12 Home Renovations That Instantly Increase Your Home Value
Everyone would like to have a property worth more than what you paid for it. With a few simple upgrades, you can easily accomplish this goal. By upgrading your property, you can ensure you are able to make a profit when selling your home.
Bang It Services Inc. is a well-known insured and experienced general contracting company that always puts real estate investors first. We wrote this article to give you inspiration on upgrading your property. These are the best renovations that add value to your home. Some of them are easy and inexpensive upgrades you can do over the weekend.
The Biggest Bang for your Buck
A fresh coat of paint will instantly update and transform the entire interior of your home. That's about the most you can get when considering the average price of a gallon coat finish is about $38. Shades of gray are back in style, creating a neutral tone that makes your decor pop.
Install a Kitchen Backsplash
The kitchen is full of bulky and plain items, but the backsplash doesn't have to be one. In fact, you can conveniently install a modern backsplash in one weekend. Plan to install the backsplash tiles on Saturday and grout and seal them on Sunday. You can also hire an experienced contractor like Bang It Services to finish the project seamlessly.
Upgrade Kitchen Lighting
The kitchen is the new multipurpose space. It serves as workspaces for kids and adults, gathering places for family meals and dinner parties—the list goes on. While kitchen lighting plays an essential role in setting the mood for these tasks, it's easy to find a custom solution that fits your home's needs and existing wiring constraints.
Fixing your windows is more than just facade decoration. Potential buyers will notice them, and so will reviewers. Vinyl and wood have comparable recycling rates, but wood has a higher average cost and is nearly 1% less recycled. If you have questions about buying new windows, get answers before buying.
Manufactured Stone Veneer
Replace vinyl siding with stone veneer on parts of your home. The average cost estimate includes 36 feet of sleepers, 40 feet of corners, an address pad, and materials including two waterproof barriers and corrosion-resistant slats and fasteners. The project is recovering just over 92% of its cost.
Minor Kitchen Remodel
People can go crazy with kitchen remodeling projects, but it's unnecessary. A small kitchen remodels project will pay for itself more than a large one. A few simple upgrades and a new coat of paint and be more than enough to transform your space.
Garage Door Replacement
An excellent garage door tops the list when it comes to getting the most return on your investment. Estimates for this job are based on the cost of removing and disposing of a 16' x 7' garage door, replacing them with four-panel doors with heavy-duty galvanized steel tracks, and assuming you'll be reusing the electric garage door opener. If you sell your home, this attractiveness enhancer can pay you back 93.8% of your costs.
Appraisers often view the structural elements of a home as part of their process, and siding often plays a role in that. Replacing siding adds immediate value. Replacing vinyl siding can help refresh the look of your home and is a more affordable solution. With a median cost estimate of $16,576 to replace 1,250 square feet with new siding, you should recoup about 68% of your resale investment.
The roof of a home is one of the most crucial parts, so troubleshooting your roof and replacing it when necessary is an important project that home buyers will notice. It also turns out to be a pretty good investment.
Smart Home Technology
Smart devices are entering the home at an increasing rate. Market research firm Statista found that 33 percent of households own a connected device. This figure is expected to rise in the coming years. These smart devices can even detect leaks in water heaters.
Simple Fixes and Details
Simple fixes like tackling home lighting bring new light to the home and show how well the home has been taken care of. Shoppers notice small items, and it's important to display them. Cleaning the windows can make the house liven up all at once.
Rip up Carpeting and Install Hardwood or Laminate
Hardwood and laminate floors are similar in price to luxury carpets but without the hassle of frequent vacuuming. These floors are durable, and you don't have to worry about stains. It's also relatively easy to install.
Remodeling your home can increase your enjoyment, but it can also increase your home's value over time. For example, when refinancing, the appraiser considers renovations when estimating the value of your home. A higher home value means more equity and a lower loan-to-value ratio. You can even cancel your personal mortgage insurance payment sooner than expected.
When you sell your home, buyers will likely pay more for a clean, well-maintained property with modern updates ready to move in. For any further queries, please contact us; we will be happy to help you in every possible way.
The experts at Bang It Services can help with all your renovation needs. Call (832) 767-1581 to get a free estimate.