Thinking about upgrading your property in the new year? Since the housing market is expected to remain competitive, it’s more important than ever to consider improvements.
Here’s a polished list of home improvement tips that can increase both the enjoyment of your space and its value on the market:
1. Revamp Your Kitchen
A well-designed kitchen is consistently a top choice for boosting home value. In fact, kitchen upgrades can yield a 70 to 80% return on investment when it’s time to sell. For maximum impact, consider replacing outdated countertops with quartz or granite, updating appliances, and refacing cabinetry. Even small enhancements like adding a modern backsplash can create a fresh look that attracts buyers.
2. Renovate Bathrooms
Buyers love remodeled bathrooms! If you opt for a full renovation, think about incorporating current trends such as spa-like walk-in showers and luxurious finishes. For budget-friendly updates, swap out faucet fixtures, re-tile the shower, or install new lighting for an instant refresh.
3. Update Flooring
Old flooring can be an instant turnoff. Replacing outdated carpet or tile with hardwood, engineered wood, or luxury vinyl plank can bring a clean, modern look to your space. Look for durable, low-maintenance options in neutral tones that appeal to a wide range of buyers.
4. Extend Living Space With Outdoor Amenities
Outdoor living is more popular than ever. Adding a patio or deck can make your home feel larger by extending your living space outdoors. Extras like built-in grills, fire pits, pergolas, or even a full outdoor kitchen add high appeal and can set your property apart.
5. Get Smart With New Technology
Smart home technology is now more accessible and affordable than ever. Tech-savvy upgrades like programmable thermostats, smart lighting, video doorbells, and security systems can add value and convenience, making your home both more comfortable and more marketable.
6. Invest in Energy Efficiency
Energy-efficient upgrades not only make your home greener but also reduce utility costs. Consider upgrading to Energy Star® appliances, improving insulation, installing solar panels, or replacing old windows to keep energy costs down while enhancing your home’s appeal.
7. Modernize Your Lighting
Good lighting makes a difference in both ambiance and function. Updating old fixtures with options like recessed lighting, dimmable switches, and pendant lights can create a welcoming vibe. Consider adding a statement piece above an island or in the main living area for extra impact.
Whether you’re preparing to sell or just want to enjoy a more modern and efficient home, these practical updates will help keep your property marketable. For more advice on increasing your home’s value, connect with a trusted real estate professional.