In the world of interconnected kitchens, solar panels, home batteries and massively expensive home theaters, what projects really add value to your house? Is it the new internet of things tech you see at CES or Home Improvement Conventions? Or are the more traditional projects more likely add a lot of value? As it turns out, it’s a mixture of both. Here’s why:
Traditional Home Improvement Projects:
If your roof leaks, your foundation is rotting, your water doesn’t get hot, and your plumbing resembles something from the third century then that is going to drastic negative effect on the value of your home. The basics matter, and they matter a bunch. Make sure your take care of the issues before you move on to the shiny stuff. Good plumbing, foundation and roof can go a long way for a buyer especially if they know they won’t have to put in a lot of work when they close.
Sought After Upgrades:
Most home remodeling projects involve one of the following areas: the kitchen, bedroom, bathroom, living room, basement. If you think about it, these are the areas of the home we spend the most time in, so it’s only natural to renovate these areas to fit how we use our homes. Research suggests minor remodels to these areas of the home can recoup their costs quickly and attract buyers to your home. Unsure about what to spend on a kitchen remodel? This budget calculator gives a great idea of providing you a range based on your home’s current value.
High Tech/Environmentally Friendly Enhancements:
Solar water heating has become finally become viable for most homeowners in the states. With a 30% tax credit from the government, and savings up to 70% on water heating utility costs, it is certainly an upgrade to consider. Not only is it great for the environment but it adds significant value to your home as going green is one of the more popular renovations home buyers are looking for now. High tech thermostats have become a great addition to homes in recent years and for good reason. These thermostats optimize your heating/cooling costs by monitoring the time you frequently use heat/air thus reducing the cost monthly!