5 Projects to Raise the Value of Your Home

Wanting to improve the value of their home is a common goal for many homeowners. Whether you’re looking to raise the value because you want to sell now or you just want to maximize your eventual profits, there are plenty of ways you can improve your home value. Below are 5 projects to consider that can help you get more for your home. Something you may want to consider is cash for houses Florida.

Remodel the Kitchen or Bathroom

One of the first things potential home buyers look at when exploring a home is the state of the kitchen and bathrooms. If a kitchen or bathroom is out of date, the potential buyer knows they’ll likely need to put their own money into the home to upgrade them. This will cause them to want to spend less on the house, lowering your maximum profits. To fix this, consider drawing up plans for a kitchen refit or look into contacting a bathroom remodeler in Orlando, FL (or one elsewhere more relevant for you).

The extent of remodels can vary. You may just need to reface your cabinets or add some new tiles to your bathroom floor. In other cases, you’ll need all new appliances, a fresh coat of paint, new countertops, and more. Talk to a contractor in your area to see what they recommend for your home and get an estimate as to what it would cost.

Replace the Roof

Most roofs are built to last for a few decades. Therefore, depending on the age of your home or the current roof, it could be almost time for a new one. Replacing the roof is a major job and if your home is due for a new roof soon, it may turn off potential buyers. On the other hand, a home with a new roof is seen as a commodity and may encourage someone to buy your home for a larger amount.

According to St. Joseph’s Roofing, a roofing contractor in Northern VA, “replacing your roof is a great investment if you’re looking to raise the value of your home. Not only that, but you’ll be better protected against bad weather until whenever you sell the home.” Talk to a roofing contractor in your area to have them inspect the current state of your roof and give you an estimate as to what it would cost for a replacement.

Install New Equipment

Homes rely on some major equipment to operate. Some possible equipment your home might have includes a furnace, a central air system, a sump pump, a septic tank, and a hot water tank. If your home uses any major equipment, and this equipment is on the older side, you can consider replacing it before you sell the home. Buyers value homes with newer equipment as it is less likely to break down after they move in. This is crucial if you have major attractions like a pool in your home. which is why it's important to work closely with custom pool builders to ensure all the right equipment is used! 

Get an estimate as to what it would cost to replace certain equipment within your home then decide if this cost is lower than the expected increase in value. If you’re planning on selling your home in the near future, it may not make financial sense to replace the equipment. However, if you’re just looking to raise the value for the long term, replacing your equipment now can protect you in the future and make it less likely that the equipment fails right before you’re about to sell.

Redo the Floors

For a more affordable project, consider simply replacing some of your floors. Many buyers these days are looking for homes with hardwood floors rather than carpeting. This is because hardwood is easier to clean and makes the home look more modern. If you have carpeting in some of your rooms, consider replacing it with hardwood. You may even have hardwood floors underneath the carpeting already, which means you’d only need to resurface the existing wood for an improved home value. This is one of the hardest home renovations to DIY successfully, however, so make sure to hire qualified contractors to ensure a smooth, even surface on your new floors.

Fix Up the Yard

Finally, when looking to improve your home value, don’t forget about the exterior. Improving your outdoor space is often a great way to raise the value of your home. For example, you can add in a patio, expand your deck, or remove some trees to make your yard bigger. There are plenty of projects you can do, from small to large, that can help make your yard a more inviting and appealing place. Take some time to spruce up your yard, then when it comes time to sell, be sure to include some pictures of your freshly improved outdoor space.

Get Started on Home Improvement Projects Today

Improving your home takes time and money but it’s often worth it. If you’re interested in improving the value of your home, you can get started today by exploring what options are available to you. Pick out one or two projects to start, then continue to improve over time. By doing so you’ll continually raise the value of your home, helping you to get more for it when it comes time to sell.

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