7 Remodeling Projects That Add Value to Your Home

As the real estate market still recovers slowly, many people are opting not to sell their homes, at least until the market has improved even more. Until the time arrives, home owners may choose to partake in a few different home improvement projects to increase the value of their homes, should they choose to put their homes on the market later. These home improvements will also give you and your family more enjoyment all the while enticing potential buyers in the future.

While there are several home projects that will decrease the value of your home, there are quite a few that will improve your home value. Check out the following 7 home improvements below to help you increase your home’s value and improve your own quality of life!

Remodel the Kitchen – One of the first improvements you can undertake is to remodel the heart of your home – the kitchen. You definitely don’t need to get a deluxe kitchen to call it remodeled – a few simple improvements will work just fine. Get the biggest bang for your buck by looking at color. A fresh coat of paint in a modern hue can go a very long way in updating your kitchen’s look, and it is also quite cheap. Additionally, consider replacing any old appliances you may have with energy-efficient models. They are better for the environment, will save you money, and will entice buyers when they look at your home.

Add a Bathroom – Does your home have only one bathroom? Consider adding another! Take a look at any extra rooms or underutilized spaces you might have in your home. Closets and areas under staircases can also be fair game. The cost of adding another bathroom will be dependent on the types of additions and accessories you want to include. Keep in mind, also, that a half bath requires at least 18 square feet, a full bath with a stand-up shower requires at least 30 square feet, and a full bath with a tub will need at least 35 square feet.

Reinvent a Room – Adding more square footage to your home can be quite costly and very time-consuming. Projects can start benignly but can quickly spin out of control if you’re not careful. Instead of knocking down walls and beams, reinvent the space you already have to save some money. Consider finishing the basement or convert your attic into a bedroom for starters.

Add Energy-Efficient Windows – When potential buyers look at your home, they’re not just thinking about the space they will want or need; they’re also looking to see if your home is energy efficient. Your old, single-pane, drafty windows are going to be a major turn off to any potential buyer with energy efficiency in mind! Take the time to add in energy-efficient windows instead. These windows won’t just attract potential buyers, but they will also help you save more money on your electric bills!

Add a Deck – Outdoor living spaces are very desirable and can be a big draw to potential buyers. Make your deck and backyard more appealing with a deck to persuade the buyer! Costs can vary greatly; it just depends on the size of the deck you want and all the features you want to add to it like built-in seating, stairs, and more. While you can do the work yourself, the job is quite hard, and the tools can be costly. If you decide to look for a contractor, be sure to do your research. Angie’s List is a great pace to start.

Add Energy-Efficient Insulation – If your home lacks basic insulation, the home inspector will make note of your home lacking energy-efficiency in their reports. Keep buyers’ interest and save money right now by updating your home to have energy-efficient insulation. It won’t cost you a lot of money, and you can see the benefits pretty quickly in your energy bills. Areas to check for additional insulation include around doors and windows, around electrical sockets and light switches, around the attic hatch, in the basement, and in recessed lighting.

When In Doubt, Do Basic Updates – Sometimes the most basic of updates can really add a lot of value to your home. Tasks such as keeping the paint fresh, repairing the roof if it leaks, eradicating any mold in your home, and replacing rotten wood can do wonders for your home. Buyers will walk in your home, checking for a healthy, safe, and solid structure that has had routine maintenance.

Want more tips? Ready to put your home on the market? Call us at Prudential Select Properties at (314) 835-6000 or visit us on www.discoverstl.com to learn more!

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