Recent research shows that Americans' expenditure on home repairs and improvements could reach $430 billion by the end of 2022. If you're planning to sell your home someday, you might be thinking about which home upgrades to prioritize.
It's no secret that upgrading your home can be a great way to increase its value. However, not all upgrades are created equal. Some upgrades will add more value to your home than others.
The best thing is to be strategic about which ones you choose to make. This means understanding how to increase home value or what increases home value.
Keep reading as we look at some home upgrades that will offer the best return on your investment.
Adding a Home Office
With more and more people working from home, the home office has become an increasingly important feature for buyers. Adding a home office is a great way to make your home more attractive to potential buyers.
This home upgrade will be especially vital if your home is in a market where more buyers are looking for properties that can accommodate remote work.
Don't worry if you're unsure of how to incorporate a home office. There are plenty of ways to do it without breaking the bank. One option is to convert an existing room, such as a guest bedroom, into a home office.
If you have more money to spend on home remodeling, you can add an accessory dwelling unit (ADU). An ADU is a small living space attached to your home that you can use as a home office. However, this home upgrade can be expensive and may not suit everyone.
Updating Your Kitchen
The kitchen is often referred to as the "heart of the home," and it's easy to see why. This is one of the most used rooms in your home, so it's critical that you enjoy spending time there.
If your kitchen is outdated, updating it can be a great way to add value to your home. When planning a kitchen update, focus on creating a functional and stylish space.
One way to do this is by installing new countertops. Granite and quartz countertops are always popular choices, but there are several other options to choose from.
You can also plan for new appliances during your home renovation. Stainless steel appliances are a good choice if you're looking for something that is both stylish and easy to keep clean. You can also add value to your kitchen by updating the cabinets.
Updating Your Bathroom
Like the kitchen, the bathroom is another important room in your home. This is a space where you start and end your day, so you should ensure it's comfortable.
When updating your bathroom, focus on creating a functional space. Make sure the layout of your bathroom is efficient and that there is enough storage for all of your needs.
Remember to update the fixtures and finishes. These items include the sink, toilet, shower, and tub.
Don't forget about the little details. Adding new towels, rugs, and soap dispensers is a great way to give your bathroom an updated look.
Making Your Home Energy-Efficient
One of the best ways to add value to your home is by making it more energy-efficient. There are many ways to do this, but one of the most popular is installing solar panels.
Solar panels are a great way to reduce your energy bills and make your home more environmentally friendly. They can also be a selling point for buyers looking for an energy-efficient home.
Another way to make your home more energy-efficient is by installing energy-efficient windows. Windows are a great way to reduce heat loss in your home and keep your energy bills low.
You can also add value to your home by installing a new roof. A metal roof can be a great choice if you're looking for something durable and energy-efficient.
Making Your Home More Secure
Home security is always a top concern for buyers. If your home is not equipped with a security system, now is the time to install one.
You can also add value to your home by installing security cameras. This home upgrade will give buyers peace of mind knowing that their home is being monitored.
Another way to make your home more secure is by installing new locks on all your doors. These locks are an easy and inexpensive way to improve the security of your home.
You can also add value to your home by installing a fence. A fence is a great way to deter intruders and give you privacy.
Paint the Exterior of Your Home
One of the quickest and easiest ways to add value to your home is by giving it a fresh coat of paint. If your home's exterior is looking tired, a new coat of paint can make all the difference.
You don't have to strain yourself painting the entire home. You can touch up the areas with chips or flaking paint. You can also add a new coat of paint to the trim and shutters.
Remember that the wrong color scheme can be a deal-breaker during house staging. When painting the exterior of your home, focus on using a color that complements your home's style.
If you're not sure what color to paint your home, consider using a neutral color. You should also use high-quality paint that can withstand the elements.
Finishing Your Basement
If you've asked around about what increases home value, no one has probably told you about finishing your basement. A finished basement can be used as an extra bedroom, home office, or playroom.
It can also be a great selling point for buyers looking for additional living space. When planning a basement finish, focus on creating a functional and stylish space.
Remember to include plenty of storage space and ensure the layout is efficient. You should also install new flooring, paint the walls, and add new fixtures.
Updating Your Landscaping
Your landscaping is the first thing buyers will see when they pull up to your home. If your landscaping is overgrown or unkempt, it can be a turnoff for potential buyers.
You don't have to spend a lot of money to update your landscaping. Something as simple as trimming the hedges and pulling up weeds can make a big difference.
You can also add value to your home by planting new flowers and shrubs. Adding a few trees can also be a great way to improve your curb appeal.
Finally, don't forget to update your outdoor lighting. Outdoor lighting can make your home more inviting and increase its curb appeal.
Open Up Your Floor Plan
One of the latest trends in home design is open floor plans. Open floor plans create a sense of spaciousness and can make your home more inviting.
An open floor plan should be a priority because more homebuyers today prefer an open house layout. For example, 85% of homebuyers want an open arrangement between the dining room and kitchen.
When planning an open floor plan, focus on eliminating unnecessary walls. This will help to create a more open and airy feel. You should also focus on creating a cohesive design.
It would be best to consult an expert before making any structural changes to your home. An example is an exterior designer or a contractor. A professional can help you avoid any mistakes that could decrease the value of your home.
Add a Patio or Deck
If you have the space, adding a patio or deck can be a great way to add value to your home. A patio is a great place to entertain guests or relax after a long day.
A deck, on the other hand, is perfect for hosting barbecues or enjoying the outdoors.
When planning a patio or deck, focus on choosing low-maintenance and durable materials. You should also focus on creating a functional and stylish space.
Remember to include plenty of seating and make sure the layout is efficient. You should also add new furniture, lighting, and landscaping.
Ensure that the furniture aligns with your home's style. For example, if you have a rustic home style, you may want to consider adding wicker furniture.
Increase Your Home's Value with These Home Upgrades
If you're wondering which home upgrades will add the most value to your home, consider one or more of the options listed above. These are great ways to increase a home's value while making it more comfortable and inviting.
If the home you are selling already has these upgrades, your next worry should be how to ensure your home sells faster. For new and better resources for selling a home, look no further than Hommati.com. We have the best real estate visual services to make home selling a breeze.
Check out our services today to learn how we can help you.