What Home Improvement Projects Should I Focus on to Boost My Home's Value?

What Home Improvement Projects Should I Focus on to Boost My Home's Value?One of the joys and benefits of owning a home is the options you have to improve the property. Whether it's a little cosmetic updating or a major remodel, you have the freedom to change your home and make it your own. If you think you might sell your home in Tyler, it's a good call to focus your home improvements on projects that will boost your home's value.

A key to choosing home renovations with a great ROI is thinking like a buyer. What will your future buyers want to see in the home? Of course it's great to make the home your own, but keep the resale value in mind. Not sure what projects to prioritize? Consider some of these. 

Kitchen Remodel

A kitchen renovation is one of the most high-impact renovations you can choose. The kitchen is often considered the heart of the home, and a modern, functional kitchen can significantly boost your home's resale value. Prospective buyers in Tyler look for updated kitchens with high-quality finishes and modern appliances, prioritizing homes with an updated kitchen over homes with an older kitchen that needs some work. 

Here are some key projects you can focus on in the kitchen:

  • Update Appliances: Replace old appliances with new, energy-efficient models. Stainless steel is a popular choice.
  • Countertops: Install granite or quartz countertops for a sleek, durable surface.
  • Cabinets: Reface or repaint cabinets and add modern hardware to give them a fresh look.
  • Lighting: Upgrade to LED lighting and add under-cabinet lighting for better visibility and ambiance.
  • Flooring: Consider installing tile or hardwood flooring, which are both durable and attractive options.

Bathroom Remodel

Bathroom Remodel

Ben Burks of The Burks Team in Tyler offers this information: "Bathrooms are another critical area where homebuyers focus their attention. An outdated bathroom can be a deal-breaker, while a stylish, well-maintained bathroom can add significant value." These are some of the key improvements that will have a great ROI in the bathroom:

  • Fixtures: Replace old fixtures with modern, water-efficient models.
  • Vanity: Install a new vanity with a granite or marble countertop.
  • Shower/Bathtub: Update or replace the shower and bathtub. Consider a frameless glass shower enclosure for a contemporary look.
  • Tile Work: Update the floors and walls with neutral tiles.
  • Lighting and Mirrors: Upgrade the lighting and add stylish mirrors to enhance the space.

Energy Efficiency

Energy Efficiency

Energy efficiency is increasingly important to buyers who are looking to reduce their utility bills and environmental footprint. Investing in energy-efficient upgrades can make your home more attractive and add to its value. While it may not be cost effective from an ROI point of view to totally update the efficiency of your home right before selling, keep energy efficiency in mind as you are making changes. If you can opt for an energy efficient option in a renovation you are already planning, it's likely to be worth the investment. 

Start with things like this:

  • Windows: Replace old windows with double-pane, energy-efficient models.
  • Insulation: Improve insulation in the attic and walls to enhance energy efficiency.
  • HVAC System: Upgrade to a high-efficiency HVAC system if your current system is outdated.
  • Water Heater: Install an energy-efficient water heater.
  • Smart Thermostats: Add smart thermostats that allow for better control over heating and cooling.

Flooring

Flooring

Depending on the age of your home and the wear and tear on the floors, you might find that updating the flooring will make a significant impact on the feel of the home and it's value.

Greg Smith of Boulder Home Source offers this information: "Floors endure a lot of wear and tear over the years, especially with kids or pets in the home. Updating your flooring can significantly enhance the aesthetic appeal and value of your home."

Types of flooring to consider:

  • Hardwood Floors: If you have hardwood floors, consider refinishing them. If not, installing hardwood or high-quality laminate flooring can be a great investment.
  • Carpet: Replace worn or outdated carpeting with new, neutral-colored carpet or other flooring materials.
  • Tile: Install new tile in kitchens and bathrooms for a clean, modern look.

Floor Plan Adjustments

If you're planning a major remodel, keep in mind that the changes you make to your floor plan should not only suit your needs but make the home easily sellable. Modern buyers often prefer open floor plans that allow for flexible use of space and better flow between rooms. If your home has a more traditional layout, making adjustments to create an open feel can be beneficial.

You might start by asking your contractor about incorporating these ideas:

  • Remove Non-Load-Bearing Walls: Consider removing non-load-bearing walls to open up spaces between the kitchen, dining, and living areas.
  • Kitchen Island: Add a kitchen island to create a focal point and provide additional counter space.
  • Archways and Pass-Throughs: Create archways or pass-throughs to connect rooms while maintaining some separation.

Ready to learn more about getting your home ready to sell? Contact us any time. 

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