Renovating and remodelling a home makes it more enjoyable and comfortable, and when done right, it can improve its value. Unfortunately, not every upgrade is created equal.
Although some home improvement projects add significant value to a property, others decrease the selling price. But don’t worry if you don’t know what projects to work on. Here are home improvement projects experts that experts say can improve your property’s value:
Table of Contents
1. Installing an Energy-Efficient Siding
Faded, worn down, or broken siding can easily turn off buyers and lower a home’s value—something that you obviously don’t want. This home improvement project isn’t as easy as taking care of plants in the yard, but it’s very rewarding in the end.
Re-siding your property will not just increase the value of your home. It will also offer you an opportunity to make it energy-efficient, thus saving you cash on your gas or electric bill.
2. Painting
Paints can significantly improve a home’s appearance. When used creatively, they give it a refreshing, new appearance. Apart from the home’s aesthetics, they make it more valuable than the property was.
However, you should be cautious of the kind of paint you use, especially when you plan to sell the property. So, to be on the safe side, ask your interior or exterior house painter to use a neutral colour, which can go with the potential buyer’s style to make it easy to sell the property faster.
3. Basement Conversions
Finishing the basement, as well as making it more habitable, is the best to improve the appearance of your home. It helps to add space and increase the value of a home.
While converting a basement can cost you around $57k, it can deliver over 87% ROI. Also, basement conversation may not always give you back what you invested, but when done right, you may convert the basement in a manner that makes your property sell faster.
4. Adding Stone Veneer
This home improvement project ranks as one of the best for homeowners looking to increase the value of their property, recouping about 97% of the ROI.
Also, the best thing about this project is that you don’t have to refinish the whole exterior of your property to reap the benefits. In fact, replacing part of your home’s façade can just improve its curb appeal.
5. Landscaping
Landscaping projects are great investments when planning your home for sale. Improving your front yard increases the curb appeal of your home, attracting many potential buyers.
You may be able to handle some landscaping projects yourself. Some tasks you can handle include planting flowers, trimming bushes, and planning a wedding.
However, if you want a dramatic change, hire an expert to handle projects like converting your front yard into a xeriscape-friendly yard.
If you plan to live in your residential property for five or so years, you need to upgrade it according to your lifestyle and preferences. But if you just want to make a profit, try to increase the ROI of your home improvement projects, like landscaping, adding stone veneer, and basement conversions.
