Major Home Improvements to Undertake to Increase Property Value


Whether you're a landlord or occupy your own property, it's recommended that you improve your home from time to time. The specific steps you take in this endeavor will depend on what needs fixing or enhancing your property. Here are the best ways to dramatically increase your property value by renovating your home or apartment.


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Kitchen Remodels

Whether it's a major or minor upgrade, a kitchen remodel is an excellent way to increase your home's value. On average, you are looking at a return of anywhere from 53% to 73% depending on the type of materials, style, and type of renovation you choose.

Minor kitchen upgrades can range from refinishing cabinets to replacing the old faucets. A major kitchen upgrade includes the installation of wood, lamination, or tile flooring.

You must prepare a budget before deciding on a kitchen remodel project. It will narrow down your options, and help you decide whether it's worth going with a major or minor kitchen upgrade.


Smart-Home Automation

The smart home market is booming, and with good reason: it's convenient and easy to use. But there are many other benefits to having a smart home beyond convenience. Here are a couple of them.

  • Smart-home systems can keep track of energy usage and help reduce costs. They can also alert you when something needs attention or repair in your home, so you can take care of it before it becomes an expensive problem.
  • Smart thermostats and lighting systems can save money on utilities by adjusting temperatures and lighting schedules automatically based on occupancy patterns and electricity demand - all this without having to rely on manual adjustments from the homeowner.

A study conducted by Consumer Reports in 2016 estimated that smart home automation can increase the value of your property by 3% to 5%!


Add a New Roof or Patch the Old One

No one likes a leaky roof, and if there are any visible signs of water damage in your roofing system, it can tank your property's value fast! The project's cost depends on roof size and is specific to each home. However, no matter how significant the damage is, a roof can be repaired in no time. Most roofing companies will require a day or two to complete the project.


Bathroom Remodels

Bathroom remodeling is one of the most popular and cost-effective ways to add value to your home. For those planning to sell their home in the next year or two, it makes sense to consider how much your bathroom could be worth in terms of future resale value.

Home buyers are looking for a great deal on their next home, but they also want it to feel like home. A new bathroom can help make that happen by creating a more comfortable and inviting space that will make them want to stay put. Here are some ways that you can increase resale value with an attractive bathroom renovation:

  • A new shower will give buyers peace of mind regarding water pressure and temperature control. They'll also appreciate having a shower with multiple heads or other features that make bathing more enjoyable.
  • A new vanity gives buyers more storage space for personal care items like makeup and hair dryers - something they'll likely appreciate when moving into a smaller space. A marble countertop adds an elegant touch that will impress potential buyers and guests who come over for dinner parties or family visits.


Upgrade Interior Design

You can transform the look and feel of your property by making a few simple changes to the interior design. Good interior design will increase its value even if you rent your property. Here are some ways that interior design can help.


Add Value

The value of a property is often determined by its condition and location. By improving the condition of your home, you can raise its value. To do this, you must ensure that all rooms are clean, tidy, and well maintained.

You should also consider decorating your home in an attractive way that complements the furniture and fixtures. Failing to do so can mean having to spend money on repairs that could have been avoided had you simply made minor changes.


Make Your Home More Comfortable

Good interior design makes a property more comfortable for both owners and tenants alike. This can be achieved by adding features such as air conditioning systems, heating systems, lighting fixtures, and other amenities that improve the quality of life for people living in the house or apartment building.


Major home improvements can be challenging to prioritize, and budget for, which is why choosing the ones that provide the most significant return is crucial. If you plan to sell your home later in life, consider focusing on remodels and renovations to boost your property's value. Decide on a budget, hire a contractor and prepare your property for renovations!

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