We often look at our home and envision structural changes or new décor themes. While home renovations are an excellent way to enhance the interior and comfort of your home, several renovation projects can also boost its value. But this depends on the city or state you live in.
In Pittsburgh, for instance, housing costs around 7% less than the national average, making the city’s housing market quite competitive. While an average listing for a house is around $260,000 in Pittsburgh, you can increase your home’s value, attracting more buyers and better offers by investing in some home improvement projects.
Although the idea of a renovation project might sound enticing, it is necessary to be careful. The average cost for a home remodel can go up to $100,000. However, the cost of a remodel greatly depends on the scale and type of remodel. For instance, a minor kitchen remodel can range from $5,000 to $20,000 in the US.
Tips for Increasing Your Home’s Value
Whether you want to sell your house soon or not, picking a home improvement project that boosts your home’s interior while giving a good return on investment is necessary. So, here is a list of home improvement projects to boost your property’s value.
Replace the windows
Old or damaged windows can often harm your home’s insulation and give your home an outdated look. But window replacements can increase your home’s value by making it more energy efficient. However, the ROI can differ a little depending on the kind of window replacement you choose and where you live.
In Pittsburgh, for instance, replacing windows can cost around $4,252 to $13,554, giving an average ROI of 68%. Window replacements also offer many other advantages besides increasing your home’s value. For instance, they can increase energy efficiency, enhance your home’s aesthetic, and improve insulation. So, hire Pittsburgh replacement windows experts and get your windows replaced in no time.
While a new coat of paint is an excellent way to give your home a fresh look, it can also increase its value, especially if you plan on selling your home soon. It is a relatively affordable improvement project with a significant return on investment.
So, before you put your house on the market, spruce up the interior and exterior with fresh paint. You can keep it simple with shades of white or give your home an artistic look with a creative statement wall. On the other hand, repainting the exterior can enhance your home’s curb appeal and attract more buyers.
Remodel the kitchen
Updating your kitchen can be costly, but it is money well spent. A kitchen remodel can give an ROI of 53% to 55% in Pittsburgh, depending on the scale of the renovation. But keeping your home’s overall design in mind while remodeling your kitchen is necessary. For instance, if your home has a traditional design, you might want to keep the design elements the same while giving your kitchen a modern touch with new fixtures or hardware. On the other hand, you can go for a modern-looking kitchen if your home has a contemporary design.
Renovate the bathroom
Upgrading your bathroom can also help increase your home’s comfort, appeal, and value. While a major bathroom remodel can be expensive, you can always create a huge impact by making small changes. For instance, you can swap out your old bathtub, replace the shower head and other fixtures, get a new mirror, or add new paint or storage solutions.
Improve curb appeal
The first thing buyers notice is your home’s exterior. So, if you plan on selling your home soon, you might want to improve its exterior to attract better offers, as it can make your home look better and more inviting. Increasing your home’s curb appeal can help boost its value by 3% to 5%.
There are many ways to increase your home’s curb appeal. For instance, you can paint the exterior, add stone veneer, give your mailbox a makeover, clean your gutters, etc. Also, maintain your front garden by adding colorful and attractive plants. You can hire a landscaping expert to help you boost your home’s appeal.
Get rid of popcorn ceilings
Pittsburgh has many old homes. Popcorn ceilings were a popular thing in such homes. However, popcorn ceilings can make your house look outdated and may have asbestos. So, it is necessary to have these ceilings tested and removed if you want to give your home a contemporary look and boost its interior.
You can also remove these ceilings yourself and save some bucks.
Swap out old exterior doors
Even if you don’t plan to sell your house soon, installing new doors is advised. Installing a new front door can boost your home’s exterior and make your home look welcoming.
Similarly, it is important to replace the garage door as it has one of the highest returns on investment, of around 103%. Apart from that, a new garage door can increase efficiency, improve the exterior, increase safety, and improve insulation.
Pick eco-friendly appliances
Eco-friendly options are all the rage as they are good for our planet. So, investing in eco-friendly appliances can help create a smart and energy-efficient home. Such appliances can also help you save money as they reduce energy consumption and reduce the waste of important resources like water.
Since most homebuyers prefer eco-friendly options, new eco-friendly appliances can help increase the value of your home. So, not only will you benefit from these appliances by saving on utility bills, but they will also prove beneficial when selling your property.
Home improvement projects are an excellent way to enhance your lifestyle and boost your property’s value. So, research and invest in improvement projects that help achieve your design goals and boost your home’s value. You can go for full-blown renovations or make small changes over time if you don’t plan on selling soon. Hiring reliable remodelers is advised since they’ll know which home improvement projects yield substantial returns.oko