10 Stylish Home Upgrades to Boost Your Property’s Value
Discover 10 stylish home upgrades that can significantly boost your property's value and enhance its appeal to potential buyers.
One of the main advantages of buying your first house over renting is the potential for profit. As you pay off your mortgage, you build equity in the property based on the remaining loan balance and the house's market value. When the time comes to sell the home, the difference between those numbers becomes profit.
Growing equity is not the only way to increase your profits when selling your house. You also have the freedom to upgrade the property to boost its value. Home improvement projects can have great returns, sometimes even breaking even when you sell the house.
The key to investing in successful home improvements that boost the property’s value is understanding what will appeal to future buyers. Here are 10 ideas for stylish home upgrades that you should consider.
New Countertops
Maybe a complete kitchen remodel is slightly above your budget constraints, but you can still transform the kitchen's atmosphere with new countertops. This feature allows you to make significant aesthetic changes that also serve a function in meal preparation. Many luxury kitchens incorporate the color black, so black countertops could be a viable option for a modern design. You can also opt for butcher-block countertops for a more straightforward, more natural look.
Larger Windows
Natural lighting has many mental health benefits for homeowners. Perhaps you have a poorly lit family room or a home office that could use some brightening. Installing larger windows in these spaces, especially on sun-facing walls, can bring in more natural light, which will attract future buyers to the home.
Modern Roofing
The roof plays an important role in the home’s curb appeal and interior comfort. An aging roof can be a burden on your utility system. By upgrading your roof with modern materials, you can increase its life and create a more efficient home. Plus, sustainable building materials are becoming more popular for roofs without sacrificing aesthetics, so your new roof will look good and perform functionally.
Outdoor Kitchen
Many homeowners want to spend more time outdoors. An exterior kitchen is the perfect solution if you want to boost property value with an outdoor project. To make outdoor hosting much easier, you could install a brick pizza oven, a grill, some seating, and even a pavilion in your backyard. Your outdoor kitchen will epitomize style with the proper layout and materials.
Wood-Burning Stove
Perhaps an area of your home lacks heating, and the winter months make it unbearable to be in that room. One viable solution for this space is a new wood-burning stove. This appliance offers multiple benefits, including interior charm, a cozy atmosphere, efficient heat burning, and cost savings.
Deck
A deck is a great gathering place for the family on warm evenings. It can also be a simple project that you can do yourself if you have a little basic DIY knowledge. The framing is the most challenging part to master, but once you have completed the basic structure, the deck can come together beautifully with diverse building materials and colors implemented.
Garage Door Aesthetic Update
Let’s be honest: the garage door is not the most attractive feature of your home. However, some simple steps can quickly turn it into a highlight of the property’s curb appeal. You could throw a new coat of paint on it to complement the other colors of your home. Another option is to install some hinges and carriage house handles to make the garage door look like a carriage entrance.
New Entryway
The front door gives your visitors their first impression of your home. When selling, that front door should welcome all potential buyers into the house. An upgraded entryway that embraces modern styles can attract better offers from buyers. Many modern doors feature multiple windows and solid wood.
Energy Efficient Fixtures
If potential buyers can save money on utilities in your house, they might be willing to pay top dollar. Lights, low-flow toilets, and water-saving faucets embrace energy efficiency to help homeowners reduce their environmental impact and save money on standard utilities like electricity and water.
Garden
We cannot forget about the yard for boosting property value. A simple way to add color and life to the home and attract buyers is to put in a garden. You can embrace one of many garden themes in your yard, such as Japanese tea, nautical, English cottage, or even tropical.
What Upgrades Make Sense?
Part of making stylistic upgrades to your home is understanding how buyers in your market operate. For example, if you live in Texas, your home upgrades could further boost property value if they are based on the farmhouse style. Meanwhile, homes in California will likely prioritize energy efficiency and small carbon footprints. If people are using Oregon conventional loans to buy your home, then embracing the Pacific Northwest aesthetic in your home could attract more buyers. Home improvements make the most sense for property value when they reflect the modern needs of buyers in your market.
Start Planning For Your Next Home Project Today
Improving your home is a great privilege. Not only will you enjoy the changes, but you can also earn back a lot of your investment when you sell the house in the future. To start planning your next project, consider the budget, the aesthetic impact, and the effect that the improvement will have on property value.