Everyone likes to save money when it comes to remodeling, but you don’t need to be worried about splurging on these home improvements. Whether you plan on selling in the future or if you want to stay around for a while, investing in your home is a wise idea. Spending money on home improvements will not only increase your home’s resale value, but it will make it that much more enjoyable for you to live in. Essentially, it’s a win-win situation no matter if you decide to stay or move.
Here are the key areas I recommend you splurge on when it comes to upgrading your home. Although, keep in mind that I would only make these splurges once the necessary improvements have been taken care of (roofing, furnace and air conditioner, plumbing, etc.).
1. THE FRONT DOOR
The front door is easy to overlook, but it can yield a substantial return on investment. The front door is a major part of your home’s curb appeal and is one of the first impression’s buyers or anyone else will have of your home. If your door has seen better days, it’s a good idea to replace it or even repaint it. Doing so is one of the easiest and most inexpensive ways you can increase not only the value of your home, but your home’s curb appeal as well.
2. THE KITCHEN
The kitchen is the most-used room in the house, so it’s no wonder that a kitchen remodel can have a large impact on your home’s value. If your kitchen is still stuck in the ‘80s, consider giving it a facelift. Kitchen remodels can get costly, but fortunately you can make small changes without spending your entire retirement fund. For starters, consider replacing the appliances, hardware, light fixtures and adding a coat of paint to the cabinets. But if you are interested in splurging a bit more, you could purchase a new sink, cabinets and countertops. Just keep in mind, that you shouldn’t spend more than 25% of your home’s value on your kitchen as it isn’t worth the investment at that point.
3. HARDWARE AND FIXTURES
In addition to updating hardware and fixtures in the kitchen, you should consider doing so throughout the rest of the house. Even changing something as simple as the door knobs, deadbolts and hinges can be a modest, but impressive upgrade to your home. I would also recommend replacing old and outdated light fixtures, towel rods, toilet paper rolls and cabinet knobs. Although some of these may seem small, you’ll be surprised at how these changes can pull your home together.
4. HARDWOOD FLOORING
There are countless options for flooring, but you can never go wrong with installing hardwood flooring throughout your home. Hardwood flooring, or even laminate, is not only beautiful and timeless, but it is durable and can last many years with proper care and maintenance. Hardwood flooring is one of my favorite types of flooring, and I prefer it over carpet, tile or linoleum. I install it in almost every home I remodel.
5. WINDOWS AND DOORS
Windows certainly aren’t a largely noticeable upgrade, but they can lead to substantial savings in the long-run. Replace old windows with new energy efficient windows. These windows can improve the exterior of your home and can help you save on utility bills throughout the entire year. In addition to windows, replacing doors inside and out can help to increase your home’s value.
Whether you plan to sell or stay in your home, splurging on these home improvements can improve your home’s value and help you to fall in love with your home again.