6 House Upgrades to Improve Your Home’s Value
Before you put your home on the market, it’s worth making a few additions to increase how much you can earn on your investment. A few strategic investments will help your home command a good price on the market. Here are six house upgrades you can make to increase your home’s value.
1. Add Another Bathroom
New bathrooms always bring extra value to your home. If you have an unfinished basement, you can capitalize on the empty space by adding a bathroom. You can generally expect to get back 80%-110% of whatever you put into your bathroom renovation. You can also use extra rooms, empty spaces and even closets to add another bathroom.
When buying parts for your bathroom addition, make sure they’re energy efficient. Energy efficient appliances are always considered more valuable. You can ask hardware stores if you can get a discount on the toilet or sink if you buy the floor model. An extra bathroom is an excellent way to add value to your home.
2. Repaint Your Home
It’s surprising what a big difference a new coat of paint can make. If you decide to remodel your kitchen or bathroom, a new coat of paint is usually the finishing touch the project needs. Painting makes your home cleaner by getting rid of all the dust and debris on the walls which helps the place feel more vibrant. A new coat of paint also adds protection from moisture and dirt build up.
Repainting your home also allows you to bring attention to individual rooms. If you feel your living is the best feature of your home, using bold colors can help make a strong impression. Having your entire home professionally painted also significantly adds to the value of your home.
3. Invest In An Outdoor Pizza Oven
Outdoor pizza ovens are a unique accessory that’s sure to attract a few buyers. Outdoor pizza ovens have many selling points, one of them being their energy efficiency. When you run your outdoor pizza oven with wood, you save money on gas and electricity. Outdoor pizza ovens also have the capacity to run on gas and electricity for convenience.
Outdoor pizza ovens are also for more than just pizza. Cooking over an open flame helps food retain their nutrients while boosting the flavor. Investing in an outdoor pizza oven will instantly upgrade the appeal of your outdoor area.
4. Expand Your Deck
Decks are proven to add value to your home. People want to be able to enjoy the outdoors without the hassle of renovations. With more people staying home for vacations, a deck is a great way to improve the value of your home. Even though you can save money by doing the job yourself, professional decks will stand out once you list your home on the market.
5. Add Energy Efficient Windows
If your home still has old single pane windows, buyers are going to be wary. Old windows simply allow way too much energy to escape from your home. Upgrading your windows can save you significant amounts on your utilities.
You can expect to see 60%-90% of your investment back when you install energy efficient windows. You may also be approved for a tax credit depending on where you live. Each new window can save you several hundreds of dollars a year in energy costs. Energy efficiency is something savvy buyers will be looking for.
6. Upgrade Your Insulation
Adding energy efficient insulation is another way you can make your home more efficient. Insulation is inexpensive, and it can make a significant difference in how much energy is leaving your home. You can rent a thermal detector from a hardware store to find areas of your home where heat is leaking. Adding insulation around your doors, windows, electrical sockets and in the attic can save you hundreds in energy costs each year.