Best Home Improvements to Increase the Value of Your Home


Whether you’re planning to sell your home in the near future or simply want to spruce up your house, investing in the right home improvements can make a significant difference in the appearance and market value of your home.

But which home improvements are worth the money, and which renovations are a waste of time?

Not all renovations are worthwhile, depending upon the age, size, and current condition of your home. On top of that, much of the value in the renovation project that you choose will vary by city, state, and even the zip code that you live in.

Exterior Renovations

According to the 2010/11 Cost versus Value Report from Remodeling Magazine, nine out of the top ten home replacements in the US are exterior renovations. If you’re looking to increase the resale value of your home, replacement projects yield a better return than any other type of home improvement or remodeling.

Much of the reason is because exterior renovations are less expensive than interior home improvement projects. On top of that, an exterior renovation will immediately improve the curb appeal of a home to make it more attractive to potential buyers.

Basic Interior Improvements

For any homeowners that have decided to remodel a large room, like a kitchen, home office, or bathroom, it yields a much smaller return when the home is sold, based on market value. According to ABC News, remodeling a kitchen will only return $597 of every $1000 that is spent. When compared to basic exterior renovations, like replacing a garage door, siding, or windows, it could offer a return of up to 100%.

After you invest in sprucing up the exterior of your home, spend the rest of your budget making basic fixes in the interior. This can be done much more inexpensively and efficiently than completely renovating the interior of your home. Cleaning the rooms, updating the paint, and replacing the carpets can work wonders to increase the sale price of your home and attract a buyer.

Home Security

In addition to considering the basic cost of home renovations, home security can quickly increase the value of a home by offering advanced protection with an alarm system. Even installing a standard alarm system will ensure that all of your valuables are protected inside of your home. And in the event that you choose to sell, an alarm system is an additional feature that you can use to increase the sale price of your home and attract potential buyers.

Make no mistake that an alarm system is an important home renovation to consider, even if you live in a safe, quiet neighborhood. Most burglaries occur in the daytime when people are at work or at school. This is the case, regardless of the type of neighborhood or the area of town you live in.

To avoid burglary, consider a home security system to be the foundation of any home improvements that you make to increase the value of your home. Most home buyers will appreciate the fact that a home is already protected with a security system. You may be able to increase the sale price of your home even further if the security system is advanced – equipped with wireless technology, WebCams, and mobile phone alerts.

 

Sylvia Rosen is an online writer with a background in newspaper journalism. She enjoys writing home improvements articles that offer tips such which home security system is best.

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