Which Home Upgrades Will Add the Most Value?
Mahadev Desai is the Founder and CEO of gharpedia.com and SDCPL a leading design consultancy firm having strong national presence. He has a degree in Civil Engineering (BE) and Law (LLB) and has rich experience of 45 years. Besides being the Editor in Chief, he also mentors team at GharPedia. He is associated with many professional bodies. He is also co-founder of 1mnt.in the first in Industry software for contractors’ billing. He is a voracious reader, edited 4 books, and pioneer of book reading movement in Gujarat, India.
When improving your home, you likely want to invest in something that will increase its value while still picking something you can enjoy. There are several areas you can focus on when remodeling or renovating your home, so out of those areas you can choose the one that matters the most!!!
Home Upgrades That Can Add Value to Your Home
Making home upgrades is beneficial to you as it can add value to your homes. Below we have tried to provide you more in-depth information on home upgrade!!!
01. Paying for Your Renovation
Whether your home is old or new, you might not be able to afford the cost of renovating it. And while it might take several months or even years to save for the upgrade you wish to make, you may be ready to make it now. Luckily, you have several options. To finance your home upgrades, you might consider taking out a personal loan from a private lender. Of course, you’ll want to determine if this makes financial sense for your situation. Consider your budget and what type of return you’ll get on the investment. But if you renovate an area like the kitchen or exterior, you might find it’s worthwhile.
02. The Kitchen
The kitchen is often the home’s central gathering place and updating it can add significant value to the house. Potential buyers often decide after looking in this room because many people want the kitchen to be upgraded already. They don’t want to have to pay to do so themselves after purchasing the house. There are several ways you can easily improve the kitchen in a way that meets your budget. Whether installing new counters, adding energy-efficient countertops, or just painting specific areas, you can make the kitchen meet your needs. You do not need to spend a lot to get a relatively large return. Doing a minor update can have a significant impact if you pick the right area. Some of the more valued upgrades include ones to faucets, appliances, or flooring.
03. Replacing the Windows and Siding
If your siding is deteriorating or just old, your home might look dated. The good news is that it’s not hard to replace the siding, and it’s a valued enough upgrade to get you much of the cost back when it’s time to sell. If you want the exterior to look great, you’ll also want to check the trim to see if that also needs to be replaced. Consider adding new windows as well. Many of the newer types of windows can conserve energy since they prevent the outside air from entering. They offer a great return on your investment as well. Plus, updating the windows with the siding makes sense since it stops them from looking dated against the modern siding.
04. Doing a Bathroom Remodel
Consider updating the lighting, fixtures, tile, counters, and other aspects of the bathroom. Remember, however, going all out might not get you as big of a return as you might think. Instead, consider focusing on the most critical areas to get the most value added. For example, you could turn a regular bathroom into one anyone can access. You might add a walk-in shower, widen the doorway for a wheelchair, or add support handles in the shower and near the toilet.
Talking about bathroom remodel, how do you come to know it’s time for bathroom renovation? If you want to know the signs, here it is:
On a final note, home upgrades are important as they increase value to your homes and also give a good resale value when selling your homes. While starting home renovation, it is important to take a note of which home upgrades will add value. The afore-mentioned tips will definitely help to make proper renovations in your homes.
And before you leave, there are additional home improvements tips that we have written in another article, which will definitely pay off. Here they are:
Pandemic of Covid-19 has taught us so many things, some people have fully utilized lockdown period by improving their home, we have collected some experience and published an article for you to make your home improvement easy. So click on below link to know more: