Most property owners buy a home with the goal of increasing its value. While it may not be in the forefront of your mind, when you think about selling in the future you’ll want to know that your home is worth more than when you bought it. Making the right changes to your home can guarantee increased value.
Smart Changes for Big Impact
There are many ways to add value to your home, from projects as small as touching up paint, to completely revamping your backyard. If you plan on living in the home for many years, you’ll want to make changes that will benefit your family and your bottom line.
1) Pool
A pool is an appealing amenity for most families, especially in Texas, where summers can be brutal. Many prospective homebuyers here won’t even look at a house that doesn’t have a pool! A well-designed custom pool provides a beautiful sight and practical uses. Many homeowners incorporate a hot tub into their poolscape, allowing for the space to be utilized year round.
2) Outdoor Living Space
Outdoor living spaces have exploded in popularity in recent years. People want to enjoy the outdoors, and the construction of outdoor kitchens, living rooms and covered patios has allowed for that. Maximizing your home’s backyard can pay off big if you decide to sell.
3) Boost Curb Appeal
Curb appeal is your home’s first impression. It encompasses elements such as landscaping, your front door, garage and porch. Replacing or refinishing your front door and sprucing up pint with a fresh touch up coat can make a world of difference. Your yard should be mowed, adding grass seed to any bald patches. Flowers are a great and inexpensive way to add color and interest. You want people to see your home and think, “Wow!”
4) Update Bathrooms & Kitchen
Kitchen and bathroom renovations have the highest rate of return on investment, often surpassing 100%. This is because prospective buyers are easily daunted by the idea of having to do these renovations themselves. They’ll usually pay a bit more to avoid doing so, which makes bathroom and kitchen renovations very smart.
5) Get Rid of Carpet
Carpet has rapidly declined in popularity since the mid-2000s. Alternatives such as wood, tile, and bamboo have become the norm. Hard surface floors are easier to clean, they don’t show as much dirt and they’re better for anyone who suffers from allergies. Carpet, particularly in main living areas, is seen as outdated and unappealing. If your main floor has carpet, consider swapping it out for a more modern option.
Increase the Value of Your Home
Thoughtful improvement is the act of modernizing your home in a sensible way. For example, if your family loves the outdoors, adding a pool can add value and improve quality of life. Always approach home improvement with plenty of planning, research, and patience.
To find out how outdoor renovations can boost your home’s value, Contact Us.