Home improvement projects add value to your property. However, not all improvements are worth the cost. You should consider your neighbors’ tastes and the style of homes in your neighborhood when planning upgrades. You should also make sure that your improvements are capital improvements, not repairs.
Save receipts and invoices for all your renovation expenses. Keeping documentation can help you reduce your tax bill when you sell your house.
Curb Appeal
Curb appeal is a home’s first impression, and it can make or break a potential buyer’s interest in a property. According to a study by the Journal of Real Estate Finance and Economics, homes with high curb appeal sell for up to 7% more than similar houses in the same area. This is because a well-maintained exterior gives the impression that the inside of the home is also well taken care of.
A well-manicured yard and garden are key to creating a positive first impression. Adding eye-catching details to the front yard can help make a property stand out, such as a trellis and flowers for an attractive living wall.
In addition, a well-maintained exterior can boost the overall resale value of a house. For example, a new paint job and clean landscaping can be inexpensive and increase the chances of a quick sale. In addition, buyers are more likely to overlook minor disconfirming details such as carpet stains or an outdated mailbox if they see that the home has been maintained well.
Energy Efficiency
Adding energy-efficient upgrades to your home can lead to substantial savings on your utility bills and help reduce carbon emissions. In addition, these improvements contribute to a healthier environment and a more comfortable living space year-round. And, many of these improvements are eligible for tax credits and rebates.
Homebuyers are increasingly looking for energy-efficient features. In fact, a study by Earth Advantage Institute found that homes with green features sell for 30% more than those without. Additionally, homes with sustainable certifications such as LEED and Pearl Certification can also see an increase in value.
In addition to saving money and increasing home value, energy-efficient improvements make for a more comfortable living environment. For example, insulating your home and air sealing can greatly reduce your heating and cooling costs. In turn, this creates a more comfortable environment for you and your family. In addition, the upgrades can significantly improve indoor air quality, reducing moisture and allergens.
Interior Design
There are many different types of interior design, but they all aim to make a home more appealing and comfortable. Some common tasks performed by professional interior designers include space planning, lighting design, furniture layouts, material selection and color consultation. They also ensure that preliminary designs are safe, functional and aesthetically appropriate, and meet all public health, safety and welfare requirements.
Interior improvements can increase a home’s value in several ways. Investing in high-quality materials and fixtures can make your home feel more luxurious, and may help it sell faster. In addition, smart layouts can maximize storage and create a seamless flow between rooms. By hiring a professional interior designer, you can choose the best upgrades that will have the biggest impact on your home’s value.
Safety
Home improvements can enhance a property’s value and help sell it when the time comes. However, it is important to understand that not all upgrades add value. Generally, only those that are in line with the style and value of other houses in the neighborhood are likely to attract buyers and make a return on investment. Avoid those that are too personalized or exceed the average cost of similar homes in the area. Ideally, keep receipts and invoices to document expenses for tax purposes.