Purchasing a home is an investment and one of, if not the, biggest purchase you’ll make in your lifetime. You might think that it’s your forever home when you buy it, but circumstances can change five, ten, or fifteen years down the line. Making improvements to your home increases its value, but you want to make the changes buyers want. Focus on these areas if you want your renovation to pay off when it comes time to sell.

Focus on the kitchen

Buyers have always wanted to have an updated and modern kitchen, but the demand is even higher for millennials, who make up the largest share of the home buying market. Kitchen remodeling is the number one way to boost your home’s value. A few simple changes such as updating the countertops, changing the floors, putting a fresh coat of paint on, and purchasing a set of new stainless steel appliances can give your kitchen a completely new look.

Energy efficiency

Home buyers are increasingly environmentally-conscious and want to save money on energy costs. You can lower your long-term energy costs by installing Energy Star certified windows or adding insulation, especially on the sides of your home with the most exposure to the elements. Replace lights with LED bulbs since they use significantly less energy, deliver high-quality and bright light, and last 20+ years.

Paint

Never underestimate the power of paint. It might be fun to paint your bathroom lime green, but potential buyers are likely to see that as more work to do. Focus on painting high traffic areas such as your living room in neutral shades since they appeal to buyers of all ages. If you want to do the work yourself to save on money, ensure you use higher quality paint since it lasts longer and looks better with fewer coats.

Smart technology

Technology continues to advance, and it’s time to add it to your home if you haven’t already. You don’t have to upgrade everything, but installing a smart programmable thermostat or smart lighting gives the impression of your home being modern. Millennials value these features even more than the boomer generation.

You don’t have to go to extremes, but making beneficial modifications to appeal to potential home buyers pays off in the end. Take advantage of these tips, especially kitchen remodeling, to increase your home’s value.

 

References:

Gilday | Smart Home Technology, In the Kitchen

Fletcher’s Plumbing | How to Add Value to Your Kitchen on a Budget

ElementalGreen | A 9-Step Checklist for an Eco-friendly Kitchen Remodel