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Improving Your Home And Its Value

Improving Your Home And Its Value

As a financially savvy homeowner, you probably see your home as not only where you live, but also as your biggest investment and asset. Keeping up with repairs and making smart improvements are proven ways to maintain or increase your house’s value over time, as well as assuring you will be more than happy in your home. From simple energy efficiency or technology updates to full kitchen remodels, we’ve pulled together some of the most common home improvements that could make your home more comfortable and increase the value.

Making a decision about where you want to invest in your home can be challenging. Keep in mind that while you’re adding value to your home, you’re not likely to recoup the full cost of any home project. Be sure to consider how long you plan to stay in your home, especially if you’re looking at expensive updates that add little value to your home. For example, a modest kitchen remodel will typically add significant value while a new swimming pool may not.

Eco-Friendly Energy Efficient Upgrades

One way to increase the value in your home is by making Energy-Star rated updates. These upgrades can make your home more comfortable and may significantly reduce your utility bills:

Windows
Appliances
Lighting
Insulation
Heating and Cooling

Smart Home Features

Adding updated technology can add to the energy efficiency, convenience or security of your home. Some common smart technology updates include:

Thermostats, HVAC fan or vent system
Fire/carbon monoxide detectors and flood/freeze sensors
Outdoor watering systems
Security locks, cameras, lights or alarm systems

Minor Remodels

When it comes to remodeling, a modest update in a few key areas of the home are more likely to add the most value. Some of the most common rooms to focus on are:

Kitchen: Refacing cabinets and replacing hardware, new countertops and sink, new or refinished flooring, fresh paint
Bathroom: Refresh cabinets, countertops and sinks, replace old or outdated fixtures and flooring
Finish Basement: Finishing a basement is a great way to add usable square footage to your home at a lower cost than additions.
Home Office: Try to carve out a little space for a small home office or work area

Exterior Refresh

Another key part of the home that is well worth investing in is your exterior. A few simple exterior updates will give you an outdoor space you’ll love and help make a great first impression.