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One of the best investments anyone can make is purchasing real estate. The value of the real estate property will inevitably increase over time through the market. Speak with those from the Baby Boomer generation and you’ll hear plenty of stories about how they purchased a house for $40,000 and now their house is worth $400,000.
Many of these people simply lived in their house, kept it well-maintained, and some made renovations.
When it comes to renovations, they’re not only providing something useful for you but they’re also increasing your home’s value. Some of these renovations will put your DIY skills to the test while others require professionals.
Check out some of the following home renovations that can make you money.
Remodeling the Bathroom
If you’ve been researching which part of your house to remodel, you’ve probably come across the old saying that bathrooms and kitchens sell houses.
It’s an old adage for a reason.
Remodeling the bathroom is guaranteed to increase your home’s value, especially if you go about remodeling the master bathroom.
It’s always a good idea to stick with neutral, basic colors instead of trying to be too flashy.
Garage Door Replacement
While it may not seem like much, upgrading your garage door will offer you one of the biggest returns on your investment.
Here, it’s all about curb appeal (Six Dollar Family). Look to go with a fancy wooden style door or include windows on the door, as those perform better than garage doors without windows.
While installing hardwood floors can be an expensive project, it’s totally worth it for improving your home’s value.
It’s important to remember that engineered products aren’t as sturdy, nor do they look as good, as the real deal.
Not only that, they are much easier to clean than carpeted floors and don’t hold in any smells or stains.
A Wooden Deck
Decks are great, aren’t they? They’re perfect for a summer barbeque, backyard party, or simply a place to sit in the sun and catch up on your favorite book.
It’s the ideal spot for entertainment and hosting but can be expensive and tricky to install depending on the layout of your home. But, they are so worth it for the entertainment value and increase in home value.
Wooden decks provide the most value simply because they look better and are more sturdy than vinyl or composite decks.
When looking to build a deck, make sure you reach out to deck builders in Kansas City to find the best option for you and your house.
One of the biggest trends of the past year is adding as much natural light to a house as possible. This may require replacing new windows or installing some in new places.
Windows come with a whole range of benefits. Not only will the new windows provide a better look, improving your curb appeal, but they’ll also make sure to keep your energy costs low.
In turn, you’ll be saving your money in the short term while also increasing your home’s value in the long run.
While this isn’t a renovation that you can see right away, upgrading your insulation has similar effects to upgrading your windows.
Simply put, homes with poor insulation cost more to live in and are more expensive to maintain. The best part is that insulation is pretty expensive and the savings can be huge. Your utility bill will be quite thankful.
You don’t have to keep the insulation in the attic as there are plenty of places around the house that probably have a few leaks. While small, multiple holes and cracks can quickly add up.
Make sure you get them covered to save you money now and increase home value over time.
A Fresh Coat of Paint
If you’ve been searching for a project you could tackle on your own, then we’ve finally arrived!
Giving your home a fresh makeover is one of the easiest and cheapest options on this list. Inside walls can be bumped and scraped over time. Next time you have a minute, take a look around your house. The results might surprise you.
Sprucing up your walls brings back a certain color and gives the room a better feel. It’s guaranteed to improve home value and doesn’t set you back much at all.