If you are like most homeowners, you constantly think about the value of your house in case you decide to sell it. Luckily, you can increase its value by hiring a contractor to perform renovations on your home. However, you must be prudent, as not all renovations increase a home’s value. Check out our list to learn which renovations are the most effective means of increasing your property value, while still remaining economical.
- New paint on the exterior or interior of the house is an ideal renovation choice to increase the value of your home. Hiring a contractor to paint your house is an inexpensive investment that can yield a large return. Just remember to keep the colors neutral in order to appeal to a larger group of potential homebuyers.
- Update your kitchen with new cabinet doors, countertops, or a sink and faucet. Typically, the kitchen is the hub of family activity. Potential homebuyers, for the most part, will not purchase a home if they do not like the kitchen area. Most of the time, there is no need to replace the entire cabinetry in a kitchen as the doors take the brunt of the wear. Hiring a contractor to reface your kitchen cabinets is a cost-effective way to give your kitchen a new look. Contractors can also stain or paint the doors to match the existing cabinetry along with updating the hardware.
- Adding additional insulation to your home to make it more energy efficient is another affordable renovation that will increase the house’s value. This signals to potential homebuyers that the cost to heat or cool the house will be reasonable.
- Are your bathrooms in rough shape? Improving the functionality and appearance of a bathroom has a large influence on a home’s value. The bathroom, like the kitchen, is one of the most important rooms in the house to have in ideal condition and appearance to attract potential homebuyers. Contractors can update light fixtures, hardware and even replace that noisy exhaust fan with a quieter model. Green upgrades to high-efficiency faucets, shower heads and low-flow toilets add perceived value and save you money.
- Safety upgrades are another renovation that you should consider. Adding outdoor lighting so people can better see who is coming and going is a valuable feature that potential buyers will pay extra for when purchasing your home. In addition, lining the walkways with lights is a safety upgrade. Having a contractor install a security system is another safety upgrade that will increase the value of your home.
- Hire a contractor to repair or replace any faulty electrical outlets and switches throughout the house. A potential buyer might try these out before deciding whether to purchase your house. When they all work properly, it does increase the value in the eyes of the buyer.
Final note: Always hire a reputable contractor to perform any renovation on your house. Be selective with your remodeling tasks as you want a profitable return on your investment. Consider the items listed above in relation to your own home to determine what your house needs to up its value.
