Over the past few years, the rising harsh weather conditions have increased the risk of property damage, prompting the need for higher-quality home upgrades. Cities like Ontario in California are becoming more vulnerable to carbon monoxide poisoning from poorly maintained heating appliances. So, if your house has poor insulation, inefficient heating systems, and no heat escape, you should consider investing in upgrades that prevent these issues.
Research from many remodeling industries suggests that adding value-added features significantly improves your home’s value and marketability. Home updates, such as window replacements, heater installation, and a fresh coat of paint, can maximize the ROI on your house. You might notice a house similar to yours in age, size, and layout marketed at a higher value than yours. This is probably because it has been upgraded, as adding quality upgrades can attract more homebuyers and higher offers.
From practical upgrades to luxurious amenities, these enhancements can make a significant difference in both the functionality and market value of your property. So, let’s dive in and discover the key value-adding features you can incorporate into your home.
- Window Replacements
Your first consideration should be the regional weather to consider investing in a window replacement. If you reside in a city like Ontario, California, where the air quality is poor, you cannot risk having windows that are poorly insulated and have gaps, as they can contribute to heat loss and increased energy bills. Next, replace obsolete windows with energy-efficient windows that most buyers desire. This will not only enhance your curb appeal and exterior style, but it will also provide added security.
Work with a reputable Ontario window replacement company that provides top-notch services, performance, and style. These companies offer a wide choice of windows, ranging from vinyl, wood, and fiberglass windows.
Though investing in window replacement won’t be inexpensive, the average 68% ROI in energy efficiency is guaranteed.
2. Upgrading the Paint
Experimenting with new paint ideas can do wonders, and it is one of the budget-friendly ways to add value to your home. A gallon of paint costs between $20-$50, which leaves the budget to purchase rollers, tape, drop cloths, and brushes. It is estimated that a fresh coat of paint on a home’s interior and exterior can maximize your ROI. So, repainting the interior generates 107% ROI and an estimated 55% ROI for exterior painting.
It is advisable to stick to neutral colors, like white, off-white, beige, tan, and pastel grays. Painting the walls with neutral colors can give buyers a fresh blank canvas to experiment on. You can also research different color combinations from color theory to paint certain shades in different rooms. Make sure to consider factors such as lightning cabinets and flooring before painting your walls.
3. Replace Outdated Lightning
Updating lighting throughout the house can help to make an impactful appearance when it comes to selling the house. Installing a giant chandelier, pendant lighting, and ceiling fixtures can certainly create a welcoming, inviting vibe for home buyers.
Even a well-lit foyer can light up the corridor of the house, welcoming your guests. Moreover, installing ambient lighting can create a cozy vibe while simultaneously providing a fresh look.
4. Remodel the Bathroom
If you’re tired of dealing with dreary showers, beat-up tubs, and outdated fixtures, then it is time to prioritize bathroom remodeling. Even a midrange renovation can generate an ROI of 58.9%. This renovation includes replacing the tiling, adding chrome fixtures, upgrading to a single-level shower handle, and a standard white toilet.
However, for maximum ROI, you can paint the cabinets instead of replacing them. Install a comfortable new toilet with an elongated bowl. Update the lighting by adding sconces or backlit mirrors to give a sophisticated look. Upgrade the hardware and keep the color scheme of the knobs, vanity lights, faucets, and robe bars the same in the bathroom.
If you have the budget, you can also consider a large walk-in shower to add to the homebuyer’s wish list. Make sure to scrub the bathroom surface and get rid of rust stains, as deep cleaning can make a huge difference.
5. Enhance the Outdoor Living Space
Creating inviting outdoor spaces can expand your living area and provide a great return on investment. Whether it’s a cozy patio, a deck, or a landscaped garden, outdoor living spaces are highly desirable among homeowners.
Prioritize shaping the front yard neatly. You can start by planting fresh plants, reseeding the bare patches, and adding vibrant flowers to the garden beds. Trim anything overgrown and dead. The addition of newly-planted shrubs and perennials will make the house look more inviting and welcoming. A well-maintained curb can enhance your property value by 10%.
6. Create a Functional Home Office or Study
Ever since the pandemic, there has been an increase in remote opportunities and hybrid schedules. Having a multipurpose home office or study area has become increasingly important. Converting a spare room or creating a functional workspace can be highly appealing to potential buyers.
You can start by creating a desk space with wall-mounted lights and hanging storage pots to avoid cluttering your working space. Moreover, adding a houseplant or a pop of greenery dotted around your working space will ease your work-related anxieties.
The Bottom Line
How do you know what will add to the value of your house? The answer is simple! If a project increases the size of the house, paves the way for additional renovations, or increases the functionality of the space, it will bump up the value of your house.
So, before approaching a major renovation, consult an expert to advise you on the kind of improvements to make in line with the market and economy and how you can achieve your goals within your budget.
By carefully considering these improvements, you can create a space that not only meets your needs but also provides a strong return on investment in the long run.