Unless you’re having a home custom built for you, odds are you’ll want to change a few things when you move into your new home. After all, from updating the kitchen and bath to repainting the walls, most homeowners make changes in their homes shortly after buying them.
But, some home improvements pay off better than others. If you’re concerned about maximizing your home’s value, then you should think before splurging for that commercial-sized oven. You just might be able to get a lot more value for a lot less money.
Want to add value to your home? Here are five home improvements that pay off big.
#1: IMPROVE YOUR HOME’S CURB APPEAL
Your home doesn’t get a second chance to make a first impression. And for many, it’s how the property looks outside that matters most. Replacing the siding is traditionally one of the most reliable home improvements you can do for improving your home’s value. Investing in quality landscaping also pays off, as does replacing the front door with a higher quality product.
#2: ADDING MORE SPACE TO THE HOME
Today’s home buyers want a lot of room. So, if you want to entice bigger, better offers, adding an extra room or two will pay off big, especially in hot housing markets. In fact, according to the National Association of Realtors, every additional 1,000 square feet of space increases a home’s value by as much as 30%. But, certain additions offer better returns than others. For instance, an extra bathroom provides an average return of 86.4%, while a sunroom or an attic converted into a bedroom recovers between 70% and 80% of the money spent.
#3: KITCHEN AND BATH RENOVATIONS
Of all the rooms in the house, the kitchen and bath are the two that home buyers focus on most because after all, that’s where they spend most of their time. Home buyers want extra-large kitchens and spacious, smartly-designed bathrooms. As a result, these two rooms, more than any other, provide the greatest returns on your renovation investment despite being among the most expensive rooms to update. In a hot housing market, a kitchen renovation, when it’s done right, can easily recoup 100% of its cost, while a bathroom can recoup as much as 180% of its cost.
#4: BUILDING A PREMIUM HOME ENTERTAINMENT ROOM
These days, home entertainment systems offer an experience to mimic the best movie theaters in town. And, everybody wants one. That’s why spending the money to build a top-of-the-line entertainment room, complete with a big screen HDTV, digital surround sound, professional soundproofing, and inconspicuous wiring, is a good investment for any homeowner looking to add value to their home.
#5: PERFORMING GENERAL HOME MAINTENANCE
All of the above home improvements mean little if the home itself isn’t solid and well-maintained. After all, who wants to buy a home with a gorgeous kitchen or state-of-the-art entertainment system when the home’s plumbing, roof, and windows are in poor shape? For this reason, any money that’s invested into maintaining the home and making it better is money well spent.
LET TRINITY CUSTOM HOMES BUILD YOUR DREAM HOME WITH ALL THE BELLS AND WHISTLES YOU WANT
Trinity Custom Homes is a leading builder throughout five southeastern states, including Georgia, North Carolina, South Carolina, Tennessee, and Alabama. We have been satisfying our clients for more than ten years, providing them with beautifully-designed and masterfully-built homes featuring the latest in eco-friendly building materials and the finest quality features and amenities.
If you want a home that will eclipse its worth on closing day, just call us today at 888-818-0278 to schedule a consultation with one of our experienced builders or designers.