Home Improvement – Add Value to Your Home and Increase Your Home’s Resale Value

Home improvement is an industry that encompasses the sale of building materials, appliances and decor and the services offered by contractors and tradespeople who work to remodel, repair, upgrade and improve homes. This business is a significant part of the economy and is growing.

Despite higher material costs, homeowners are not deterred by high mortgage rates and are still completing home improvements to add value to their homes and increase their resale values. According to a recent survey, nearly half of all homeowners are planning to do at least one home improvement project this year.

There are many ways to renovate your home, but the most important thing is to make sure you choose a renovation that will add value. Having a professional real estate agent review your plans before you begin any major remodeling projects can help ensure that you’re making changes that will be worthwhile when it comes time to sell.

A few common home renovations that are often viewed as a good investment include re-siding the house, replacing windows, putting on new flooring and adding a master suite to a home. These are generally less expensive than other projects, and they will likely yield a much greater return on investment when you go to sell your home.

Replacing windows can dramatically increase your home’s energy efficiency, reducing the amount of money you spend on utility bills each month. These projects can also give your home a more complete look, which will help attract buyers.

Increasing your home’s insulation is another great way to add value and save money on your utility bills. Insulating your walls, ceiling and attic will reduce the amount of energy you use, which means lower utility bills over time.

Re-tiling is another popular home renovation that can have a large impact on your home’s value. Tiling requires a lot of time and effort, and can also be a big cost, so be sure to choose the right tile for your home’s style.

In addition to being a good investment, re-tiling can also improve your home’s resale value because it gives it a more modern look. A recent study by the National Association of Realtors found that re-tiling a home’s bathrooms can boost its resale value by as much as 30%.

Bathrooms are the most popular rooms for home renovations, with many people looking to upgrade or remodel the space. Some of the most popular projects for this room include re-tiling the floor, installing new fixtures and adding a shower or tub.

Kitchens are also a popular area for re-tiling, with many people wishing to add a backsplash or new counter tops. A few simple updates, such as re-tiling a kitchen sink and installing new countertops, can dramatically change the look of your home.

A smart thermostat can also add value to your home, adjusting to the latest energy prices and letting you know when it’s time to turn on your heater or air conditioner. It can be expensive to install, but it is worth it when you think about how it could save you money on your energy bill each month.