Home Improvement Boosts Your Home’s Value
Home improvement is the repair, maintenance and restoration of residential real property. It includes projects such as resurfacing a driveway, adding a deck or replacing the roof. More major projects include installing a new kitchen, bathroom or finishing a basement. Home improvements can be expensive and it is important to plan and budget carefully. It is also important to choose quality materials and hire a reputable contractor. Otherwise, homeowners may find themselves overspending and even going into debt.
A few simple upgrades can boost your home’s value. Paint, re-grouting tile and power washing your exterior are among low cost, high return projects. Adding a master suite or finishing the basement are more costly renovations that can increase your home’s value and living space. However, before investing in any home improvement project, it’s always best to consult a real estate professional for advice about what projects will add the most value to your home.
Almost everyone has done a home improvement or renovation at one time or another. Some of these projects have great ROI values, such as sparkling bathroom remodels and adding a second bath. Other projects have a lower ROI, such as a kitchen remodel or adding an in-ground pool.
Some home improvement projects are critical, such as fixing a leaky roof or resodding your yard. Others, such as painting or installing a privacy fence, are not essential but can improve your home’s appearance. A poorly maintained yard is a major turnoff for buyers, so sprucing up the outside of your house can make it more attractive and increase its value.