Every homeowner has a different idea of what is the best home improvement project to invest in. There are many considerations that must be made before making this decision. Some homeowners may prefer one type of project over another and some projects will cost more than others.
One thing to consider when deciding on your home’s next renovation is how much value it will add to your property. If you’re looking for a quick way to increase the resale value of your house, then there are certain renovations that can make an impact more quickly than others. Here are six projects that will not only improve the look and functionality of your home but also give you an increased return on investment if you decide to sell:
Painting
A fresh coat of paint can make a world of difference for your home’s curb appeal. If you plan on selling soon, painting the walls in your house can be one of the fastest ways to make it more appealing and increase its value. The best part: It doesn’t cost very much at all. In fact, painting is one of the least expensive projects.
If you have a few spare hours and the skills required, then painting is a great investment for your home. Plus it’s a project that can be completed in just a day or two depending on how large of an area you’re painting. If investing in new appliances or flooring isn’t something that interests you, then painting your walls may be the best home improvement project to invest in.
Change The Roof
If your roof is nearing the end of its life, then investing in a new one may be worth it. A high-quality job done by this roofing company in Los Angeles can increase the overall value of your property whether you’re selling to another homeowner or buying another house. If you consider the resale value when deciding which home improvement projects are best suited for your home, then this may be a good choice.
Replacing your roof can cost thousands of dollars, but the increase in resale value will likely make this one of the best investments for your home. A new roof can also benefit you and your family as well provided that it is done properly. Roofs are a major part of a structure’s overall integrity and a well-maintained roof can protect you from leaks.
Replace The Plumbing
The outdated plumbing in your house may be the next project that you invest in once it comes time to remodel or sell your home. If your pipes are damaged or stricken with rust, then there is a good chance that they will need to be replaced. But if you’re looking for something that will provide a return on investment then it’s certainly worthwhile considering. A new plumbing system can help improve how water flows through your fixtures. It also makes your appliances run more efficiently and keep them in working order.
If you’re concerned about the cost of replacing your pipes then it may be worth finding a plumber that can offer to finance. This allows you to pay off the project over time with interest if necessary. It’s important to have this done as soon as possible because plumbing issues can cause serious damage and require extensive repairs if not tended
Remodeling The Kitchen
Even if you don’t plan on selling your house in the near future, updating your kitchen can still make a huge impact on its value. The kitchen is one of the most important rooms in a house and it’s usually where most homeowners spend a lot of their time. There are many different ideas you can implement to remodel your kitchen to increase its value. If you want to give it an entire face-lift, you can always go with an upgrade to granite countertops or even start from scratch and build your own custom kitchen. You may also choose to invest in new appliances that will increase the value of your kitchen.
Flooring
If you’re planning on staying in your current house for at least one more year, then investing in flooring may be the best thing that you can do to increase its value. Installing new floors can add up to 50% to your home’s value. This is a significant increase in value compared to other investments.
If you’re worried about spending too much money on your home, then flooring may be the best option for you because it can add a lot of value while still remaining affordable. This can be a great way to maximize the resale value of your property without having to do any major changes or renovations. Flooring is one of the most affordable room remodeling options available and it only takes a day or two for someone with some skills and tools to replace their flooring.
The best home improvement projects to invest in that would add more value to your property are those that also improve its functionality. You want the project you select to be one that will help make it easier for you and your family members (or tenants) to use.
