Installing a mid-priced sink and faucet, and replacing outdated kitchen appliances with new, energy-efficient models, are changes that can quickly add value to a home. Other kitchen projects may include replacing the fronts of cabinets with new raised panel doors and drawers. Replacing old cabinet hardware is another low cost improvement that can help give your kitchen a different look. Choose a classic and functional design. Purchase hardware made from quality materials.
Increasing the Resale Value of Your Home
A new laminate countertop can give the kitchen a final touch. Amber Keefer has more than 25 years of experience working in the fields of human services and health care administration. Writing professionally since , she has written articles covering business and finance, health, fitness, parenting and senior living issues for both print and online publications. Keefer holds a B.
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Skip to main content. Saving Energy Replacing windows and doors that waste energy can be a wise investment when looking for ways to increase the resale value of your home. Check our kitchen planning guide for more information. Value-Added Buzzwords Stainless steel. For the latest spin on stainless, look for new versions of black stainless steel from KitchenAid, LG, and Samsung, each with a softer, less reflective finish but the same cachet as the original.
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Quartz countertops. Engineered from stone chips, resins, and pigments, quartz has started to challenge granite and marble as the go-to material in higher-end kitchens. It shrugged off heat, scratches, cuts, and stains in our tests, and it requires none of the upkeep of comparably priced natural stones. Finishing a basement is the most common way to add usable square footage to a home.
Attic conversions are another option. Many younger buyers will envision the additional living spaces as a dedicated office, especially if they work from home. Value-Added Buzzwords Flex rooms.
Mother-in-law apartment. More municipalities, particularly in Western cities, are amending zoning laws to allow for ADUs.
Tips to Improve the Resale Value of a House
Upstairs laundry rooms. Younger buyers in particular say they want a dedicated laundry room , perhaps off the kitchen or even near second-floor bedrooms. Older homeowners who have felt the sting of escalating energy costs tend to be driving the interest. But there are some early adopters among younger buyers, too, especially in regions of the country with more extreme weather.
Value-Added Buzzwords High-efficiency windows. LED lights. Choose the Feit Electric 60 Watt Replacement 9.
Many first-time buyers will have used up much of their savings on the down payment, so they want to know that the heating system, plumbing, and electricity have been recently updated. Central air conditioning is also in demand because it eliminates the need to switch window units in and out.
Value-Added Buzzwords Updated systems. In addition to including the age of the system, it helps if you can also point to its reliability. For example, Consumer Reports surveys have found American Standard and Trane to be among the least repair-prone manufacturers of gas furnaces. New roof. This will help assuage fears of water damage, ice dams, squirrel infestation, and other home disasters that can result from an old, shoddy roof.
Hardwood floors. More carpets are being replaced with long-wearing hardwood flooring with a durable factory finish.
Engineered wood flooring, which uses a thin veneer of real wood or bamboo over structural plywood, tends not to wear as well as the solid stuff, though it has the same look and tends to cost less, making it a good choice if you plan to sell soon. By , there are expected to be almost 80 million seniors accounting for 21 percent of the population.
5 Proven Ways to Increase Home Value - NerdWallet
They removed the wall leaving about two feet on each end , sanded the hardwood floors, and added an island in the kitchen—which created the open look people prefer. Or, simply add square footage through a second bathroom, family room or four-season room. Meghan Chomut, a certified financial planner who specializes in supporting families and property owners, says adding another decent-sized bedroom alone can broaden your buyer list if you sell, since many people will always consider more bedrooms than their family requires, but rarely consider looking at properties with less.
Finally, you can also focus on creating additional living space, such as finishing a basement, building a deck or converting an attic. People are showing a greater tendency to stay in the home they already have and improve it rather than moving. As a first-time home owner in the Midwest, I cover common real estate questions and topics. In addition to Forbes, I freelance for a variety of outlets and work as a con Share to facebook Share to twitter Share to linkedin.