If you’re planning on selling your home in the future, there is no doubt you want to do everything possible to get a great deal; certain projects can add significant value to your home. So which home improvement projects should you invest in? Below are some helpful tips for home improvement projects that can increase the value of your home.
1. Remodeling the Kitchen
 |
Most people don’t want a home that has an outdated kitchen. When you modernize your kitchen, your home value will go up and it may make it significantly easier to sell. Because we spend most of our time in the kitchen, updates here really pay off. According to HGTV.com you can expect to recoup 60%-120% of your investment on a kitchen remodel. In addition to increasing the value of your home, if you decide to stay put a brand new kitchen can renew a love of cooking and make you eager to entertain. You’ll be able to add more space to move around and you’ll probably increase storage as well.
2. Remodeling a Bathroom
According to "Remodeling" Magazine, remodeling an existing bathroom was more profitable in terms of resale value than adding one on. QualitySmith.com states that if you are in the process of taking care of necessary repairs throughout the property, and you include a bathroom remodel as part of the home upgrade, you can expect to see as much as an 80% return on your investment.
In addition to improving your bathroom’s appearance, remodeling allows you to make better use of space. Bathrooms are often too crowded, especially in an older house. Today there are many new furniture and fixture choices that look great and take up less room, so you can make the best of the space that you have. With the right fixtures, décor, and a great tub, your bathroom can become an oasis to relax and sooth away the stress of the day.
3. Adding Energy-Efficient Windows
These days, buyers shop for homes with energy efficiency in mind -- so old, drafty single-pane windows are a major problem. Energy Star claims that adding Energy Star-rated windows can save you up to $500 a year in heating and cooling costs by making your home more energy efficient. According to HGTV, you can expect to recoup 60%-90% of your costs when you invest in energy-efficient windows. You may also receive a green energy tax credit of 10% for this upgrade, as long as you install Energy Star-rated windows. There may be additional credits from the state or utility company as well. Since new windows save you several hundred dollars a year and you receive a tax credit, you will recoup your window investment sooner than you think.
