The spring selling season will be here before you know it. That means you’re either thinking of selling your home now or sometime in the future.
Either way, a home improvement project creates incredible value. Depending on the project, about 75 percent of a project’s costs goes towards increasing the value of your home, according to HGTV. That’s especially important for the 70 percent of Americans who say their home is their greatest asset.
If you’re thinking of selling, a home improvement project means more money at closing. If you’re not in the market, then a remodel allows you to enjoy your home more until the day you do decide to sell. Either way, an upgrade is a win-win.
Home improvement can be costly, but you don’t have to start big. Make a plan and prioritize one room or space at a time.
Don’t know where to start? Consider these five sure-fire ways to add value to your home.
- Make sure everything is clean and in working order. Now’s a great time to take stock of those little fixes that will add up. For example, a broken window pane, a door that needs painting or a leaking sink are not costly to repair and update but make a big difference in your home’s quality and appearance.
- “Kitchen is still King,” according to Consumer Reports. Kitchens can be costly, especially if you’re upgrading to quartz countertops or stainless steel appliances, but you can also make a difference without spending a lot. Consider a colorful backsplash or new cabinet hardware. A new coat of paint can also work wonders.
- Expand your outdoor living. Adding a deck provides flexible space with a huge return on investment, according to Remodeling Magazine. It lists a new deck as recouping almost 83 percent of its cost when you sell your home. You can make your investment last by protecting your wood deck against the elements with Trex Protect. If you have a second-story deck, you can expand your outdoor living space by adding an under-deck drainage system such as Trex RainEscape. Once installed, a deck drainage system creates a water-proof space under your two-story deck. You can equip this dry, useable space with a ceiling and utilities for an outdoor television, lighting, kitchen, or bar. Or, you can use the space for storage.
- Create a spa feel at home with an upgraded bathroom. Here, you can spend a lot of money on splashy tiled walk-in showers and exquisitely expensive countertops. However, you can also add a new feel with paint and new faucets. Tip: undermount sinks are trending versus drop-in sinks.
- Make your home more energy efficient. Whether you spend a lot of money on new energy-efficient windows or heating and cooling systems or simply add a storm door or a smart thermostat, you can save money now and make your home more appealing to future buyers.
While you’re hunkered down for winter, make the most of your time to plan ahead. Do your research. Get an estimate. Dream online. You’ll be glad you did.