Home improvement is a big undertaking that can add value to your home in a number of ways. Some improvements, like a new roof or windows, are necessary for the house to function properly and may be required by your municipality.
Other improvements, like adding an extra kitchen and dining room or choosing smart home technology products, can increase the value of your home if you ever decide to sell.
Many homeowners are interested in home improvement to add value to their homes, but they may not be sure which improvements will add the most value. Here are some of the home improvements that will typically add the most value:
Garage Door Replacement:
As a homeowner, you may not think much about your garage door. However, a new garage door can add a significant value to your home. In fact, replacing an old or damaged garage door is one of the most cost-effective ways to improve your home's value.
A survey of real estate agents found that a new garage door was seen as an improvement that would add value to a home, with an estimated increase in home value by up to 4 %.
Stone Veneer on Exterior
In the past, many homeowners would add a brick veneer to the exterior of their homes to improve their curb appeal. However, stone veneer is now seen as a more valuable home improvement.
It gives your home a more luxurious look, and when you sell, potential buyers will be willing to pay more for a home with stone veneer.
Apart from value, stone veneer also has other benefits. It is low maintenance and can last for many years without needing to be replaced.
Wood Deck Addition
If you have the space, adding a wood deck is another great way to add value to your home. A wood deck can provide you with an outdoor space where you can entertain guests or relax with your family.
A well-built wood deck can give you as much as 82% of the ROI, according to Yahoo Finance. If it cost you $10000 to construct the deck, you may be able to sell your home for $8200 more.
This is one of the best home improvements to add value because it provides extra living space to be used all year round.
A wood deck can also add value because it provides potential buyers with an extra reason to buy your home. If you live in an area with good weather, a wood deck can be seen as a valuable asset.
The key to adding value with a wood deck is to make sure that it is built with high-quality materials and installed properly. If you are unsure how to do this, it is best to hire a professional contractor.
A kitchen remodel is another excellent way to add value to your home. A well-designed kitchen can make your home more enjoyable to live in and more appealing to potential buyers.
If you are planning to sell your home in the near future, a kitchen remodel is one of the best investments. A minor kitchen remodels, which includes new countertops, appliances, and cabinets, can give you a return on investment of up to 80%.
A major kitchen remodels, which involves more extensive work such as moving walls or adding an island, can give you a return on investment of up to 50%.
While a kitchen remodel is a great way to add value to your home, it is important to keep in mind that it is also a major undertaking. If you are not sure if you can handle the project independently, it is best to hire a professional contractor.
Vinyl and Siding Window Replacements
If your home needs new windows, replacing them with vinyl or siding windows is a great way to add value. New windows can make your home more energy-efficient and boost curb appeal.
Vinyl windows are a particularly good choice if you are looking to increase home value. Vinyl windows are low-maintenance and can last for many years without needing to be replaced.
Siding windows are also a good choice if you want to add value. Siding windows are made from durable materials and can withstand the elements better than other types of windows.
Who doesn't love a luxurious bathroom? If you plan to sell your home, a bathroom remodel is a great way to add value. A well-designed bathroom can make your home more enjoyable to live in and make it more appealing to prospective buyers.
A minor bathroom remodels, which includes new fixtures, tiles, and cabinets, can give you a return on investment of up to 70.1%. A major bathroom remodels, which involves more extensive work such as moving walls or adding a spa-like bathroom, can give you a return on investment of up to 50%.
Making home improvements can be a great way to add value to your home, but choosing suitable projects is essential like energy efficiency products. Some home improvement projects are more likely to add value than others. In general, the best home improvements make your home more functional or attractive to potential home buyers.
If you are thinking about concrete, we also see that driveway paving is a great way to increase the value of your property.
Not every time we should think of increasing the home's resale value. Sometimes, we improve our home to make it more comfortable for our family.
Happy home improvement!
David is the lead content editor at RVA Paving Pros, a service for Richmond VA residents. In his spare time, David likes to travel, read about business and visit the finest italian restaurants in town!
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