7 Home Improvement Projects That Increase Home Value — NIC, THE REALTOR

Remodeling and renovating your home can totally transform the way you experience it. And if you play your cards right, it can also boost your home's value. But here's the thing: not all renovations are a guarantee. Some can actually hurt your chances of selling for a good price. So what's a homeowner supposed to do in this situation?

PROJECTS THAT BOOST YOUR HOME’S VALUE

1. REMODEL THE KITCHEN.

Having a modern, updated kitchen can really make a difference when it comes to selling your home. A lot of potential buyers these days are specifically looking for houses with updated kitchens.

According to Remodeling Magazine's latest report, if you decide to give your kitchen a makeover, you can expect to get back around 62.7 to 81.6 percent of what you spend. But here's the thing, don't get too carried away. It's not a great idea to pour $80,000 into a kitchen renovation if your home is valued at $125,000. It's all about being smart with your investments, you know?

When you're remodeling your kitchen, it's best to start small initially. You can begin by swapping out the kitchen faucet, giving it a fresh and updated look. Next, consider adding new cabinet hardware to enhance the overall aesthetic. Lastly, don't forget to replace those outdated light fixtures with modern and energy-efficient options. Taking these steps will give your kitchen a gradual and stylish makeover.

Hey there! Instead of going through the hassle of completely replacing your cabinets, why not consider giving them a fresh look? You can simply paint them with a new color or bring in a refacing company to spruce up the cabinet boxes and add new doors, drawers, and hardware. These small updates will make a big difference and elevate the overall appearance of your kitchen.

2. UPGRADE THE APPLIANCES.

If your appliances don't match, you might want to think about getting new doors and face panels directly from the manufacturer. This way, you can give your kitchen a more put-together vibe without breaking the bank on brand new appliances.

If you're thinking about upgrading your appliances, consider swapping out your old ones with new energy-efficient models. Not only are they better for the environment, but they also consume less energy, which means lower utility bills for you. Plus, here's an added bonus: you might even qualify for a rebate through Seattle City Light if you make the switch! And hey, speaking of savings, potential buyers are often on the lookout for money-saving features when they're house hunting. So investing in energy-efficient appliances could be a win-win situation for both the planet and your wallet.

3. BOOST THE BATHROOMS.

Bathroom remodels are a great investment, and you can expect to recoup about 87.7 to 93.5 percent of your expenses, as per the Cost vs. Value Report. When renovating your bathroom, it's important to be mindful of not going overboard, just like with the kitchen. Focus on installing new fixtures, giving the room a fresh coat of paint to make it brighter, and re-grouting the bathtub to make it look brand new. Adding a new mirror and some stylish light fixtures can also work wonders in transforming the overall look and feel of your bathroom.

4. REMODEL THE ATTIC OR BASEMENT.

Adding more square footage to your home can get pretty expensive real fast. Instead of going down that route, why not renovate the space you already have? Think about turning your attic into an extra bedroom or a cool workout area. And hey, why not convert that basement into a cozy family room? The key is to make the rooms versatile so that potential buyers can turn them into their own personalized spaces. Trust me, it's a more cost-effective way to amp up your home's appeal.

5. GET DECKED OUT.

So here's the thing about adding a deck to your place - it's totally worth it because you can get a high return on your investment. You see, one of the main reasons for this is that decks actually increase the living area of your home. And the best part? They cost less to build per square foot compared to other additions. So, you're not only getting more space to enjoy, but you're also making a smart financial move.

So, check this out! According to the latest Cost vs. Value report, in the Seattle area, if you decide to go for a wooden deck that costs around $13,084 to build, guess what? You can expect to get an impressive 106.7 percent of its value back when you decide to sell your home. But wait, there's more! If you opt for a composite deck that costs around $19,227, get this, you can recoup an average of 122 percent of its value at resale. It's like getting some extra moolah in your pocket while enjoying your deck!

6. BOOST CURB APPEAL.

You know what they say, first impressions really do matter. And let me tell you, sprucing up your home's curb appeal doesn't have to be a complicated or costly endeavor. It could be as easy as giving your home's siding a good scrub or, if you're feeling fancy, getting a new walkway installed. Trust me, a little effort can go a long way in making your home look top-notch.

Did you know that putting in a fresh front door is a super quick and affordable way to give your home a major facelift? It's true! In fact, getting a new front door is considered one of the best home improvements you can make, according to the Cost vs. Value Report.

If you want to spruce up your outdoor space, here's a simple idea: give your shrubs a little trim and then add some mulch around your bushes and trees. It'll give everything a nice, polished appearance. And if you're feeling adventurous, why not add a pop of color with a flowerbed or some pots filled with lovely geraniums? It's an easy way to add some beauty to your surroundings.

If you want to give your home's siding a fresh and clean look, it's time to roll up your sleeves and scrub away all that dirt buildup accumulated over the years. Once you're done scrubbing, don't forget to touch up any areas that have started to show signs of wear and tear. Trust me, your home will thank you for the makeover!

When it comes to sprucing up your backyard, it's important not to go too crazy. Sure, creating a paradise is awesome, but it might not actually increase the value of your home. All you really need to make a great impression is a nicely maintained lawn and some strategically placed shrubs and plants. That will definitely give your place that "wow" factor without breaking the bank!

7. IMPROVE ENERGY EFFICIENCY.

So, when a home inspector comes to check out your place, they'll make a note if your insulation isn't up to par or if your doors and windows are letting in drafts. And let me tell you, all of that can really drive up your energy bill. But don't worry, there are some easy fixes you can do to save some cash. Start by adding more insulation to your attic, it can make a big difference. And then, take a look around for any cracks or gaps around your doors, windows, light switches, and electrical sockets. Seal those up and you'll prevent any more energy from going to waste.

Are you dealing with those old, drafty windows in your home? Well, let me tell you, they might actually be turning off potential buyers if you’re trying to sell. But don't worry, I've got a solution for you. How about installing some Energy Star-rated windows? Not only will this make your home more comfortable, but it can also save you some serious cash on your heating and cooling costs. And here's an added bonus - upgrading to Energy Star-rated windows can even qualify you for a green energy tax credit. So, it's a win-win situation!

When it comes to selling your house, buyers usually want the windows to be in good shape. If you replace the windows, it might not make a big difference in the price you can ask for. However, if you don't replace them, it could actually lower the amount you can get for your home.

BOTTOM LINE

Home improvement projects can significantly increase the value of a home, making them a great investment for homeowners.



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