Remodeling your kitchen, bathroom, or making additions can make your home more visibly appealing. Adding stylish renovations, or large features like an outdoor pool is a satisfying way to make your house comfortable and personalized to your tastes. Larger renovations can be costly and time-consuming though. There are several quick and simple renovations that can increase the value of your home without costing an arm and a leg. When you remodel and renovate your home, it can be a great way to increase the worth of your investment. Before you remodel, plan and calculate if it will actually add value. With some forethought, your upgrades will add both curbside appeals, in addition to increasing the overall value of your home.
Some Simple Renovations that Add Value
There are simple and effective renovations that can be done without spending a lot of money. It is important to stay within your budget and to keep things easy to avoid getting overwhelmed. Some renovation projects can wind up costing more than expected which may be frustrating and stressful. Before jumping into any major projects, it helps to stop and plan them out. Aside from large renovations, there are several smaller projects that increase your home’s value without causing stress or costing a lot. It doesn’t matter if you are a property investor hoping to find houses to flip or simply a homeowner hoping to increase the equity in your home. These tips can ultimately increase your net worth, by increasing the value of your property.
Here are some simple steps you can take to make your home and property stand out.
- Painting – A fresh coat of paint on interior rooms or the exterior of your home is an easy cost effective way to renew the appearance of your property inside and out. This simple upgrade will go a long way to increasing the value of your home.
- Power Washing – Cleaning all the exterior walkways, driveway, walls, and possibly roofing with a power washer can brighten up a property significantly. Many times this 8s all a home needs to make it more appealing. It is very low cost and the results are immediate.
- Update Fixtures – Doorknobs, outlet covers and light fixtures are some of the many details in your home that are often unnoticed. Changing out old or dated fixtures is definitely something most people can easily do. New fixtures can add the small details that add up to a new and impressive look for your property.
- Wood floors – Older homes that have wood floors are very attractive when the flooring is in good shape. Over time wood floors will need to be revived and maintained. Luckily it is much easier to bring a wood floor back to life than to replace it with new flooring.
- Bathrooms – The bathroom sees a lot of use and it can show signs of wear over time. Mold and other issues are common in bathrooms because of moisture. Regrouting and replacing fixtures are simple steps to renovate your bathroom that can pay off.
- Doors – Replacing old or unattractive doors on interior rooms or exterior entries is a renovation project anyone can do. Adding stylish doors to the front entrance is a great way for a noticeable touch that is one of the first things potential buyers see.
- Kitchen – The kitchen is a central component in your home that is likely a high traffic or social area. Renovating your kitchen with simple solutions like replacing old appliances one by one over time or focusing on a single element like a stylish flooring remodel can add a lot of value without being overwhelming.
- Exterior Renovations – If you have a garden or other features in your yard already, there are many easy ways to make these spaces more appealing. Fences and trees work great for small yards that do not need much material or work. Creating individual areas such as where kids play and outside eating spaces will make things tidy and also more appealing. Often it does not require much investment or time to add new outdoor furniture or a barbeque spot.
Considering Larger Renovation Projects
There are some issues that go beyond typical remodel and renovation jobs that are more simple or low cost. You may need to upgrade an outdated electrical system that could be a deeper expensive problem that should be dealt with. Correcting internal issues like damaged plumbing or degrading wood may not add aesthetics, but it is critical to fix these types of issues. Improving these systems that make up the foundation of your home will help to maintain its value as well as keeping it livable. There is little worth doing a beautiful bathroom remodel, but still has electrical problems that are unresolved. If you plan on selling your home, potential buyers will need to know about foundational issues which can affect the selling price. This is why it is smart to deal with systems like your HVAC and plumbing prior to selling your home, even though these steps may be more costly or involved than simple makeovers.