7 Property Upgrades That will add Value in Today’s Housing Market
Many homeowners choose to make updates or repairs to increase the value of their property. It’s important to remember that the norms for home upgrades may have changed since the market crashed in a tough housing market. A few home upgrades consistently generate a high return on investment (ROI). So, which upgrades still make sense in today’s market?
1. New Siding
Siding is a great way to improve the overall look of your home, and it can also add value. If your home needs new siding, now is a good investment. If your home currently has vinyl siding, consider replacing it with something more luxurious, like cedar shake siding.
2. A New Roof
A new roof is a wise investment in any housing market. It can add value to your home and also make it more energy-efficient. Asphalt shingles are a popular choice among homeowners, but metal roofs are becoming increasingly popular. In addition, a new roof will protect your home from the elements and could even lower your insurance premiums.
3. A New Deck
Adding a new deck or patio is a great way to add value to your home. Outdoor living spaces are becoming more and more popular, and you can use them for entertaining, relaxing, or even working from home. If you have an area, this is an upgrade that will pay off in the long run.
4. A New Kitchen
A new kitchen is always a good investment. Whether you’re planning to sell your home soon or stay put for years to come, an updated kitchen will add value to your property. A new kitchen can be a central selling point if you’re planning to sell. Buyers are always looking for homes with updated kitchens and bathrooms. If you’re not planning to sell anytime soon, a new kitchen will still increase the value of your home and make it more enjoyable and cozy.
5. A New Bathroom
Like a new kitchen, a new bathroom can be a significant expense – but it’s also one of the best ways to increase the value of your home. Updating your bathroom is one of the smartest investments you can make in your home. Not only will a new bathroom increase the value of your property, but it can also provide you with years of enjoyment.
6. A New Garage Door
If you’re looking to give your home an instant facelift, a new garage door is a great place to start. It’s a relatively affordable upgrade that can make a big difference in the curb appeal of your property. A new garage door can give your home an instant facelift, and it’s a relatively affordable upgrade.
7. New Windows
Replacing your windows is a great way to improve your home’s energy efficiency – and it can also add value. Installing new windows is a great way to enhance your home’s appearance and energy efficiency. New windows can save you money on heating costs in a cold climate.
Final Thoughts
Making home improvements is a great way to add value to your property. Whether you’re planning to sell your home soon or stay put for years to come, these upgrades will make your home more enjoyable to live in and increase its value.