Updating your home is important for many reasons. Not only will certain projects improve the look and function of your home, but many updates can increase your home's total value. These improvements can make your life easier while making your home more appealing to potential buyers if you ever need to sell. Unfortunately, most homeowners do not know where to begin when they want to invest money in home updates. With this guide on most equitable updates, you can improve function, add appeal, and increase the total value of your home.
Updating the exterior of your home with new siding offers many benefits. From a change in your home's basic style to having a clean, modern exterior that instantly improves your curb appeal, it is easy to see the benefits of replacing your siding.
Replacing your vinyl siding with new vinyl siding will improve your home's curb appeal and value. However, replacing vinyl with fiber cement siding is a smarter financial move. On average, updating your home's exterior with fiber cement siding will offer an 86.7 percent return on your investment.
If your home does not have a deck or patio, consider adding one now. If your home does offer some sort of deck or patio, invest some money into extending or enhancing this outdoor living space.
Extend your deck or patio to make it larger, allowing you to entertain more guests at one time. Or, enclose a portion of your deck to create shelter when relaxing and entertaining when it is cooler or their begins to rain or snow.
Built a fire pit on your patio or in an area of your backyard to enjoy time outdoors at night or in cooler weather. Surround the pit with comfortable chairs. For just a few hundred dollars, this fire pit area will add enormous appeal, value, fun, and relaxation to your outdoor living area.
Landscaping your outdoor living space is also an inexpensive and easy way to add value to your home. Plant trees around a sunny deck or patio to create shade. Flowerbeds filled with colorful perennials and lush, green shrubs will also make your outdoor space more attractive.
Considering an estimated 98 percent of buyers want a home with a deck, patio, or terrace, ensuring your home has an outdoor living space is a great investment.
Installing energy-efficient options in your house offers benefits that may surprise you. Not only will you experience a reduction in your monthly electricity bills and an increase in your home's total value, but you will also be joining the fight against energy waste, which will benefit the environment.
To get started, consider replacing outdated appliances with new models certified by Energy Star. Although the total amount of energy savings will depend on a few factors, new Energy Star certified appliances can reduce your monthly energy and water bills dramatically.
Replacing an old refrigerator with one of these energy-efficient models can save you an estimated $270 over the next 5 years. In addition, new washer and dryer, dishwasher, and oven can improve your energy conservation efforts even further, which will help you save a great deal of money over time.
Updating a few light fixtures in your home will also help conserve energy while adding appeal and value to your home. Replacing outdated fixtures in your kitchen, living area, and bathrooms with modern LED lights will decrease energy costs while using a whiter, brighter light. With just a small investment, you can brighten your home and decrease energy costs.
New exterior siding, an outdoor living space, and energy-efficient upgrades may be simple updates, but they offer a high return on investment.Share