Homeowner Amanda Caswell

Home Renovations that Increase the Value of Your Home

If you intend on selling your home, the upfront expense of home renovations is often worth it. Buyers are likely to spend more on a home that has new and updated renovations. If you plan on staying in your home after making home renovations, you’ll appreciate your home even more. From new windows to filled attic insulation, you’ll save money in energy costs and other valuable ways. Spring is a great time to make renovations. The days are warmer and buyers are more likely to purchase in the summer. You will get more for your home if you sell it in the summer. These are simple home renovations that can make all the difference to the value of your home.

Home Renovations: Fill loose Attic Insulation

One renovation that is often forgotten is filling loose insulation in the attic. Adding attic insulation has a national average of increasing cost recoup by 107 percent. It’s among the only home renovation projects that not only recoups the cost while also adding to the overall resale value of your home. It’s important to contact your Fairmarket contractor as installing insulation yourself can be extremely tricky. Loose fill fiberglass insulation is not something you should handle yourself. The cost of installing the insulation has risen by approximately 6 percent in the last few years.

Update or Replace Stone Veneer

Stone veneer is a beautiful asset to any home. With an average of nearly 90 percent of the home renovation project recouped in resale value, this one is a no-brainer. A Fairmarket contractor can add stone veneer or do a replacement job for you. By updating or replacing the stone veneer on your home, you will not only add curb appeal to your home, but also increase the value.

Home Renovations: Entryway Replacement

Go for a steel entry door to increase the resale value. Although the upfront cost can be pricey, the average recoup of a replacement entryway is approximately 91 percent. A Fairmarket contractor is happy to help you decide on the right replacement door for you. They can also conveniently install it for you. Similarly, if you have a fiberglass door, a replacement adds value and you can recoup 85 percent of the cost.

Do a Minor Remodel of the Kitchen

All too often homeowners think remodeling means all or nothing. They assume that if they don’t spend hundreds of thousands of dollars on renovation than it is not a true home renovation. However, that couldn’t be further from the truth. A minor kitchen remodel ranging from $15,000 to $20,000 will recoup nearly 90 percent of the cost in resale value. This update to the home is great for you as well as intriguing to buyers. Updating the lighting is another minor improvement that can go a long way. Kitchens are not only a place to cook a meal, they are often the main gathering area in the home. From adults to kids, the kitchen is a special place.

Installing a backsplash in the kitchen is another way to instantly update the look while adding value to the room. Although the kitchen has the possibility of high-priced remodeling options, the kitchen backsplash does not have to be expensive. Get creative with various tiles and colors. If you intend to sell your home, be sure to give the backsplash a classic look rather than a unique artsy one. Most people prefer a simplistic look. Having the right backsplash and kitchen lighting solution can make a big difference. Check with your Fairmarket contractor to get ideas about what is right for you home.

Home Renovations: Replacement of Garage Door

We’ve mentioned the importance of a functional garage door with curb appeal. Replacing a garage door is among the least expensive types of home renovation. When you replace your door decide what design and color you want. Because a typical garage door will last for several years, be sure your choice will stand the test of time. Meaning, try not to go too crazy with color trends or designs.

Replace the Windows, If Needed

If you follow our guide, then you have a pretty good idea when to replace your windows. From cracked or broken screens and frames to a continuous draft, the signs are often obvious. Windows can be very expensive. Talk to your Fairmarket contractor to decided what type of windows would work best for your home. Wood or vinyl are classic choices.

Home Renovations: Roof Replacement

Depending on how long you’ve been living in your home, you may need to replace the roof before selling it. Roofs last around 20 years. Sometimes a patch will do, other times an entire new roof is needed. Replacing the roof before selling the home can be a good investment.

Focus on Structural Elements

When determining the value of a home, appraisers typically look at the structural element. This means that everything from the foundation to the siding on the home is evaluated. To add value to your home, replace siding and increase the curb appeal. Good siding can intrigue a buyer driving buy to come in and take a look at the rest of the house. Do not skimp on this home improvement.

Home Renovations: Backyard Landscaping & Deck Addition

A serene landscape can make the backyard of any home feel warm and inviting. From backyard patios to pool decks, having the right backyard flooring and landscaping is important. If your home does not have a deck, adding one can increase the resale value of your home.

Homeowners, particularly in warm weather areas, enjoy deck additions as a way to enjoy time outside. Fresh air and making the most of the backyard space are also reasons why deck additions are so popular. You can take the look even further by enhancing your deck with lighting. Good lighting can make a deck a great place for entertaining at night.

It is also a great way to add extra security to your home. The extra light can make all the difference for kids playing in the yard or for letting the dog out, and so much more. The extra visibility can be important for many reasons. Low voltage systems are the best as they are far less dangerous than typical household wiring.

There are several methods for approaching a deck lighting system, so talk to your Fairmarket contractor for the best options. They will be happy to design and determine the right deck, lightning, backyard landscaping and backyard flooring for your home.

Make it a Smart Home

Smart home technology is more than a trend, it’s quickly becoming the norm. According to Statista 33 percent of current homes have smart home technology. By the year 2021, that number will double. Smart homes are valuable to monitoring the home in a variety of ways. From detecting a leak in your water heater to keeping your home at the perfect temperature, smart homes are significantly more valuable than others.

Refresh and Update Paint

Chipped paint or discolorations can make a room look dull and dirty. However, a fresh coat of paint brightens the room and refreshes the look. Neutral colors go a long way. Discuss paint options and ideas with your Fairmarket contractor. From one room to the whole home, they can help you refresh chipped and old paint.

Refinish the Basement

Refinishing a basement can instantly become an entire new room and extra space to your home. That increases the value and makes it more intriguing to buyers. This useable square footage is great for an office space, home gym, or fun game room as an entertainment space. The value that a finished basement brings to a sale is enormous. It can be a major selling point if you intend to sell your home this summer.

Home Renovations: Rip Up Carpeting

Hardwood or laminate is expensive, but it can be a great way to update the look of your home while increasing the value when it is time to sell. Plus, laminate and hardwood can be much easier to clean than carpet, are more durable, and had a chic look to any home. Remember, you don’t have to remove all carpet. For example, carpeting in the bedrooms is often preferred. When showing your home be sure to add area rugs to pull the look together.

Where to Start Your Home Renovations

If you’re wondering where to start first, a fresh coat of paint offers the biggest bang for your buck. This is arguably the easiest and best way to update your home without doing much in terms of home renovations. Whether you pick one room or several, a fresh coat of paint can make the rest of the décor pop. A licensed Fairmarket contractor would be happy to take on any of the home renovation jobs here – or any others you may have in mind. Getting your home ready to sell this summer is no easy task. Let our Fairmarket contractors take some of the stress away for you. Contact one today!