In light of today’s economic uncertainly, an increasing number of home owners have decided to stay put and ride out the instability. If you fall into this category, there are some improvements you can make to increase the value of your home. While some projects won’t necessarily increase your potential selling price, there are a few that can have a significant impact.
Given the amount of time spent in the kitchen, it’s no surprise that improvements to this space could pay off in the long run. According to HGTV, you can expect to recover 60%-120% of the cost of your remodeling project, assuming you keep your expenditures in check.
Energy Efficient Windows & Insulation
Energy efficiency is a priority for many potential home buyers, and old, single-pane windows are a turn off. Energy Star-rated windows can save you up to $500 a year in cooling costs. You might also qualify for rebates from your state or local utility company. Additionally, if your home lacks basic insulation or has numerous leaks, this information could be included in a home inspector’s report to buyers.
Add or Improve Outdoor Living Spaces
Outdoor living spaces are increasing in popularity, and they’re an easy and sometimes inexpensive way to increase your home’s value. You could potentially recoup up to 65-90% of your investment from a deck.
If you’re looking to make improvements through an addition or remodel, click here for a free estimate.