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5+ Home Improvements That Increase Your Property Value
Upgrading your home can be exciting, but not every improvement is worth the investment. If you’re planning to sell or just want to boost your home’s value, it’s important to focus on upgrades that deliver a high return on investment (ROI). For example, a new garage door replacement, one of the most cost-effective home improvements, recoups an average of 102.7% of its cost according to Remodeling Magazine’s 2023 Cost vs. Value Report
In this guide, we’ll break down the upgrades that add the most value to your home, the ones that don’t, and how you can make smart decisions to increase both functionality and resale appeal. Let’s dive in!
1. Upgrades That Add Square Footage or Usable Space
One of the best ways to increase your home’s value is by making it feel bigger or more functional. Buyers love having extra space, and even small changes can make a big impact. Here are a few ideas:
Convert or Build a Home Office
With more people working from home, having a dedicated office space is a huge bonus. Whether it’s converting a spare bedroom or adding a small office nook, this upgrade can appeal to modern buyers.
Finish Your Basement
A finished basement adds livable square footage, which buyers see as extra value. Whether it’s a cozy family room, a home gym, or even a guest suite, turning an unfinished basement into usable space is a smart investment.
Open Up the Floor Plan
Knocking down a wall or two to create an open floor plan can make your home feel larger and more modern. Buyers love spaces that feel airy and connected, especially between the kitchen, dining, and living areas.
These upgrades not only make your home more valuable but also more comfortable while you’re still living in it. It’s a win-win!
2. Enhance Your Home’s Curb Appeal
First impressions matter, and your home’s exterior is the first thing buyers see. Simple updates to your home’s curb appeal can go a long way in boosting value and attracting potential buyers. Here are some projects that make a big difference:
Add Stone Veneer to the Front of Your House
Replacing plain siding or outdated materials with stone veneer instantly gives your home a high-end look. It’s a stylish upgrade that’s worth the cost because it adds both beauty and value.
Replace Your Garage Door
A new garage door doesn’t just improve the look of your home—it can also boost energy efficiency and security. Plus, it’s one of the highest-ROI upgrades for homeowners. For professional garage door installation and repair services, check out Supreme Garage Door to ensure the job is done right.
Upgrade Your Front Entry Door
Your front door sets the tone for the entire home. Swapping out an old door for a sturdy steel one or a stylish modern option makes your home more inviting and secure.
Repaint the Exterior
A fresh coat of paint is one of the easiest ways to refresh your home’s look. Stick to neutral, classic colors to appeal to the most buyers and make your home feel clean and well-maintained.
Update Your Mailbox and House Numbers
It may sound small, but little details like a sleek new mailbox or modern house numbers can tie together the overall look of your home. These upgrades show buyers that your home has been well cared for.
Add a Parking Spot
In areas where parking is limited, adding an extra parking space can be a huge selling point. Whether it’s expanding your driveway or creating a small parking pad, buyers will appreciate the added convenience.
These upgrades are all about making your home look great from the outside and creating a strong first impression that sticks with buyers.
3. Outdoor Living Upgrades Buyers Love
Outdoor spaces are a big deal for buyers—they want a place to relax, entertain, and enjoy the fresh air. Adding or improving outdoor features can make your home feel more complete and increase its value. Here are some popular upgrades:
Add a Deck or Patio
A deck or patio creates the perfect spot for outdoor gatherings. Whether it’s a backyard barbecue or a quiet morning with coffee, buyers love having this extra space to enjoy.
Install a Fire Pit or Outdoor Fireplace
Adding a fire pit or an outdoor fireplace creates a cozy vibe that extends the usability of your outdoor space into cooler months. It’s a feature buyers love because it makes the backyard feel like an extension of the home.
Build an Outdoor Kitchen
Outdoor kitchens are a showstopper for buyers. From grills to mini-fridges, having a cooking space outside can make entertaining easier and more enjoyable.
Dress Up Your Front Porch
A welcoming front porch adds charm and usability. Whether it’s adding comfortable seating, updating railings, or installing new light fixtures, it’s an upgrade that makes your home feel warm and inviting.
