No matter what kind of dream renovation project you may be planning, make sure to understand your potential return on investment before you begin.
These six home projects can maximize your home's value paying off in the long run.
If your yard could use a little TLC, a landscaping redesign can increase curb appeal and the equity in your home.
Invest in a few flowering shrubs — a splash of color at the front of your home will catch the eye of potential buyers. Use one color and vary the height of plants for impact. Trim overgrown shrubs. Add two or three large planters that feature a variety of colorful flowers.
Spread fresh mulch around plants and trees. Add a charming focal point like a flagstone walkway or fountain.
- Exterior Improvements
First impressions are key — giving the outside of your home a fresh look can increase its value and improve the chances of a sale.
Paint the exterior, including the trim. Paint color cards can help you choose color combinations that look amazing. Don't forget the front door. Remove old awnings for an updated look.
Get rid of damaged railings and replace them with inviting natural wood.
Add a pergola and columns to give a humdrum porch an elegant makeover.
- Minor Bathroom Remodel
A minor bathroom remodel can make your home look much more modern and inviting. Re-caulk the tub. If your bathtub is chipped and worn, consider installing a new tub surround that fits snugly over it and makes it look brand-new.
Remove old wall coverings (especially old wallpaper) and give the walls a fresh coat of paint in a neutral color. Spackle and sand holes before painting.
Put in new flooring — linoleum or tile.
Replace or remove old shower doors. A curtain that can be opened or pulled back will create an illusion of space.
- Minor Kitchen Remodel
To many people the kitchen is the most important room in the house, so improving it can add quite a bit of value.
Sand and paint cabinets and drawers. Replace cabinet hardware to give the kitchen a fresh look.
If countertops are very dated or worn, install new ones. If you are on a tight budget, Formica® or other affordable man-made material will do. If your budget will allow, consider stone or granite.
A worn, vinyl floor can be a turnoff; consider replacing it with new luxury flooring. New appliances update your kitchen and can be a real plus for potential buyers.
Add detail by changing curtains, towels, and other accessories.
New windows can make a dramatic difference and increase the value of your home. New windows increase energy efficiency and can keep the indoor environment more comfortable. There is an array of materials from which to choose — including vinyl, wood, and composite materials. In hotter climates, consider double-pane windows with low e-glass. It reflects heat, and argon gas inside the pane prevents heat and cold transference within the window.
If your roof is over 20 years old, it may be time to replace it. Missing or curled-up shingles are a precursor to a leaky roof. If you see daylight or the roof's leaking, it is definitely time to replace it. There are a few options when it comes to roofing, such as shingles, tile, slate, or rubber. Make sure to do your research and be clear about what will work best for your house. Don't forget to ask about proper drainage, too.
If you're hoping to add value to your home, then you can't go wrong with these projects.