It’s always exciting to finish a project on your home. However, before you start a new project, you should consider how it affects your home’s value.
Your home is an investment. While you may enjoy the results of a home improvement project, future home buyers may find it a turn off. Bold paint, a swimming pool, and sun rooms are examples of projects that won’t increase your home’s value and may even deter buyers.
The following five home improvement projects are great ways to improve your home’s value and ensure that you get the highest return on your investment.
1- Neutral Paint and Designs
A great, low budget, D.I.Y. project that almost any homeowner can tackle in a weekend is painting. Painting your walls a neutral shade will give you one of the best returns on your investment.
Home buyers are willing to spend a little more money for the convenience of not having a to-do list before he or she can move in. Time is money. If a buyer has to hire painters, or spend time painting instead of packing and moving, it means that they will have to spend more time and money on rent, a mortgage, and other utilities in the property they are vacating.
Painting your walls neutral shades and including neutral colors in tile designs will also help your home sell faster. If you don’t plan on selling any time soon, rest assured that neutral colors will always be desirable when you are ready to move on.
2- Go Smart
Imagine arriving home after a hard day’s work and not even having to unlock your front door or turn on a light. The temperature and lighting in your home is perfect to kick back and relax. This is the reality of today’s smart home.
Most of today’s home buyers are millennials who have been raised in the digital age. That means that smart home technology will be a bonus when they view a property.
Smart lighting that can change colors, programmable thermostats, and smart locks are examples of smart technology that home buyers crave. These small conveniences can go a long way with potential buyers.
Whether you have an outdated fireplace or are considering adding one, fireplaces can increase your home’s value. Simply including a working fireplace in a listing is enough to get potential homebuyers to check out a property.
Before building a new or updating an existing fireplace, do your homework to determine which options are the most desirable in your area. If you live in an area with very modern homes, a ventless insert may be your best bet. If your neighborhood is in the historical district, a wood burning fireplace is more likely to appeal to buyers.
Other considerations include materials. Using metal, stone, or wood on your fireplace can impact the overall look and feel of your home. It’s important to do your homework before you begin to determine what your ideal buyer wants and expects.
4- Install Barn Doors
If you flip through the pages of any home magazine, you will see barn doors featured in at least one article. Barn doors are very desirable right now. If you are planning to sell in the near future, adding a barn door to your home’s listing can garner a higher asking price and results in more viewings.
Barn doors are simple and inexpensive upgrades that add significant value to your home. Rustic chic design touches are very popular with buyers and guarantee your home will sell faster and for more money.
5- Green Living
Save money, save the planet, and increase your home value by adding energy efficient green living features. This home improvement project is a home run with all potential buyers.
This project doesn’t have to be complicated. Upgrading to more efficient windows, adding solar panels, or updating your heating and cooling system are fast and easy projects that can be completed in a weekend, but will have a big impact on your home’s value.
Whether you choose to invest in a fresh coat of paint or install a new fireplace, these home improvement projects are guaranteed to increase the value of your home and ensure your investment pays off.