7 of the Best Home Improvement Return on Investment Projects
Renovations are an essential aspect of selling your home. They not only make your home appealing but also increase its market value. However, most homeowners are afraid to conduct renovations since they do not think they will recoup their investment.
So how do you ensure that the renovation work increases the value of your home? Below are some of the best home improvement return on investment projects.
1. The Kitchen
The kitchen should be spacious, well organized, and have a sufficient working area. Consider installing kitchen cabinets to provide storage space for kitchen utensils.
There are a variety of cost-effective kitchen counters. For example, you can purchase ceramic tiles or tile granite as opposed to the more costly slab granite. These materials will give your kitchen counters an appealing look.
Paint the kitchen walls with light colors. Additionally, improve the kitchen lighting with energy efficient LED bulbs. If your kitchen floor is in a deplorable state, consider ceramic, vinyl, or plastic laminated floor tiles.
The bathroom is a personal area. Therefore, potential customers may show little interest in buying a house with poorly kept bathrooms.
Clean your bathroom tiles and replace those that are broken. If you would want to repaint the bathroom walls, use a primer to prevent the paint from chipping due to humid conditions.
Cabinets and drawers provide storage space for personal effects such as towels, soaps, and combs. If you have a small bathroom, install the cabinets outside the bathroom. A mirror could also be an excellent addition.
Inspect your sewer system for blockages and leaks. Empty your septic tank if it is full.
3. Living Area
The living area is one of the most scrutinized rooms by potential buyers. It is where the family spends time and hosts guests.
Reorganize the living room to ensure maximum penetration of light. Repaint the room with warm complementing colors to improve its appeal. Alternatively, you can take advantage of wallpapers as they come in different designs.
Consider vinyl or wood laminate for your floors. The main advantage of these materials is that they are cheap and easy to install. Besides, they come in a wide variety of patterns.
Accessorize your living room with paintings and live plants to give it a classy feeling. Use picture lights to highlight these accessories at night. A plastic chandelier will not only make the room elegant but will also provide sufficient light at night.
Siding installation is a good way to restore your home’s exterior. Vinyl siding is cheaper compared to concrete or cedar siding.
Your landscape is the first impression of your home. The best thing about landscape renovations is that you can do them by yourself.
Choose a grass that is suitable for your climate. Bermuda and Zoysia grass will do well in warm temperatures while Ryegrass is perfect for cold temperatures. Some grasses such as Kentucky Bluegrass have excellent self-repair properties while Buffalo grass is considered low maintenance.
Plant a mixture of shrubs and flowers to make your garden attractive. Use live fences to demarcate various sections of your compound. Asphalt, concrete, and aggregated concrete are excellent materials for your driveway.
Garden installations such as patios, decks, and gazebos are an ideal place to hold family gatherings. With a limited budget, you may have to choose one installation over the other. Plant vines around gazebos to improve their appearance.
Install spotlights to highlight features such as paths and steps in your garden. You may also choose to light up some of the trees in your garden.
5. Energy Efficiency
Most buyers today would want to buy an energy efficient home. Simple ideas such as installing window blinds or awnings can go a long way in cutting air conditioning costs. You may also choose to tint some of your windows to prevent the sun’s rays from getting into your house.
Strategically plant trees near windows to provide shade inside the house during warm weather. A deciduous tree would be your best bet as it would let in the sun’s rays during winter.
Bedroom wardrobes should have adequate storage space. You will have to be creative if you have small closets. For example, you could install drawers under the bed or cabinets on one side of the wall.
A fresh coat of paint will give the bedrooms a new look. Avoid dark colors at all costs.
Most buyers will be interested in the master bedroom. Consider bedroom accessories such as a rug, bedside lamp, artificial flowers, and a wall clock.
7. Pest Control
When was the last time your home had a pest inspection? Pests such as cockroaches and termites will reduce the buyer’s interest in your home. Call a licensed exterminator to advise on the presence of pests in your home.
There are various DIY pest control measures you can take to make your home pest free. For example, destroying termite mud tubes, clearing bushes, and sealing leaking roofs can help eliminate termites in your home. Spray insecticides or use termite bails to kill the pests.
Keeping your house tidy will help control mice and cockroaches. Cockroach gel and chalk will eliminate roaches hiding in drawers and cabinets. Use traps and rodenticides to get rid of mice in your home.
Secrets to Home Improvement Return on Investment Projects
A successful home ROI is dependent on your budget and the current state of your home. Preferably, the projects should commence at least six months before you put your house on the market. In such a way, you will have adequate time to convert your home to the buyer’s dream house.
Conduct some research on the pricing of various materials in your locality. Save on costs by conducting the renovations yourself. For example, you could choose to paint and landscape your home.
If you do not have adequate finances, take out a home improvement loan.
Be Smart! Engage the Professionals
Talk to your real estate agent or property lawyer to get more information on what buyers are looking for in a home. Do not attempt to start a home improvement return on investment project without adequate financing. Also, complicated works are best handled by professionals.
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