3 Things That Make Home Improvements Worth Their Cost
If you have money to invest in your home and you are looking for improvements that will add the most value to your home, then you may have come across a few charts listing the general resale value of common upgrades. Before you dig into one of the top ten home improvements, it is important to assess why these types of home improvements are popular and how they increase your property's value.
High Visual Impact
Upgrading items such as the entry door, garage door, siding, and windows of your home make an immediate visual impact on people passing your home and visiting your home. When you want to sell your home, these features can make the difference between someone calling to book a viewing of your home or driving past and deciding that your home is not what they are looking for.
Interior improvements should be concentrated in highly frequented areas, such as the kitchen and bathrooms. These are areas that both residents and guests will use and see often, making them a good area for improving visual impact.
Increase Comfort and Reduce Energy Bills
The second cost effective type of improvements are improvements that increase the overall comfort of the home by regulating temperature throughout the year. These home improvements also tend to reduce the energy bills of the home. They include things such as installing new insulation and siding or upgrading your windows.
It is also important not to overlook less obvious natural options, such as increasing your home's ability to use passive heating and cooling throughout the year. Although most passive heating needs to be designed into the initial construction, well-designed additions to your home and renovations can increase your home's ability to store heat throughout the day.
Increase Living Area
The final high-return type of home improvement is one that increases the living area in your home. This includes finishing the attic or basement or adding a deck to your home. You may also consider turning your deck into a sun room for continued use throughout the cooler months.
Before you start renovations on your home, it is important to assess which improvements will give your particular property more value. You should also take into consideration how long you intend to stay in the home and how appealing each type of renovation is to you. However, you will rarely go wrong with a renovation that addresses one of these primary areas of interest.