Illinois Logo

Back

Home Improvement Projects that Add Value to Your Home

Many home improvement projects can increase the value of your home by giving it a better selling appeal. First off, improving the curb appeal of a home can dramatically increase value while also helping you to sell more quickly. Interior wise, bathroom and kitchen remodels tend to provide the greatest ROI but these improvements can be rather costly to take on. Some of the best improvements are those that are low cost, do-it-yourself style projects that improve the aesthetic feel of the home without burning a hole in the bank.

Exterior Home Improvements

The old say, "first impressions are everything" is true in home sale too! The way that a potential buyer views your home from the very first time he or she drives up can make all the difference in whether you get the asking price or not. Simple home improvements to the front exterior of the home can increase curb appeal and pay off in the end.

A new roof, outdoor lighting, and landscaping can all add value to your home. Unfortunately, exterior improvements such as the addition of a swimming pool do not typically recuperate a valuable return on the investment and should be avoided unless you plan on taking an overall loss on the ROI. Avoid costly home improvements that are for leisure or recreational purposes as these improvements are not always as appealing to potential buyers as they may be to you.

The addition of a deck or outdoor living space can provide an excellent return. Today's busy lifestyle trends are moving more toward including the outdoor living area as part of the functional and usable space of a home. That said, if your home doesn't already have a deck, porch or other outdoor living space, the addition of such can provide increased value to potential home buyers.

Interior Home Improvements

Inside of the home there are a number of improvements that you can make to add value to the home. Remodeling a kitchen or bathroom that is outdated can add tremendous value to your home and most always recuperates a significant return on the investment. Installing appliances that are energy efficient and updated yet affordable can be one of the easiest improvements you can make to the home.

New carpet, though it may make the home more visually appealing inside, is not advisable if you're looking for added value and an excellent ROI. If you're planning on selling, consider providing a carpet allowance rather than changing the carpets out prior to the sale. This will allow the new owner to choose a flooring that he or she is more comfortable with and may provide added value overall.

Paint, either interior or exterior, can provide the greatest value and offer the highest returns. Choosing colors that are neutral and current will be vital to the overall project and the value to be added so you may want to work with or at least talk with a professional or designer before making any major paint decisions. Ultimately, the right pain colors can improve the first impression that a potential buyer has and may even lead to a more profitable sale.

Share this:

Comments

Leave a comment:

* Login in order to leave a comment. Don't have an account? Join for Free