Increasing the value of a home through strategic home upgrades has many benefits. Whether it’s to get top dollar when selling or to build equity, it’s all attainable. However, it can be challenging to know what upgrades are worth the investment. Here are five upgrades that are likely to increase your home’s value.
1. Smart Home Appliances
Easing a buyer’s mind through smart appliances is a great way to boost a home’s value. Many homebuyers prefer to have smart home products preinstalled before buying a home. These range from smart thermostats to smart fire detectors, smart carbon monoxide detectors, smart cameras, locks, and intelligent lighting systems.
2. Energy-Saving Options
Energy-saving features can have a significant impact on a home’s value. Besides this, an energy-efficient home saves on utility bills, all while helping the environment. So, which energy efficiencies should a homeowner focus on to build home value? First, schedule an assessment with a certified energy auditor or utility company to determine which upgrades will save money. They are many ways to increase a home’s energy efficiency. These include:
- Installing storm windows
- Adding insulation
- Installing a tankless water heater
- Adding low-flow plumbing fixtures
- Installing solar panels
- Landscaping for energy conservation
3. Replace Carpet Flooring
Flooring is one of those things homeowners can easily overlook. Buyers often walk away from homes with uninspiring flooring the same way they walk away from ill-maintained homes. It’s no surprise that hardwood flooring has been a top choice in the real estate market. So, if a home has carpet flooring that has seen better days, you may want to rip it out. The hardwood floor underneath can benefit from a little work before putting down a new carpet. This not only increases the home’s value but also maintains the home’s indoor air quality and comfort.
4. Renovate the Kitchen
If the kitchen looks plain old, with dings, chips, and stains on the countertops, an upgrade is necessary. Replace laminate countertops with granite and outdated appliances with modern stainless steel varieties. Stainless steel appliances are typically viewed as higher-end.
If the kitchen cabinets aren’t in good condition, make them appear new by applying cabinet paint. Also, consider replacing the hinges and handles or changing the cabinet doors entirely. Such small changes can significantly increase the value of a home.
5. Update Bathroom
Experts across the board agree that bathroom renovations are great value boosters. Ultimately, buyers want to feel excited about a prospective home, and details like bath vanities can make a difference. Simple home upgrades like faucets replacements, changing the lights and cabinet hardware can improve the cosmetic aspects of the room.
Replacing the bathroom flooring can also dramatically improve its look. Soaking tubs are still a valuable option if there’s space. In addition to bathroom renovation, a homeowner can add a brand new bathroom, depending on the house. A new bathroom helps inspire offers on a home.
Before a home upgrade, determine what types of renovations are going to provide the most added value. For those looking for a quality custom home in the Dallas/Ft. Worth Metroplex, look no further. Grand Homes has the perfect home, built to suit your needs and lifestyle. Contact us today.