Homes aren’t just a place to live, they’re also a huge investment. The average person selling their home in 2018 made a profit of around $55,000.
They did this by keeping up on their properties and making key home upgrades. But, what home upgrades increase value exactly? Keep reading below to learn three things you can do to make a bigger profit on your home.
Photo by Dmitry Zvolskiy
Wondering What Home Upgrades Increase Value? Start With Flooring
Upgrading your flooring changes the entire look of your home. New flooring also increases your property value.
When selecting the right flooring for your home, consider budget, whether you live in a cold or wet climate, overall aesthetic, and how much maintenance is required for a specific material.
As a homeowner, you have multiple flooring options:
- Engineered hardwood
Each type of flooring comes with its own pros and cons. You’ll want to do your research and speak to some professionals before getting anything installed.
Schedule a Kitchen Renovation To Boost Home Value
Kitchens are one of the first things people look at when purchasing a home. For this reason, you should consider a full renovation or partial remodeling to increase your property value.
Working on your kitchen can get expensive but it’ll pay off in the end. Invest in quality stone countertops like quartz or lava stone. You should also splurge on cabinets and fixtures. And, finally, purchase high-end appliances that complement the new look of your kitchen.
While you’re redoing the kitchen, you should also consider installing a water softener. It’s a good selling point and has other benefits including better-tasting water, cleaner laundry, and fewer clogs.
Reach out to a professional contractor to get started.
Protect Your Home & Save Energy Costs With a Roof Replacement
One of the biggest costs in real estate deals is dealing with damaged or worn roofs. They often factor into negotiations between sellers and buyers. A new roof can also increase your home value.
How do you know when it’s time to replace your roof? Your first step should be looking at your home records and finding out when the existing roof was put in. Depending on the materials used, a roof could last between 20 to 25 years.
You can tell if your roof needs to be replaced by checking the state of the shingles, the flashing around seals, whether there is any sagging, and if moss or other fungi is growing in shaded spots.
Besides protecting your home from moisture and mold, a new roof will also save you hundreds of dollars in energy costs.
Start Upgrading Your Home Today!
After reading this article you should know what home upgrades increase value. They are big investments but will boost your home value by thousands or tens of thousands of dollars. Just make sure to do your research ahead of time and hire a licensed contractor.
Want to learn more about repairing or remodeling your home? Check out the rest of our site for the latest construction and design trends.