You’re sick of the look of your house. That old paint color on your walls has reached an all time level of boring and something must be done! While you’re in a remodeling mood, why not improve the value of your home? Everyone knows that a new bathroom or a revamped kitchen will up that appraisal value. Let’s take a look at some lesser known home improvements that will also increase your home’s worth.
- Insulation- According to bankrate.com, upgrading your insulation can raise the value of your home by over 100%. That’s just on the resale value. We’re not even talking about the money you’ll save in heating and cooling. When you start making a list of home remodeling projects, replacing insulation should sit at the top of that list.
- Doors- The front door is often the first thing that people notice about your home, but curb appeal is not the only reason to upgrade. Aging doors crack and shrink, allowing the elements to invade your air-conditioned living quarters. Many doors are made with hollow cores. A solid wood door will last longer and protect your home from the elements. They are also much more difficult to break down than their hollow core counterparts.
Don’t forget about the garage door. People often forget about the garage door as long as it still functions, but an old garage door can cost you significant money. New garage doors can lower heating and cooling costs, increase your curb appeal, and increase security. Advances in technology have led to a much quieter garage opening experience as well.
- Add a room- Do you have unused attic space? Storage above a garage? Turn these dusty skeletons into new rooms. The addition of a bedroom will drastically improve the resell value of any home.
- Manufactured stone veneer- Used most often around a fireplace, this stone siding-like product can yield a return of up to 92%. The stone veneer can be applied to the inside or outside of your house to add an old-fashioned aesthetic that will have buyers opening their wallets. Choosing the veneer over real stone will save you hundreds of dollars.
Each time you take on a home project, you have a chance to add value. Always keep the resale in mind to avoid wasting time or money on costly improvements that won’t reward your hard work and expense.