One of the best investments anyone canmake is purchasing real estate. The value of the real estate propertywill inevitably increase over time through the market. Speak withthose from the Baby Boomer generation and you’ll hear plenty ofstories about how they purchased a house for $40,000 and now theirhouse is worth $400,000.
Many of these people simply lived intheir house, kept it well-maintained, and some made renovations.
When it comes to renovations, they’renot only providing something useful for you but they’re alsoincreasing your home’s value. Some of these renovations will putyour DIY skills to the test while others requireprofessionals.
Check out some of the following homerenovations that can make you money.
Remodeling the Bathroom
If you’ve been researching which partof your house to remodel, you’ve probably come across the oldsaying that bathrooms and kitchens sell houses.
It’s an old adage for a reason.
Remodeling the bathroom is guaranteedto increase your home’s value, especially if you go aboutremodeling the master bathroom.
It’s always a good idea to stick withneutral, 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 returnson your investment.
Here, it’s all about curb appeal.Look to go with a fancy wooden style door or include windows on thedoor, as those perform better than garage doors without windows.
While installing hardwood floors can be an expensive project, it’s totally worth it forimproving your home’s value.
It’s important to remember thatengineered products aren’t as sturdy, nor do they look as good, asthe real deal.
Not only that, they are much easier toclean than carpeted floors and don’t hold in any smells or stains.
A Wooden Deck
Decks are great, aren’t they? They’reperfect for a summer barbeque, backyard party, or simply a place tosit in the sun and catch up on your favorite book.
It’s the ideal spot for entertainmentand hosting but can be expensive and tricky to install depending onthe layout of your home. But, they are so worth it for theentertainment value and increase in home value.
Wooden decks provide the most valuesimply because they look better and are more sturdy than vinyl orcomposite 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 pastyear is adding as much natural light to a house as possible. This mayrequire replacing new windows or installing some in new places.
Windows come with a whole range ofbenefits. Not only will the new windows provide a better look,improving your curb appeal, but they’ll also make sure to keep yourenergy costs low.
In turn, you’ll be saving your moneyin the short term while also increasing your home’s value in thelong run.
While this isn’t a renovation thatyou can see right away, upgrading your insulation has similar effectsto upgrading your windows.
Simply put, homes with poor insulationcost more to live in and are more expensive to maintain. The bestpart is that insulation is pretty expensive and the savings can behuge. Your utility bill will be quite thankful.
You don’t have to keep the insulationin the attic as there are plenty of places around the house thatprobably have a few leaks. While small, multiple holes and cracks canquickly add up.
Make sure you get them covered to saveyou money now and increase home value over time.
A Fresh Coat of Paint
If you’ve been searching for aproject you could tackle on your own, then we’ve finally arrived!
Giving your home a fresh makeover isone of the easiest and cheapest options on this list. Inside wallscan 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 acertain color and gives the room a better feel. It’s guaranteed toimprove home value and doesn’t set you back much at all.