Being stuck inside your home during the COVID-19 crisis may be causing you to feel an itch to spruce up your space. Whether it is for quality of life improvement or investment for a higher reselling price down the line, it is important to plan your home renovations and upgrades carefully. After all, your home is probably your most significant investment. It is crucial that you make the right decisions on which home improvement project will give you the most value.
Planning to renovate your home soon? Here’s a selection of the best home improvement projects that can increase your property value.
Bathroom Renovation Ideas
One surprising part of your home that can be a deciding factor in a property sale is the bathroom. A lot of home buyers prefer homes with several bathrooms and updated bathroom fixtures. Here are some bathroom renovation ideas.
- Replace outdated fixtures. Worn-out bathroom fixtures will make your entire bathroom look old. Update your faucets, towel racks, and lighting to improve your bathrooms’ appeal.
- Clean tile grout and caulk. Blackened and dirty grout and caulk will turn away potential home buyers. So if you don’t plan on updating your tiles, freshen up your floors and walls by cleaning up tile grout.
- Install new cabinets and countertops. More storage space is always a premium so installing additional cabinets will add value to your bathroom. Additionally, you may install a granite countertop, which is a relatively smaller investment than its kitchen counterpart.
Kitchen Remodeling Ideas
Kitchen renovation projects actually give some of the best returns on investment. You don’t have to do a full overhaul of your kitchen to get more bang for your buck. Here are some of the best kitchen remodeling ideas.
- Repaint walls and update your backsplash. Repainting your kitchen is a small investment but it will have a great impact on your kitchen. But to get the most out of it, you should also update your backsplash to go with the fresh coat of paint.
- Reface drawers and cabinets. Instead of replacing drawers and cabinets entirely, a more budget-friendly alternative is refacing them. You can give your kitchen a new look simply by installing a new wood or laminated veneer on your existing drawer fronts and cabinet doors.
- Add a suspended rack for more storage space. Again, more space is always a premium, especially in the kitchen. Installing a suspended rack in the ceiling to store pots, pans, and other kitchen equipment on will free up a lot of space in your kitchen cabinets.
Boosting Curb Appeal
Your home’s exterior serves as the cover page for what is inside your home. Before potential buyers can proceed to actually check the home, look for title issues, and even pending mechanics liens, you first need to give them a good first impression. Here are some ways to boost your curb appeal.
- Go green with plants and flowers. Plants and flowers are the simplest yet the most impactful ways to boost your curb appeal. Use plants to emphasize visual points such as your entryways and windows. Bright flowers can help your home stand out.
- Add a clear path. Having a well-defined path will make your home look inviting. You may add pavers made of stones or bricks to run from your gate to your home. Alternatively, you can put flower boxes and lighting fixtures to set a path.
- Repaint your front door. Instead of a boring, ordinary door, make it pop with a fresh coat of paint that accentuates the other colors of your home exterior. You can even change the doorknob and install better security features.
Increasing your property’s value does not have to break the bank. Now that we are all stuck at home, put some time and effort into researching which parts of your home need a boost and you will be surprised by the results.
Patrick Hogan is the CEO of Handle.com, where they build software that helps contractors, subcontractors, and material suppliers with late payments. Handle.com also provides funding for construction businesses in the form of invoice factoring, material supply trade credit, and mechanics lien purchasing.