There’s no denying that purchasing a new home is one of the most significant financial commitments an individual makes during their lifetime. As they live in their houses, most homeowners must perform regular maintenance tasks to keep their space safe and comfortable. Cleaning gutters, HVAC filters, and fixing plumbing issues are some of the best examples of house maintenance every homeowner needs to undergo. However, since, at times, homeowners live in their houses for a long time, they may invest in home improvements to increase the value of their property.
So, whether you are a house flipper, plan to sell your home soon, or desire to enhance your beloved abode by implementing home upgrades, some questions are bound to cross your mind. For example, you may wonder which home improvement projects will get you the best returns on investment. Getting an answer to this question is vital because, let’s face it, there are several strategies to get the best return on investment (ROI) on your home improvement projects. However, not all of them are equal. Only if you focus on the right ones – can you make a significant difference and wow your potential buyers.
Below, we will unveil the top six house upgrades that will deliver the highest ROI:
1. Remodel The Bathroom
The bathroom is often considered a sanctuary of relaxation and rejuvenation. A few upgrades and fixtures can instantly uplift its appeal.
Examine your bathroom and see places your eyes usually get drawn to whenever you enter this space. It may be vanity, bathtub, showerhead, storage, or lighting issues. Whatever it is, that is where your primary focus should be. So, call the experts and get these issues fixed.
Hiring experts like ZINTEX Remodeling Group is your best bet when it comes to maximizing your home’s value. Look up Zintex bathroom remodels, check out their wide range of services and offers, and enhance your bathroom’s aesthetics and functionality. These professionals prioritize excellent attention to detail and offer expert guidance, accurate pricing, and impressive warranties.
2. Focus On the Kitchen
The kitchen is often considered the heart of the house, so it makes sense to upgrade this area as it can bring the highest return on investment. The kitchen is not only a hub for culinary innovation. But a modern and well-designed kitchen can boost your property value.
You don’t necessarily have to demolish the entire space. Instead, go for minor improvement projects that bring a big difference. For example, you can install energy-efficient appliances that increase the sophistication of your home and improve functionality. Ensure your kitchen cabinet style is timeless so you don’t have to redo them over and over again.
Finally, updating countertops and hardware and adding lighting fixtures are other effective kitchen renovation projects that can make a significant difference.
3. Repaint Your Space
It may come as no surprise, but painting remains one of the most popular house upgrades with the highest return on investment. A new splash of color can do wonders, giving your house a fresh and vibrant look and feel.
The best part? Refreshing your home paint is quick, easy, and cost-effective. Whether you hire a professional to do this task or opt for a DIY, repainting will surely pay you back. After all, when your home looks fresh and visually appealing, it will show prospective buyers that you have taken good care of your property.
Although which colors you choose to paint your walls is up to you, light and neutral colors (white, gray, or cream) can make your home spacious and warmer.
4. Don’t Forget to Refinish the Flooring
Picture this. You step foot in your house and are greeted with polished tiles or shimmering hard floors. Undeniably, a floor like this can exude a feeling of richness and dazzle your guests and prospective buyers.
Once you repaint and refinish your floors, it will give your home a new aesthetic feel and significantly boost your property’s value. Notably, the key to a beautiful floor depends not on the materials used. Instead, it’s the quality of installation. So, it’s better to let professionals do this task for you.
Avoid covering your newly refinished floor with a wall-to-wall carpet, as doing so will almost result in financial loss. It is especially true if you have pets in your home.
However, if you are on a tight budget, choose laminate flooring. Remember that whatever flooring option you choose must be consistent throughout your house.
5. Pay Attention to The Basement
The privilege of having a basement is not available to every homeowner. But if you do, you may get tempted to remodel it and gain higher returns. Unfortunately, many homeowners overlook this factor and leave their basements unfinished. As a result, the dark, dingy, and underutilized space can lower the home’s selling point. So, don’t miss this opportunity and find ways to finish your basement.
You can try many things to transform this space into a functional living area. For example, you can turn it into an additional bedroom, home office, game room/playroom, gym area, etc.
While it may seem like redoing your basement will put a dent in your pocket when you are just starting, doing so can yield higher ROI than others.
6. Make Your Outdoor Green
Make your home even more beautiful and significantly boost your property’s value by transforming your outdoor area into a lush green haven.
Many potential buyers are looking for modest landscapes that are easy to maintain. Simply put, homes with well-maintained outdoor spaces with a calm and beautiful ambiance that don’t require much gardening are more likely to attract buyers and help you close the deal.
So, consider adding different plants, flowers, and shrubs to make your property look inviting. Moreover, other interesting ways to ensure your green oasis becomes an irresistible invitation to potential buyers are installing an irrigation system, mowing the lawn, tidying pathways, building a deck or patio area, and adding light fixtures.
Talk to any financial advisor about investing money and ways to get better returns. They will recommend several easy and smarter options. But house upgrades are an excellent and distinctive investment that helps homeowners accomplish two goals simultaneously: boosting their property’s value and improving their living standards. However, note that not every home improvement project will bring high ROI. Therefore, a better idea is to research, have an appropriate strategy, see what’s trending in your neighborhood, and you are good to go.
Lastly, unleash your creative side while keeping a watchful eye on your budget. That is the key to successful house upgrades and higher ROI.