed is a huge selling point that any potential buyer will love.
Add on to Your Home
Many of us can use a little extra space in our homes. Home additions are one of the top ways to increase value in your home because of this. An extra room can be used for just about anything you need, such as a laundry room, home office, guest room, or you can have a sunroom put in. Maybe you have an attic or basement that doesn’t get used currently but can serve a purpose if you get it finished. This can keep you from having to get a whole new addition but still gives you more living space.
Get a New Roof
How long you can go without a new roof depending on the materials your roof uses, but if it’s already been 20 years, it could be time for you to start looking into getting a new roof. A new roof is extremely expensive, so if it is time to replace your roof, looking for financing like roofing grants for homeowners can make this project a little more manageable for you. If your roof doesn’t need to be totally replaced just yet, you can also see if certain areas need to be touched up for now.
Update Your Bathrooms
Like your kitchens, your home’s bathrooms have a big impact on it’s value. Bathrooms are one of the areas of the home that buyer’s pay the most attention to, so you don’t want to miss this opportunity. Any bathroom is bound to go through a lot of wear and tear over the years, but no one wants to buy a home that shows obvious signs of this. A newly updated bathroom with all new features can help your home sell for top dollar.
Give Your Walls a Fresh Coat of Paint
Painting may seem like a minor project compared to things like getting new siding or a home addition, but it does make a big difference. After years of the same coat of paint, your walls can get dirty without you noticing, or the colors can begin to look dull, but a fresh coat of paint can transform every room of your house. If you’re getting ready to sell your home and your walls are currently painted bold or bright colors that wouldn’t go with most people’s styles, you should also think about repainting. Going with neutral, basic colors can help allow people to envision what their life in your home will look like and won’t distract them from the rest of the house.
Keep Your Home Well Insulated
Good insulation is extremely important for homes in areas that experience harsh winters. You don’t want all the money you spend on heating to go to waste, and proper insulation will help you keep the heat in and the cold out. This will also help keep your home more comfortable during the hot summer months. If you live in an older home, this is something you should look into. While insulation can help, you should also consider getting new windows and doors installed if they’re drafty.
Get Help Financing Your Home Improvements
While home improvement projects will pay off in the long run, real estate investing like this can be expensive initially, and you might not have the funds to pay for it. Fortunately, there are many options available for homeowners to fund projects like these. At Homeowner Funding, we can discuss the plans you have for your home and help you find a funding program to help you tackle the cost.
Apply for funding today to learn more about how we can help you increase your home’s value.
