When Dallas homeowners build a new home, or remodel their old one, they’re not just thinking of the enjoyment they’ll get from improvements. They have one eye toward the future when their investment could earn them even more. Homeowners should know what projects boost a home’s market value and which cost more than they’re worth. A family room addition or basement remodel can provide extra space and improve home value. Homeowners can expect to recoup approximately 80 percent of a minor kitchen remodel. A new front door dramatically improves a home’s exterior for an impressive return on investment. Here are some further upgrades that really pay off:
1. Family Room
Families need places to hang out. Renovating a space to serve as the home’s social hub adds an intangible value to your house that family buyers will love. Installed cabinetry and hard-wired entertainment systems increase that value.
2. Finished Basement
An unfinished basement means different things to different buyers. Some will love the chance to design their own space, while others will see it as more work in their already-busy lives. If you leave your basement unfinished, make sure it’s clean and dry. If you finish the space, use materials equal to the quality of surrounding homes and make the functions of that space stand out.
3. Kitchen Renovation
Buyers will always focus on the kitchen. Make sure yours tells them “you want me” with refurnished cabinetry, an added island, new water fixtures, new countertops, and energy-efficient appliances. If you’re buying new appliances, go the extra step and buy smart appliances.
4. Steel Entry Doors
Secure front doors speak to buyers in ways the rest of the house won’t. It’s the first impression they get of your home. Make sure it looks secure and new with a steel entry door.
5. Fiberglass Attic Insulation
Lower heating and cooling bills are important to potential buyers. Upgrade your home’s insulation with top-of-the-line R-30 insulation. Do it when you move in to maximize your savings, as well.
6. Smart Homes
Smart technology is here to stay. If you’re going to add smart appliances to your kitchen, go the extra step and upgrade the entire home. Add smart thermostats and a security system. Install a professional network. Make your home a beacon of technology for today’s tech-minded buyers.
7. New Windows
No one wants to experience cool, blustery weather inside their house. Make sure your windows are the most energy-efficient brand you can find, which will decrease your energy bills and pass that same benefit on to a potential buyer.
Going that extra step now could lead to a higher sale when the time comes to move on. Contact Tony McClung, a Highland Park based architectural designer with more than 50 years of experience, to upgrade your home today!