5 Easy Ways to Increase the Value of Your Home

Are you dreaming up all kinds of renovation projects for your home? Well, one thing’s for sure—you must consult your wallet first. There are projects that are going to cost you a lot more than others, and if you pick the wrong ones, you won’t be able to recoup most of the money when you sell your home. If you’re planning to sell in a few months or years, it’s important that you make improvements in the most obvious places. Buyers want to see that the HVAC system is fully functional, for instance. Let’s take a look at a few easy renovations that can considerably boost the value of your house:

Upgrade your kitchen

Keep in mind that the kitchen in the hub of your home, so remodeling it isn’t just about increasing resale value. Many homeowners who have upgraded their kitchens report satisfaction and a greater desire to stay at home. But you don’t need to do one of those full kitchen makeovers you’ll see on Pinterest. What you need instead is a bit of remodeling to give the kitchen a facelift. For example, instead of replacing your cabinets, you can reface them to improve their look.

With just enough paint and some shiny new drawer pulls, you can get your cabinets to dazzle without having to break the bank. A DIY project of this kind shouldn’t cost much—about $200, and the value you stand to recoup will be many times over. Check out DIY Luke for more cool DIY tips for your home remodeling projects.

Replace the front door

Your good old front door lets in you and your guests day in, day out, so it’s likely to get worn out quickly. Replacing it with a steel door is one of the smartest renovation decisions you can make. This is because a steel door not only adds value to your home’s resale price, but also provides better security. According to a 2015 report by Remodeling magazine, a steel entry door often pays back more than your investment, as your home will be seen to be of a much higher value. If you want to create curb appeal, tighten security, and boost your home’s resale value, replacing your wood door with a steel door is the way to go.

Paint interiors and exteriors

Painting is one of the most important things you must do to give your home a facelift and raise its value. And not only is it easy to do, but also inexpensive. A fresh coat of paint will freshen up the smell and look of your home and provide great bang for your buck. If your house has a somewhat stale smell, you can take it away with an eco-friendly paint—there are many reasonably-priced options to choose from in the market.

If you’re prepping your home for sale, it’s best to go with neutral colors. You may also consult with a color specialist if you need help choosing your colors. If you personalize the house too much with your own color preferences, the future buyer may not be able to picture their stuff in there, and therefore not quite like it. Also consider hiring someone to paint if you find your painting skills wanting.

Replace the garage door

Just like it is with replacing the front door of your house, at a relatively low cost, you can greatly enhance your home’s curb appeal with a new garage door. When it comes to choosing the right door, you’ll find tons of options, from embossed steel made to look like wood to factory finish colors. The Remodeling Impact Report by the National Association of Realtors says that you can expect to recoup up to 87% on this investment when you sell your home.

Add a deck

Nothing beats relaxing on your deck in the hot summer weather. If your home does not already have a deck, you’d do well to build one now. The average ROI you should expect to recoup by adding a deck to your home is about 76%. Make sure, however, that you build a deck that’s just the right size for your house. It should ideally be about a third the size of the house. A standard deck will set you back in the region of about $10,000, but can add massive appeal to your home when you decide to sell it.