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Top Ten Projects That Improve The Value of Your Home

Jun 08, 2017 - Posted by: Rocky Mountain Credit Union

Upgrading and updating are an important part of owning and maintaining a home.  While many projects may reflect your taste and style, some home projects will help to improve the value of your home as well.  Below are ten projects that will make your home more appealing and also increase your selling cost when it comes time to list your home.

Remodel Your Bathroom

Bathroom fixtures can often stand the test of time, but just because they last for long doesn't mean they shouldn't be updated from time to time.  An updated bathroom will make the house more attractive and will also cause less concern to a potential homebuyer.

Finish Your Basement

Finishing your basement will upgrade your livable square footage, as well as create an additional room that can be an added selling point.  Many homebuyers are looking for recreation and play rooms, and a basement is a perfect place to create one. Remodeling your basement for additional living space can often give homeowners a 70% return on their investment.

Replace Your Roof

A worn out or damaged roof can make the outside of your home less appealing and may also cause potential buyers to wonder about any internal water damage that may have occurred due to leaks from a damaged roof.  A new roof can be a costly expense for a new homebuyer so having a newer roof will allow you to increase the selling price of your home.

Update Your Landscaping

Nothing gets buyers interested in a home more than curb appeal.  Maintaining and landscaping your yard will make your home more attractive and make it more sellable when the time comes.  A well-landscaped yard can add a value of $5,000 and up depending on the area.

Add a Deck or Patio

Adding improvements to your house that can create room for entertaining can help to improve the value of your home.  A well-placed deck or patio will enhance your yard appearance and increase livable space.

Replace Your Siding 

Replacing your siding can improve the value of your home in two ways.  First, it will make your home look updated and more aesthetically pleasing.  Additionally, replacing siding is a large project that may scare off potential buyers when it is time to sell.  Upgrading siding often gives homeowners 100% return on investment.

Upgrade Your Kitchen

One of the central parts of any house is the kitchen.  The kitchen is part of most family's everyday lives and having a good flow, and solid material is important.  Upgrading countertops to high-end surfaces such as quartz or granite and improving cabinet surfacing and space will help to modernize the appearance of your kitchen and add value to the home as well. Remodeling your kitchen is most likely to give you a return on investment at right around 80%.

Replace Your Entry Door

One of the first impressions anyone sees of your home is your front door.  Upgrading to a more modern steel door will not only make it more attractive but will also make it more energy efficient.  Replacing your front entry door can add significantly more value than it costs, so it is an upgrade worth investing in.

Invest in New Flooring

Old or worn out carpeting or flooring can lower the value of your home and make it significantly less attractive.  Even with proper care and regular maintenance carpets can become worn, stained, or faded, and flooring can sustain scratches and chips.  Replacing your flooring can give your space a fresh look and add value to your home.

Make Your Home Energy Efficient

While energy-efficient appliances are necessary to the environment, they are also important to homeowners' wallets.  Having appliances that are old and have poor energy efficiency can lead to much more expensive repairs maintenance and overall energy costs in the home. Energy-efficient, newer appliances such as heating and cooling systems can add a significant amount to your selling cost when it is time to list.

Whether you are trying to modernize your home or updating older areas, the ten projects above will help to improve the value of your home while making it more aesthetically.

Need some financing to fund your home improvement projects.  Contact the experienced representatives at Rocky Mountain Credit Union today to discuss your options.

Download the Guide to Home Equity Lines of Credit vs. Home Equity Loans

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