These outdoor upgrades not only boost value but also make your home more enjoyable for you while you’re still living there. A win for everyone!
4. Modernize Key Rooms Without Breaking the Bank
You don’t need to go all out with expensive renovations to make a big impact in key areas like the kitchen and bathrooms. A few smart, budget-friendly updates can go a long way in adding value to your home.
Do a Minor Kitchen Remodel
Instead of a complete overhaul, focus on small changes like painting cabinets, replacing countertops, or upgrading appliances. Buyers love kitchens that look updated and functional without the need for major repairs.
Refinish Hardwood Floors or Install Luxury Vinyl Planks
Worn-out floors can make a home feel dated. Refinishing hardwood gives them new life, while luxury vinyl planks are a cost-effective way to get the look of hardwood with added durability.
Upgrade Fixtures in Bathrooms and Kitchens
Replacing faucets, cabinet handles, and light fixtures is a quick and affordable way to give your home a modern look. These small touches make a big difference in how buyers perceive your home.
Paint Interiors in a Neutral Palette
Fresh paint in neutral tones like white, gray, or beige makes rooms feel clean and inviting. Neutral colors also make it easier for buyers to picture themselves living in the space.
These upgrades are simple, cost-effective, and can make key areas of your home feel modern and appealing to buyers. Plus, you can often do many of them yourself!
5. Boost Energy Efficiency and Lower Costs
Energy-efficient homes are a big draw for buyers. Not only do these upgrades reduce utility costs, but they also show that your home is up-to-date and eco-friendly. Here are some smart ways to boost efficiency and add value:
Replace Old Toilets with Low-Flow Fixtures
Switching to low-flow toilets is a simple upgrade that saves water and money. Buyers appreciate homes that are eco-conscious, and this small change can make a difference in their decision-making.
Install Energy-Efficient Appliances and Windows
Energy-efficient appliances and double-pane windows not only lower energy bills but also make your home more appealing to environmentally-minded buyers. These upgrades can also qualify for rebates, making them a win-win.
Upgrade HVAC Cooling and Heating Systems
An aging HVAC system can scare buyers off, especially in hot climates like Houston. Upgrading to an energy-efficient system provides peace of mind, lowers monthly costs, and increases your home’s value.
These updates show buyers that your home is not only comfortable but also cost-effective to live in, making it a more attractive option on the market.
Home Improvements That Don’t Recoup Their Full Cost
Not every home upgrade is a good investment. Some renovations cost more than they’re worth when it’s time to sell, or they might appeal to only a small number of buyers. Here are a few projects to think twice about:
Swimming Pools
While pools can be great for your own enjoyment, they often don’t add much value to your home. In fact, some buyers see them as a hassle due to maintenance costs and safety concerns.
Luxury Upgrades That Over-Personalize
Extremely high-end or unique upgrades—like extravagant home theaters, wine cellars, or custom finishes—may not appeal to the average buyer. These are often seen as personal preferences that don’t add widespread value.
Garage Conversions
Turning a garage into a living space can backfire, especially in areas where parking is in high demand. Buyers often prefer the functionality of a traditional garage over the extra room.
These projects might be worth it if they’re something you personally want, but they don’t always pay off when it’s time to sell. It’s all about finding the right balance between personal enjoyment and resale value.
Wrapping Up
When it comes to home improvements, the key is focusing on projects that add value while making your home more enjoyable to live in. Whether it’s boosting curb appeal with a new garage door, upgrading your HVAC system for better energy efficiency, or adding a deck for outdoor living, smart upgrades can make a big difference when it’s time to sell.
That said, not every renovation will give you a return on investment, so think carefully before diving into luxury upgrades or projects like garage conversions that may not appeal to all buyers.
By prioritizing the right improvements, you’ll not only enhance your home’s value but also create a space that feels like home for years to come. Now that you know which upgrades are worth it, you can tackle your next project with confidence!