Home Upgrades That Increase The Value Of a Home

The three ways you can make money in real estate involve mortgage paydowns, rental cash flow, and appreciation. These methods have all the focus when it comes to real estate investments. However, home improvements and upgrades are another way you can earn in real estate. Every home owner can benefit greatly from increasing the value of their home even if they do not intend on selling their property in the near future. 

If you are going to do renovations or improvements to your home, you do not have to wait until when you need to sell the home. Instead, you can just make upgrades ahead of time. By doing so, you can enjoy the upgrades and reap the rewards in the form of a resale profit. Below are some upgrades that are easy to do and help increase the value of your home.

Upgrade the Flooring

The days when people loved carpeting are gone. Buyers now do not like the concept of carpets in their homes.  Today, there is a much higher demand for hardwood flooring. When making an upgrade, you need to think about your house in regard to what a buyer would want to see.

Interested home buyers will turn to a home that requires them to pay the least amount in the renovation. They do not want to purchase a house and then pay additional money for renovation and repairs. Instead, they would rather just get a turnkey and pay you a lot more money for it. 

When you look at it, hardwood floors are the most admired feature of a house in this day and age. What’s more, hardwood is quite affordable compared to other options. If you cannot afford hardwoods, then you can also choose from a variety of beautiful laminates.

The Kitchen

When it comes to updating your kitchen, you should not be looking to splash your money on a major kitchen makeover. Instead, you will only have to focus on the cabinets, floor, and countertop of your current home. The small details involve little upgrades such as the faucets. Upgrading the faucet to one that appears to look high-end can be a good addition.

This is because people love high-end materials and it makes the kitchen appear expensive. Another minor update on kitchen fixtures that can make a huge difference is the cabinet knob upgrades. Many times, knobs get worn out and dated very quickly. Therefore, updating them with materials such as a nice brushed nickel, bronze and rose gold can be an incredible addition.

Another thing in the kitchen that is a very nice update is the backsplash. Leaving walls dry behind a countertop is something that you would want to change when making the upgrade. For a reasonable price, you can have a beautiful backsplash installed inside the kitchen, and this will provide your kitchen with a great effect.

Lighting

Updating lighting adds elegance and a contemporary feel to the house. Not to mention, by adding different shades and tones of lights, you can provide your house with a different feel and color grade. A good idea would be to replace the basic lights present in hallways and bedrooms with more sleek and modern alternatives. They look much better and provide more light than the basic ones which you get from the local markets.

Secondly, anywhere you have a central table, adding value to that space is as simple as replacing the lighting option with a chandelier. You can get beautiful pieces for fewer than a hundred dollars, and installing it in a central location can give a royal impression of your house and ultimately cause the house to increase in value. It not only adds value to the room but also completes it as a whole.

Paint

Repainting your home can provide you with an excellent return on investment. Most of the time, your paint job matches your decorating scheme. However, as time goes on, you begin to replace furniture and the scheme gets somewhat distorted. If you are looking to sell your home in the near future, you want to pick a color palette that is neutral and also stylish. If the paint is not your expertise, then you can easily get a paint consultation.

Home Staging

Home staging is a much-underrated upgrade. It does not refer to renovations, but it is about making your house appear as big as possible, as bright as possible, and also as neutral as possible. By doing so, you can make it appeal to a large number of home buyers. It allows you to highlight the positives of your home while de-emphasizing the negatives. By home staging, you can turn your regular home into something that is more posh and expensive.

Final Words

The above-mentioned upgrades will not only help make your house look amazing to home buyers, but also makes it appear amazing in pictures. All of these upgrades can be enough in order to increase the value of your home. A properly staged home can get about 4 to 5 percent more, so it is indeed one of the best things you can do.