Whether you plan to list your home or live in it for many years, there are several home improvement projects that can add lasting value to your home. With housing prices rising across the country, it’s a good time to buy a plain Jane home that may need some upgrades. But, it can take several years to customize the home according to your own taste and budget. However, making small improvements one year at a time can give you tremendous satisfaction.
Experts say home renovations often boost home value by as much as 12 percent. So, if you want to add lasting value to your home, read on to learn these four steps.
Install Crown Molding
Crown molding only works in homes with traditional flat ceilings as opposed to vaulted ceilings. So, you may not be able to add crown molding to every room. But it gives rooms a clean, classic look. Typically, you can add wood crown molding to the top edge of your walls where they meet the ceiling. Crown molding can add lasting value to your home by giving it a sophisticated look.
Give Your Bathroom a Facelift
Some experts claim it costs between $35,000 and $65,009 to do a full bathroom makeover. But the most important aspects include changing out the toilet, shower head and other fixtures. It’s inexpensive to add new hardware to the bathroom cabinets or change out mirrors. And best of all, it is not complicated, either.
Create a Cozy Space in Your Kitchen
Kitchens are not just for cooking. Families often work on projects or help children with homework at the kitchen island. Some inexpensive upgrades and improvements to boost your home’s long-term value include adding attractive glass or tile backsplash.
If you have ordinary white countertops, try bleaching them before buying expensive upgraded materials. When you have the money to change out the kitchen countertops, explore recycled glass countertops as an eco-friendly option.
Add Color to Your Interior Walls
Before painting a single room in your home, find a color collection palette that the major paint manufacturers usually suggest. The beauty is that you save money by not having to hire an interior designer, yet the paint color palette can create room-to-room harmony. Also, choose a palette that brings out the charm of your home and blends in well with your tastes.
If you live in a tropical area, choose coastal cool colors. If you live in the mountains, opt for warm colors. Painting is one of the least expensive home improvement projects you could do. But don’t make the mistake of choosing a trendy color. Pick an on-trend color with a more lasting appeal.
Remember, you won’t recoup all the money you spend on renovations. Experts say a major kitchen remodel only recoups about 65 percent of the money you invest. However, for the best return-on-investment, simply do a deep cleaning. Add some plants and new draperies and rugs. Also, replace old, damaged flooring with quality, budget-friendly options.