When you’re considering your next home improvement project, you simply must consider the potential return on your investment. Improvements on your home mean an improvement in the worth.
Boosting your home’s equity promises that you’ll have more to work with when it’s time to move on to a new place. Check out a quick look into some of the best home improvement projects to build equity in your property, and come out on top when you decide to sell.
Adding a privacy fence
Everyone loves a great outdoor space, and a great outdoor space is complemented by a gorgeous privacy fence. Take your energy out on crafting a fence that will serve the whole family. Let your pets run free, knowing that they’ll be safe, and provide a safe spot for the kids to play.
Installing energy efficient appliances
You’ll always win when you install energy efficient appliances anywhere in your home. The kitchen is the most lucrative spot for this particular upgrade.
Make sure you get products marked with the Energy Star energy efficiency ratings, and don’t miss out on tax benefits offered for the upgrade either.
Finish the attic or basement
Adding usable floor space to your home will always add value. Your home’s equity will flourish if you finish the attic or basement. A floor plan with three bedrooms, as opposed to two bedrooms, will always go for more on the market.
Upgrade your bathroom
You and your family spend more time in the bathroom than you probably realize. Bathroom upgrades are one of the most lucrative investments for homeowners. Consider a minor bathroom remodel, and you could possibly recoup 100 percent of the costs in equity.
Energy efficient windows/doors
The energy efficiency rating of a home is extremely influential when considering the worth of a property. Upgrading your windows and doors to a more energy efficient solution will save you money while you’re occupying the house, and make you more money when you choose to sell it.
Adding SMART features
Technology is a large part of life today, and your home will be more valuable on the market with SMART features available for listing. People love the bells and whistles. Adding tech upgrades will give you a chance to enjoy the features before you ever pass the property on to the next owners.
Update/add a garage
You’ll recoup a large portion of your financial investment by adding a garage space to your property. If your home already have a garage, you can upgrade it for an equity booster. Start by installing a new garage door, and be sure to research the best options for garage security along the way.