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10 Investments to Boost Your Home's Value
10. Front Yard Makeover
Whether it's a nice paver walkway or simply adding some color to your planters, keeping your front yard looking fresh is not only inexpensive, but also adds nice curb appeal. In the case of home improvement, a book is always judged by its cover.
9. Furnace/HVAC Replacement
This is usually not on the top of anyone's mind when it comes to home improvement, but between the rebates and the energy savings, replacing a forced-air unit can start to pump not only comfort, but money into your living space. If buyers see a new furnace/HVAC unit, there is usually hear a sigh of relief.
8. Adding Attic Insulation
If the insulation in your attic is not up to par, close to 30 percent of the nice, warm, comfortable air that your furnace is producing is going out the window. Laying insulation is an easy DIY project and the materials are pretty inexpensive.
7. Brighten Up Your Space
No one likes a dank, dark living space. Well, some people may like that sort of thing, but not anyone that likes keeping up their home's value. Throw in some can/recessed lighting in the kitchen and bathrooms to brighten the place up.
6. Update Plumbing
If you have old, rusty iron pipes and fear that you have ingested enough metal in your drinking water to build a small ship, you might want to consider replacing the plumbing. Believe it or not, an appraiser takes the plumbing into heavy consideration when assigning the value to a home. Back in the day, it used to be a huge undertaking with walls being torn up and drywall flying everywhere. Nowadays though, re-piping is usually done with PEX (basically plastic tubing) that is extremely reliable and can be run through your walls like an extension cord. This means less holes and a lot less mess. It also means less money spent on materials and labor. Heavy metal should be only used to describe music and not the water in your home.
5. Engineered or Real-Wood Floors
Notice I wrote "engineered or real" and not laminate. People are getting very educated when it comes to wood floors. They can sniff out the cheap laminate stuff.
4. Remove the Paneling and Popcorn
The two things that scream "I'm old and I need help in a bad way!" The first is wood paneling. Don't fool yourself, that look is NEVER coming back. Especially if you have the old MDF wood panels with the high-gloss finish. Rip it out and put up some drywall. If you really like a "wood" look, use reclaimed wood installed horizontally. It looks amazing, it's not a huge or expensive project and it will instantly throw some value into your home. The second must-go item is popcorn ceilings. I am not going to go into too much detail because it is obvious. A home that looks modern will fetch a more modern home value.
3. Boost the Bathroom
You don't have to go crazy: Install new fixtures, re-grout the shower, add crown molding and brighten up the room with some paint. I really like the new textures they have for wallpaper nowadays. Yes, you heard me: wallpaper. A little texture can make a bathroom go from a plain Jane to a beauty queen. Just a few little improvements in a bathroom can be a really smart way to spend your money.
2. Basement or Attic Renovation
If you have a basement or a big attic, finish it out. Whether it's making the man cave of your dreams or an extra bedroom for your ever-expanding family, finishing your basement or attic can inject instant equity and square footage into your home. Just make sure a permit is pulled and all the codes are followed. If not, the square footage may not be added to the rest of the house and may not be considered a "livable" space. Different states have different codes, so make sure to hire a contractor that's on the ball.
1. Kitchen Is King
And sometimes queen. Unless your home is falling down around you, the smartest place to put your hard-earned dough is in the kitchen. When I hold an open house, the first thing buyers do is make a beeline to the kitchen. That's where all the "magic" happens, so to speak. Now, I can give you the whole speech about putting down tile, stone, nice under-mount sink and yada yada yada. We have all heard it a million times over to put stainless steel appliances in the kitchen. We get it! Instead think about your layout and workspace. They call it the triangle. Basically it is the space where your cook area, sink and dishwasher meet to create an effortless flow when working. How far is your cooktop from your sink? Is your dishwasher close to the sink? Are you tripping over stools and a butcher-block table to get from one corner of the triangle to the other? If you have the means to invest some money into your kitchen, make sure to place all your new toys into a nice flowing workspace.
Tips provided by Matt Blashaw DIY Network