Top 7 Home Upgrades That Pay Off

01 Feb Top 7 Home Upgrades That Pay Off

By: Derek Dawson

Whether you are looking to move to a new house or increase the comfort of your current residence, updating your home is an excellent idea. There are simple and effective ways in which you can redecorate your living space that will pay off regardless of your plans for the future.

In this short guide, Derek from DawsonPropertyManagement.com shares with you seven home improvements that will see you reap the benefits of a considerably more comfortable house with an exponential increase in property value. Here are a few home updates that you will not regret.

Spruce up the kitchen

Most homeowners often renovate their kitchens first. Even new owners choose to invest a large part of their budgets into overhauling the kitchen area. The kitchen is always called as the heart of the house and there is something very special about this room. Homeowners want to update this space with a personal touch and turn it into a familiar space.

A newly-renovated kitchen will impress potential buyers in case you are looking to sell the house. It shows them that they will not have to rebuild its appearance from scratch. Consider investing in new appliances, cupboards and granite countertops to enhance the modern appeal of your cooking area.  

Renovate the bathroom

Remodeling your bathroom should pay off considerably in the long run. This area plays a deciding role in home sales everywhere. People look for exquisite comfort and convenient amenities that will improve the quality of the time they spend in there. Consider replacing mirrors, fixtures, and even the tub to enhance your bathroom’s appeal and subsequently increase property value.

Increase closet space

If you are looking for another home update that will impress potential buyers, you should consider increasing the closet space. These days, people look to having as much storage area for their clothes and footwear as they can. Try upgrading your closets by removing doors or taking out a side wall and transforming the entire room into a walk-in closet.

Change interior colors

A fresh coat of paint does wonders for any home. This holds true especially if you plan your colors well. Painting your home, or even select rooms in the house will be a refreshing upgrade to the space. If you’re putting it up for sale before the paint dries out, you can ask for a higher selling price since the new owner will not have to deal with sunlight discolored walls. 

In both situations, you should opt for light colors to create the illusion of a bigger space and make the rooms seem larger than they are. Also, make sure that the paint on the walls complements the color of the doors, the windows and the furniture. 

Update the plumbing system

Poor maintenance of your home’s plumbing system can spell trouble for your property. A leaky pipe or a faulty duct can create severe damage and flood, particularly in areas of your house like the basement or the bathroom.

If you live in an old house and are planning to sell it, you should at least perform a thorough checkup of the plumbing system. Repairing any issues will increase property value. Also, if you choose to sell the house as it is, you need to inform the future owner in the seller’s disclosure.

Your best option is to update the plumbing system and replace all the old materials, pipes and water lines that could pose a risk of breakage or damage. Even if you decide to continue living there, you will benefit from a newly enhanced and secure plumbing structure.

Spruce up the exterior

After updating the interior of your home, you can also focus on the exterior. A few cosmetic upgrades can increase your property’s value and can also make you feel better about the house you live in.

You do not need to burn a crater-size hole in your budget to rehabilitate the exterior of your home. Instead, you can opt for practical and cost-effective solutions like painting the front door and the fence. Consider updating your landscaping by incorporating fresh plants and shrubs. 

Improve energy efficiency

Having an energy efficient home is the latest trend among homeowners today. Though this upgrade is not the most obvious, it has a real potential of enhancing the value of your home while reducing energy costs.

To improve the energy efficiency of your home, you should consider upgrading your heating, ventilation and air condition (HVAC) system, as well as your water heaters. Investing in economical solutions for heating and ventilation can provide a reliable return of your investment in the long run. Additionally, you should consider replacing the old, small windows with large onesto increase insulation and natural light.