When you spend the money to upgrade something inside of your home, you want to know that it will pay off with equity. Home improvement jobs can work wonders for upgrading you and your family’s comfortability in your home, but you can also increase the value of your home along the way.
If you’re considering which upgrades to start with first, it helps to know which ones bring the most ROI (return on investment). Take a moment now to read through a brief look at some of the home improvement jobs that will add the most value to your home upon completion.
Finish the attic or basement
Finishing the attic or basement of your home will fetch a pretty penny at resale. When you are ready to sell your house, you will have added more usable square footage to your property, therefore it will be worth more when placed on the market.
Do some research to find out which area will draw the most return in your area. In Georgia, for instance, a finished basement space can add up to $50,000 to your home’s value. Be thrifty during the remodel process, and you could have yourself quite the money-maker.
Open up the home’s floor plan
If you have an older home, you may have quite the boxy floor plan. Home design used to focus on creating more room rather than more space. Today’s buyers lean more towards an open layout.
Take the time to open up your space, and knock out a few walls to draw more equity to your home. Be careful not to do this job yourself unless you really know what you’re doing. Taking down the wrong wall could cause some extensive damage to the rest of the structure.
Give your house a paint job
Curb appeal is a big selling factor to home buyers. The house has to look good on the outside to draw the maximum price at resale. Simply adding a new coat of paint to your home will give it a nice facelift. The cost of painting the home is small compared to the response you will get with the new look.
Update kitchen and bathroom fixtures
If you’re looking to do small upgrades, replacing the kitchen and bathroom fixtures for shiny new pieces will make a world of difference to the aesthetic of those rooms.
Door knobs, drawer pulls, faucets, and light fixtures will bring the room together and give it a more modern look. Use brushed nickel or a matte stainless steel option for a more contemporary look to your style. Oil-rubbed bronze will bring out a more classic look in those areas.