Do you want to increase your home value? Perhaps you want to renovate your home or summer house to increase the value of your property so that you can rent or sell it.
Whichever your reason for renovating your house, you’ll want to know that your money is effectively spent. Unfortunately, many home improvement solutions are simply too expensive— and they usually don’t contribute much to the value of your property in the long run.
However, there are several excellent home improvement choices that may dramatically increase the value of your property in 2022.
Projects that provide useful space, improve the house’s aesthetics, and add luxury functional components are home improvements with the highest return on investment. In this guide, we’ll go through the best strategies to increase the value of your property and make a profitable investment.
1. Start with a Home Inspection
You might think that your home just needs a new coat of paint or a patio to boost its value. In reality, your home might need some structural upgrades that you may not be aware of. Not all house improvements that add value are purely aesthetic.
You can’t fix a damaged roof, a termite infestation, or an antiquated electrical system if you don’t know it’s broken. Invest in the services of an inspector to examine portions of your home that you don’t regularly view.
They may uncover hidden issues that have the potential to depreciate the value of your house. Small problems, such as a concealed water leak or pest problem in its early stages, may soon turn into a very expensive problem. The longer you wait to fix them, the more expensive they will become.
2. Consider Making Your Home a Smart Home
When it comes to improving your home value, it’s vital to consider future homeowner needs. Installing smart technology is a terrific approach to increase your home’s attractiveness to tech-savvy purchasers.
Smart gadgets, appliances, and controllers are slowly but steadily being adopted by families all over the world. They will become the standard sooner or later, which is why giving your own house a head start is appealing.
Anything and everything can be given a digital makeover, from security systems to refrigerators to smart TVs to home lighting control systems. “Smart” home technology refers to improved control and connection, which allows you to operate your gadgets from a central location.
There are so many different products and systems accessible on the internet that may be installed without the assistance of a professional, unless you’re particularly tech un-savvy (no judgment here).
3. Consider a House-Wide Paint Job
A fresh coat of paint applied at the appropriate time adds additional aesthetic appeal to a property. This is true for both interior and exterior paint. A fresh paint job may make a huge impact in the eyes of potential home buyers.
When a home has recently been painted, potential buyers see it as one less thing to worry about if they make an offer. When repainting a home before placing it on the market, use a neutral color that will appear to a potential buyer as a blank canvas. Try to avoid anything that is overly personal or contentious.
Choose something classic and timeless.
4. Upgrade Your Old Wood Cabinets and Baseboards
Dark brown wood cabinets and trim are common in homes constructed in the 1980s and 1990s, but they now appear obsolete. Simply paint the wood white and replace the old cabinet handles, hinges, and knobs for a brighter, more contemporary look right away.
In this same vein, consider replacing your old dark wood baseboards. New baseboards give a property a subtle but significant facelift. If you show purchasers a property with new baseboards and a similar house with ancient baseboards, they will view the first home as newer and more valuable, even if they don’t know why.
5. Consider Replacing Your Old Garage Door
When it comes to recouping your investment, a nice-looking garage door is at the top of the list. Expect to pay around $3,800 for a garage door replacement in 2022, with a resale value of around $3,530.
That estimate takes into consideration the cost of removing and destroying a 17 by 8-foot garage door and replacing it with four-piece doors with heavy-duty galvanized metal tracks.
This price also implies you’ll keep your existing motorized garage door opener, however you may choose to replace it. When you sell your property, this curb appeal booster might help you recoup nearly 93% of your investment.
6. Give Your Air Quality a Boost
This is especially profitable if you live in an area with high pollution. It’s not only about the weather outside when it comes to air quality.
If you have older carpets in your house, mold and allergens may be hidden beneath them. The first step is to contact an expert to assess your indoor air quality to see if your carpets need to be replaced.
If the findings show that your carpets need to be changed, go for natural items such as tile or laminate flooring and skip the carpet. Hard-surface flooring is easy to maintain, don’t retain odors, offer your property a more modern appearance, and are more enticing to today’s homebuyers in general.
7. Consider Solar Panels for Long-Term Value Growth
Solar-powered homes are a recent trend that has homeowners wondering if they would boost the home value of their property.
So far, solar paneling appears to be promising. It’s critical to examine what will be regarded as important and appealing to house purchasers in the future, as we said previously in this post.
Solar panels are becoming increasingly widespread in residential communities and a hot item on the home market as more individuals make an attempt to live sustainably. Solar panels boosted the overall home value of your property by 4%, while the exact number depends on factors like location, weather, items utilized, solar suppliers, and so on.
Homeowners who put solar panels on their roofs enjoy lower utility bills, energy independence, and the satisfaction of knowing they are helping to minimize their carbon impact. Even if you don’t plan on moving anytime soon, solar panels have their benefits.
8. Install a Hot Tub or Swim Spa on Your Property
Purchasing and installing a hot tub, swim spa, or in-ground pool can absolutely boost the value of your home. However, there are a few key things to consider to really get the most out of your hot tub in terms of home value.
Making a spa appear like a part of the property is the key to getting the most value out of it. When a spa is built-in or in-ground, it has a significant impact on the home’s pricing. Spa vaults, spas constructed into rear patios and decks, and any spa directly connected to a home’s water systems are all examples of this.
The value of a hot tub is also affected by attractive landscaping. Building around the spa as a fixture gives it a more permanent sense while also allowing it to fit in more aesthetically. Consider erecting a deck around the hot tub, constructing a patio exclusively for hot tub use, erecting a pergola or gazebo, or building a set of steps.
The look and quality of the hot tub itself can also play a role. When it comes to catching the interest of house buyers, presenting a clean and well-maintained spa pool is certain to make a difference.
Having a hot tub hideaway may be a huge selling factor if you live in a colder environment or have a seasonal vacation home in a chilly place. In terms of bookings and owner return-on-investment, hot tubs may be a significant value-adding feature.
Let’s not forget the other benefits of owning a hot tub. They’re so comfortable, they boast hydrotherapy benefits, they are great for entertaining, and they can pull the look of your home together.
Boost Your Home Value With a Hot Tub
There are so many excellent ways to boost your home value, and the installation of a swim spa or hot tub is one excellent decision to make. Not only will a hot tub boost your home value, but you will also enjoy all the benefits of a luxurious swim spa in your home. However, not all hot tubs and swim spas are of equal quality.
For homeowners in Salisbury, Maryland, we’re proud to offer the best of the best in the swim spa industry at Pool Tech. In addition to top-quality Sundance® Spas and custom pools, we also offer water care essentially and maintenance and repair services for hot tubs.
Get in touch with our team today and stop by our showroom to see our unique offering of luxury hot tubs!