Buying a house is expensive, yet more and more people still choose to make this investment because it allows them to earn money. Maintaining your home will enable you to sell it with a higher price tag in the future, or you can have the property rented out to earn money monthly. The nature of real estate properties to increase in value over time is a great reason to invest in one, but do you know that certain home upgrades can also significantly raise its value? As long as they’re executed properly, these home upgrades will allow you to make the most out of your investment by helping you earn the most profits.
Here are the top five major upgrades that can improve the value of your home:
Change Your Roof
Your investment will be useless when you continually use a damaged roof because your own safety will be at risk, and cool air from your AC units will escape. These situations can cause stress and skyrocketing energy bills. One major upgrade that can improve the value of your home is changing your roof. This is a great option, especially if you see yourself clueless on what to do with leaking roofs or if you’ve been using the same roof for at least 15 years. Investing in a brand-new roof can improve the value of your home, boost the curb appeal of your property, and ensure the safety of the people living in it. Aside from keeping the household and their valuables secure, a new roof will also prevent leaks that can cause slip and falls inside the house.
Replace Your Windows
Windows are important in every home because it affects the aesthetics of your property and the insulation that people experience when they’re indoors. Your home will become very uncomfortable if it doesn’t have enough windows. If you want to improve the value of your home, replace your windows with newer models. You can expect to get at least 74% of ROI (return on investment) after completing this project. Brand-new windows can increase the amount of sunlight that enters the home, making your indoors look and feel brighter. Brand new windows can also improve the ventilation of your home and help you save money from paying expensive energy bills.
Improve Your Landscaping
The exteriors of your home are vital because it leaves an impression and gives people an idea of what to expect inside. It’ll be tough for you to convince people that your home is well-maintained if your exteriors look unkempt. The appearance of your exteriors can also repel potential homebuyers. Improving your landscaping is another upgrade that can boost the value of your home. Depending on your preferences, you can plant one type of flower to create a monochromatic color scheme outdoors or opt to fill your outdoor space with different plants to make the area more colorful. Shaping unsightly and overgrown shrubs and trees and adding water features, such as ponds and fountains, can also help.
Remodel The Kitchen
The kitchen is one of the most important areas of every home because this is where people prepare meals and share conversations with friends and family. The amenities present in the kitchen can also affect the health and safety of the people living in the house. If you want to improve the value of your home, invest in kitchen remodeling projects. Kitchen remodeling projects have a recoup rate of 53%, which means that you’ll be able to earn a good ROI from this investment. Redoing the layout in your kitchen and replacing appliances with brand new models are great options when remodeling your kitchen. You can also choose to replace your flooring with brand new materials and invest in countertops made from stone, granite, or quartz.
Add A Deck, Patio, Or Porch
Your home has living spaces indoors, but more often than not, these aren’t always enough. For people who like to host parties or welcome friends and family into their homes, having more living space is vital—and this is something that you can experience when you add a deck, patio, or porch in your home. Decks, patios, and porches add value to your home because these increase the living spaces in your property. Not all homes have these spaces, so making sure that your own home has either one will make it more appealing and valuable in the market. If your budget allows it, you can also invest in high-quality outdoor furniture to place in these areas. Adding some potted plants and lights can also make your deck, patio, or porch more appealing.
Work With Pros
Investing in major home upgrades will require a lot of your resources—and the process can become more challenging if you choose to do everything on your own. Major home upgrades require skills and equipment, which is why it’s always best to hire professionals for the job. Once you’ve determined which upgrades to do in your home, start looking for experienced contractors who can help you. With their help, you can guarantee that all of your home upgrades are executed properly in the fastest and safest way possible.