We are halfway through 2022, and the real estate market is still thriving. Now is the perfect time to consider what features and renovations can maximize your property value. Potential homebuyers are looking for a place where they can transition easily between work and relaxation.
In fact, the desire “to make homes a sanctuary from the world” ranked as the number-one reason for renovations by one-third of top real estate agents in a recent survey. Kitchens and bathrooms remain a top priority for buyers, but a home office and outdoor entertainment area have ranked almost as high in importance.
If you’re considering some renovations, you are not alone. A Bank of America poll found that more than 70 percent of Americans undertook home improvement projects during the pandemic.
Here are the top five renovations that will increase your home’s value instantly:
- Install smart home and solar options.
- Refresh your outdoor space.
- Boost your curb appeal.
- Create an in-home office by utilizing space you didn’t realize you had.
- Build a kitchen island or walk-in pantry.
If you’re looking to upgrade on a budget, here are some of the simplest, yet most effective changes you can make on the cheap:
PAINT
A fresh coat of paint is one of the most efficient and inexpensive ways to make over any room. It will drastically update the look and feel of any space.
CROWN MOLDING
It’s astounding how much a little molding and some caulk will transform your space! It is an easy way to achieve a custom home look and immediately add to your home’s value.
UPDATE YOUR LIGHT FIXTURES
Updating light fixtures can alter the warmth, mood and all-around appearance of any room. There are economical lighting options that can rejuvenate your space and create a more sophisticated look.
TILE BACKSPLASH
Adding a tile backsplash in your kitchen is a relatively simple and an inexpensive DIY project that will boost your home’s value. Peel-and-stick options are available and offered in a variety of colors and designs.
CLEAN GROUT
Cleaning your tiled floors and going over each grout line with a mold-resistant grout pen will magically make it feel like an entirely new space.
WINDOW TREATMENTS
Window treatments can add character and a luxurious feel to any room. While custom window coverings can be extremely costly, there are many high-quality, affordable options on the market. A ceiling track system provides an elegant and affordable option that gives the appearance of a larger space.
CURB APPEAL
Decorative magnetic garage hinges and handles create the look of real carriage garage doors.
Solar-powered path lights are the perfect decorative outdoor lighting solution, with no electricity required.
