Whether you just bought a house or you have lived there for a while, it’s important to increase your home's value. According to a report from the National Association of Realtors, most people enjoy a new home and a sense of accomplishment when they renovate or remodel their house. In addition, renovating or remodeling can add value to the home, adding an average of 10% to the home.
The most cost-effective is the renovation of your home’s exterior on a budget. Since the exterior is the first thing visitors see, including front door, windows, colors, garage doors, yard trails, small landscapes, fences, etc. It makes or breaks your home’s first impression — it can easily become the neighborhood star or the neighborhood dud.
There are the ways to increase the value of your home by remodeling the exterior.
1.Paint your house exterior
If you can add a fresh coat of paint to your house in a bright neutral color to enhance your home appearance,you could potentially see more value for this than anything else. I have found references that show recoup numbers range from 125% all the way to 250%. The return on investment is incredible for painting your home.
2.Add a porch
If your home has the space to do so, adding a front or back porch can really up your curb appeal. It’s a big project with a big payoff, so it’s certainly a great renovation to tackle when you’re in a position to do so.
3.Add a patio to backyard
Creating an enjoyable outdoor living area is an excellent way to improve your chances of selling your home. If you have the talent and ability to build your own deck (or you can follow instructions well) then you could save a considerable amount of money.
Landscaping is one of the most important ways to increase your property’s value quickly. In fact, a gorgeous landscape design can increase the value of your home by at least 5 to 11 percent—and maybe more. The best part about landscaping is that even though it’s one of the most valuable home improvements you can make, it’s also one of the easiest.
5.Add a landscape lighting
Landscape lighting can enhance the curb appeal and value of your home if lighting is part of a comprehensive landscaping plan. When you drive through a neighborhood at night, chances are the homes that stand out most are those where lighting plays an important role. A number of studies have shown that most home and property owners prefer a home with a well designed, custom built landscape lighting system. Thereby, making your home witness about 20% increase in a value. Lighting should highlight structural features like pathways, fire pits, water features, fencing and more. If you have outdoor patios, decks or other outdoor living spaces, those should also be included in the overall lighting and landscaping design.
Kitchen and bathroom remodeling are some of the most common home improvement projects to pick from in the home
The kitchen is major when it comes to the most valuable home improvements.Interestingly, you don’t have to spend big in the kitchen to get a big return. A minor kitchen remodel will recoup about 81 percent of its cost in average resale value, while a major upscale kitchen remodel will recoup only about 53.5 percent of its cost. The most valuable home improvements in a minor kitchen remodel include modernizing the cabinets and countertops, upgrading to brand new appliances, updating the sink and faucet, and updating the flooring.
Bathrooms are also an important part of a home. If there are not enough bathrooms or if they are very outdated, it will be a big turn off to potential buyers. Updating bathroom amenities and fixtures or adding an additional bathroom if you have the space can really increase a home’s sale appeal.