Your home is one of the biggest investments you will make in your life. Whether you’re eyeing a future sale or simply want to make the most of your purchase, well-selected upgrades can add huge value to your home. But not all upgrades are made equal. Here are 5 of the best options to make the most of your time and money while improving your home.
Repainting the rooms in your house can yield a big return on your investment for minimal effort. If you feel comfortable tackling the painting yourself and have a weekend to spare, you can immediately boost your home’s value for the price of some meager supplies from the home improvement store. Replace outdated or over-the-top color schemes with something clean and on-trend for an immediate, easy improvement in your home’s value.
Whether it’s a dream man cave or a deluxe home theater, finished basements come in many forms. If your home’s basement is unfinished, completing this space can greatly increase your living area along with your property’s overall value. Though finishing is a sizeable investment, a finished basement will command a higher asking price and entice potential buyers when you decide to sell your home.
HVAC System/Water Heater
One of the first things prospective buyers look for in a home is that the heating/cooling system and water heater are new and in good working order. These upgrades won’t just add value to your home—new, high-efficiency systems will also save you money each month on your utility bills. For improved value and a big savings in the long run, ditch the antique HVAC system and water heater in favor of the newest models.
Your outdoor spaces say everything about your home to the outside world. Some tidy landscaping and tasteful decorations in front of your house will impress the neighbors, as well as potential buyers. But adding value doesn’t stop in the front yard. Additions like a deck, patio, or firepit will yield big returns and give a boost to your outdoor living experience.
If you’re not afraid of getting down and dirty with a major project, knocking down a wall or two to introduce an open floorplan in your home’s key living spaces can unlock major value. Open space between the kitchen and dining areas is especially in demand in the modern home market. Consult with a contractor to discover which walls you can afford to lose and open up your spaces for a serious return on investment.
If you’re done remodeling and ready to buy your next home, the mortgage experts at First Ohio are here to help. Contact us today to get started. Curious how much home you can afford? Use our simple calculator to find out.