Home Improvements That Will Add Value To Your Home
When it comes to increasing the value of your home in the Shuswap, home improvements are a great way to do this. Whether you are looking to increase the value of your property before you sell or just want to add some general equity into your home for the future, there are certain home improvements that can help you achieve your goals more quickly and more efficiently.
In this blog, I will discuss the top home improvements that will add the most value to your home for resale purposes. I will tackle the most valuable exterior and interior home renovation ideas, and provide some other tips to consider that will help to increase the overall value of your home before you sell.
Curb Appeal
We always say “never judge a book by its cover”, but in real estate, we almost always do. Before a buyer can truly appreciate and see any of the high-value upgrades you’ve made to the interior of your home, they usually have to like its exterior first. Savvy buyers will do a drive-by of a property before they book a showing, so don’t be lazy here! If the outside space isn’t updated and clean, potential buyers may not ever step inside. Simply put, if it looks like you don’t care about the outside of the home, it’s going to seem like you don’t care about the inside either.
Upgrading your roof can also add a lot of value to your home. Investing in a new roof can not only make your home look better, but it protects your interior assets too. Most roofs have a life expectancy of 15-20+ years, so though it’s a major investment, it will be an attractive upgrade to all buyers.
Additionally, installing a new patio or deck can also add a lot of value to your property. It’s a great way to add outdoor living space to your home and can be another great investment if you have the space to do so.
Exterior Improvements
When it comes to exterior home improvements, one of the biggest and most cost-effective improvements that can be made is painting. Painting the exterior of your home can give it a fresh, new look and can add a lot of value to your home. Another cost-effective exterior improvement is to upgrade the siding of your home. This can not only make your home look more attractive, but can also help protect it from the elements.
Basic things like cleaning the exterior windows and gutters, or power washing your driveway and siding, can go a long way to cleaning up the exterior of your home. Installing a new statement door or even painting the existing one can also add a dramatic effect.
Updating your home’s curb appeal can be as simple as making sure your landscaping isn’t overgrown with weeds, or it can be as large as replacing a roof.
If the outside looks organized and taken care of, buyers will have a sense of care and value – even if you invested minimal amounts of time and money doing so.
Interior Improvements That Will Help Increase The Value Of Your Shuswap Home
When it comes to interior home improvements that add the most value, it is important to understand the benefits of each improvement. Home improvements that offer the best return on investment (ROI) are the best investments for increasing the value of your home. It is no surprise that the kitchen and bathroom tend to be the most complex and largest ticket items with the interior, but they also offer the best ROI.
Kitchen Renovations
Because the kitchen is still considered the heart of the home, it’s the primary area where people seek value in a remodel. When a buyer is walking through a prospective home, the kitchen is generally the first destination on their agenda because people spend so much time in there.
The easiest and most apparent upgrades in kitchens are for countertops and appliances; buyers almost always expect upgraded countertops in today’s Shuswap housing market conditions, and there are a number of options to choose from. Likewise, upgraded high-energy efficient appliances add instant value because of their longevity and cost-saving factors, not to mention the modern fresh look they will add to your kitchen.
A larger project to consider is custom-built, solid-wood cabinetry. If the current cabinets in your kitchen are outdated and made from materials such as melamine, buyers will likely see a project they will need to take on in the future. Determine your budget and decide if extra features, such as glass cut-outs and soft-close hinges, are necessary for your renovation.
Finally, installing a new backsplash can also add a lot of value to your kitchen. Installing tile, stone, or glass backsplash can give your kitchen a clean look and can help to increase the value of your home.
Bathroom Renovations
When it comes to bathroom improvements, one of the most cost-effective and easy improvements to make is to upgrade the fixtures and lighting. Installing new, energy-efficient fixtures and lights can not only give your bathroom a more modern look, but can also help to make it more energy efficient.
Upgrading the floors in your bathroom can also add a lot of value to your home and give you a more contemporary look and feel.
Investing in a new vanity and counter top will also increase the value of your bathroom. If you don’t have the budget to buy a brand new vanity, consider refurbishing the one you already have. Sanding it down and painting it with a bathroom specific paint, and adding new hardware and a sink will give an old vanity new life again and save you lots of money.
At The End Of The Day…
If you are looking to increase the value of your home, home improvements are a great way to do so. Investing in the right home improvements can help to maximize your home's value and can make it more attractive to potential buyers. By researching the best home improvements that will add the most value to your home, you can make sure that you are investing your money wisely and maximizing the value of your home.
If you are thinking of selling your home in the Shuswap this year and are ready to get started with your home improvements, give me a call to discuss which home improvements ideas before you get started. Consulting with a local Shuswap REALTOR® will not only help save you time, but also money.
