Home Improvements that Get the Most Bang for Your Buck

If you’re planning to make home improvements, it’s wise to think about what will give you the best return on your investment. Even if you plan on staying in your current home for a while, you might want to consider what will appeal to buyers when you’re ready to sell someday. Here is a list of upgrades that will get you the most bang for your buck:

Before you begin, make sure to consult a professional and get any necessary permits. Even if you don’t want to undertake a significant remodel, smaller upgrades can make a big impact. If you’re ready to take on your next home improvement project, we’re ready to help with the financing! Our Home Equity Line of Credit (HELOC) is an affordable, flexible borrowing choice.

• Bathroom Remodel: You can upgrade your bathroom with a new vanity, shower or tile to add more style. Or focus on increasing functionality with a better vent fan to reduce moisture build-up and increase air flow or add a medicine cabinet for extra storage. You can also make your home more water efficient by replacing your toilet, showerhead and faucet. Calculate how much water, energy and money you can save by switching to products with a WaterSense label that meet EPA criteria for efficiency.
• Kitchen Remodel: If your kitchen needs more workspace, consider building an island. Want to freshen up the cabinets? Give them a new coat of paint and switch out the hardware. Replace dated light fixtures and add an attractive backsplash. Update appliances for a cohesive look. A kitchen renovation can increase your home’s overall value and can be a great way to draw in buyers.
• Exterior Updates: Increase your home’s curb appeal to make a good first impression. Buyers will be more inclined to look at the inside of your house if they like what they see on the outside. You can paint or replace your front door to make your entry more aesthetically pleasing. Depending on its condition, you may want to paint your siding as well. Add shutters if you don’t currently have any for a nice accent. Make your yard more charming by improving the landscaping with shrubs, bushes, trees or flowers.
• New Deck: Build a deck to increase your home’s entertaining space. It provides a great spot to host family and friends and enjoy pleasant weather. When picking out your deck material, be sure to consider what will stand up to the elements and how much maintenance you’re willing to do.
• Garage Door Replacement: It might be surprising, but a new garage door has one of the highest returns on investment, according to Remodeling magazine. A stylish garage door can contribute to your home’s curb appeal. Upgrading to an insulated garage door can also increase your home’s efficiency and reduce your energy bill if it’s attached to your home.
• New Windows: Replacing old windows with more efficient ones can increase your home’s value, offer greater efficiency and make it look nicer. According to the EPA, people in our region save an average of $366 year when they upgrade from single-pane windows to energy-efficient windows.
• Necessary Repairs: Some home improvements may be flashier and more exciting than others, like kitchen and bathroom remodels, but make sure to start with the basics. If there is a problem impacting the function of your house like a sagging roof or water in the basement, take care of that first. For both you and future buyers, having a home that keeps you safe and dry is most important. Buyers may be reluctant to make an offer on a house with structural issues.