If you live in a desirable part of the country, there’s a good chance that the selling price of houses in your area has increased dramatically in the last two years. If you plan on selling your home in the future, there are many things that you can do that will increase the value of your space for potential buyers.

How Do I Choose My Next Home Improvement Project?

When choosing which project you want to do on your home, it is important that you consider options that will increase the value of your space. In order to do so, you need to consider projects that add luxury, functionality, and style to your space. These types of home investments tend to have the most positive effect on property values. In addition, you want to make changes that are not too extravagant and bold, as you may be making the space polarizing to potential buyers.

When choosing a home renovation, make sure that you have set a budget that is attainable. This way, you avoid the possibility of going over budget and suspending your home’s purchasing power. If a project is too large for your set budget, consider multiple smaller projects that can be done within a shorter period of time.

Repair or Remove Unsightly Concrete

If you have an unsightly concrete driveway, patio, sidewalk, or exterior steps, consider having it removed and replaced with a more attractive surface such as grass or paving stones. A well-maintained home is more valuable than one that has peeling, cracked, and uneven surfaces. It is important that your property has curb appeal and looks desirable to buyers as they pass by.

Paint the Interior and Exterior Walls

Painting the interior and exterior of your home is often one of the quickest home improvement options that can be completed. Once the home exterior is painted, homeowners can expect to see about an 8% increase in property value. When choosing the rooms you want to paint, consider starting with the most used areas. In many cases, this includes your living room, master bedroom, and kitchen.

When painting the interior of a home, homeowners should focus on neutral colors. Avoid using dark or very bright hues, as they tend to have a negative effect on home values. Consider having color consultants provide recommendations for paint colors that would work best with your home’s design and decorating style. If your exterior walls are dingy, consider adding a fresh coat of paint to brighten the exterior.

Unfortunately, exterior painting is difficult to do by yourself. Hire a professional painting service that is knowledgeable like https://paysonspainting.ca/ceiling-painters-calgary/ on the colors and techniques that will look best on your exterior walls. Some colors that are in high demand this year include grays, white and natural-looking hues.

If the color of your new walls is being placed in rooms that have worn-out carpeting or hardwood floors, consider replacing your flooring as well. Changing the type of flooring in space can increase the overall value immediately.

Revamp Your Appliances

Buyers are typically interested in the conditions of household appliances. In general, homeowners can expect a 3% to 6% increase in home value after upgrading to more desirable appliances. If you have been living with dated or second-hand appliances, consider having them upgraded. In addition, you will benefit from getting to use new appliances during the remainder of your time in the space. Some of the appliances that are most appealing to new buyers include stainless-steel refrigerators, stoves, and microwaves.

Work On Your Landscape

To increase the curb appeal of your home, consider adding new plants and flowers to your landscaping design. In addition, make clear and crisp lines in the yard that help buyers understand how to use the space effectively. Take time to ensure that the property’s landscape is divided up into garden areas and walking paths throughout the yard.

A New Roof

When it comes to exterior factors, a roof is one of the most important investments you can make. In fact, buyers tend to place a high value on roofs that have been recently replaced or repaired. Knowing that this could be a big expense in the future, individuals are hesitant to purchase a property with an old roof. If your house has not undergone a roof replacement in the past 15 years, consider adding this project to your improvement list. The cost of a new roof typically ranges from $10,000 to $30,000 and could add about a 2% to 6% increase in overall value.

Renovate the Master Bathroom

A master bathroom is an important upgrade. This space is often one of the major selling points for families or young couples, and a renovation can increase home value by 5% to 15%. One of the main reasons why buyers are interested in this upgrade is because they are looking for luxurious features that will benefit them. If you haven’t updated this home area in years, consider doing so. By making this small upgrade, potential homebuyers will be excited about moving into your space.

Increase Storage Space

If you have a home with a limited amount of storage space, buyers are going to notice it quickly. In order to increase the property value, consider installing additional storage options throughout the area. If there is a basement space, consider adding cabinets and bins that can keep things organized in that space.

Invest In Your Basement or Garage

For purchasers interested in your property, an unfinished basement or garage space can be a drawback. Not only do these areas take away from the living space of the home, they also represent wasted real estate that could potentially increase the overall value of the property. To improve this area and appeal to potential buyers, consider adding finished flooring, drywall, and a new ceiling. In addition, consider providing a few built-in cabinets and a new washroom area.

Summary

Home improvement projects are often time-consuming and expensive. However, you can greatly increase the property value of your house by completing these tasks. By making necessary and desirable upgrades, you are more likely to sell your house for a higher value. Depending on the project, you can complete tasks yourself or hire a contracted professional.