Whether you’ve decided to sell your home in the next six months or a few years down the road, investing in home improvements with good ROI in mind is a smart move. Your home is an asset, and any money you invest in it will bring you joy and add value when you decide to put it up on the market for sale.
If you’re contemplating investing in a home remodelling project, the following nine home improvement ideas provide the best return on investment.
1. Replace outdated garage door
This may not be the most exciting upgrade, but the garage door replacement can be quite a beneficial upgrade. Use a garage door that is built for high-performance (energy-saving glaze and insulation) with durable materials like wood composites, steel, and aluminum. if Although wood is a classic choice, it is not weather-resistant. If you want a wood-like appearance for your garage door without the flaws of the material, look for fiberglass or wood composite.
2. Remodel the bathroom
Bathroom remodeling is one of the most valuable home improvements. Some of the small upgrades you can consider are:
- Reglaze or recalk the tub instead of replacing
- Upgrade fixtures with spa ambiance in mind, like installing a rain shower head or walk-in shower
- Replace the vanity lights
3. Major or Minor Kitchen Remodels
Kitchen upgrades, both major and minor, are great for increasing the value of your home. Some minor kitchen upgrades include:
- Update light fixtures
- Refinish kitchen cabinet
- Add an island
- Increase storage space
- Upgrade faucets
Major kitchen upgrades include:
- New kitchen cabinets and countertops
- Change the flooring
- Add doors/windows
- Upgrade home appliances
- Add storage, dining, seating, or cooking space
4. Transform an unused space
Many homes have attics, basements, and bonus rooms that are extra and unfinished. Use this space to increase your living area and make it more appealing to potential buyers.
You can convert your unused space into a:
- Home office
- Game room
- Playroom
- Home gym
- Guest bedroom
- Study room/library
5. Add energy-efficient extras
Energy-efficient appliances help save energy costs and reduce your home’s environmental impact. Some energy-efficient projects to undertake include:
- Purchase Energy Star appliances
- Install solar panels
- Invest in a smart thermostat
- Improve insulation
6. Spruce up your curb appeal
If the home lacks curb appeal, homebuyers might not even check the property from the inside. Impressive exteriors create a lasting first impression and increase the value of your home. Some tips to increase your curb appeal include:
- Paint your front door
- Make your exteriors pop with a new coat of paint
- Add a classy wooden deck
7. Make your home smart
Smart home devices help boost your home value and add appeal to potential buyers. Some of the smart home upgrades include:
- Smart lights
- Smart thermostats
- Smart carbon monoxide, smoke, and radon detectors
- Smart home security systems like doorbell cameras
8. Put a fresh coat of paint
Most homes go through natural wear and tear. These imperfections can be washed away with a fresh coat of paint. Stick to neutral shades – white, gray, or beige. Try these colors for the spaces in your home:
- Light blue for bathrooms
- Dark blue for bedrooms
- Gray for living rooms
- White for kitchens
9. Fix your house
Minor repairs and maintenance can make a big difference when it comes to selling your house. Consider these repairs to increase the value of your home:
- Repair broken or leaky plumbing
- Replace broken appliances and HVAC system
- Remove peeling wallpaper
- Take care of your lawn
- Replace cracked tiles
If money is getting in the way of home improvement projects, you have two options:
1. Sell it as-is: It’s not a good idea to sell your house as it is because you give the buyer an opportunity to negotiate, making a deal much less profitable, especially if the house is in a bad shape
2. Take home improvement loans: This option makes sense because with low-interest home improvement loans, you would be able to make minor and major home improvements that can increase the value of your home and sell it for a higher value.
Author Bio:
Tanya Singh works as a Content Marketer at LoanTube – a loan comparison marketplace where borrowers can connect with multiple lenders via a convenient and transparent application. She writes about topics related to personal finance and loans helping her readers in making smart decisions when they need to borrow. Yoga brings her inner peace and strength, and travelling brings her joy (besides her work of course).
