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Effective Home Renovation Ideas That Give You a Higher ROI

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Home renovations are a great way to add more value to your home. Learn which renovation ideas are likely to give you the best ROI long-term.

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A home renovation can always provide a number of advantages down the road. If you plan on selling the house in the future, the upgrades you do now could end up increasing the value of the home, and in turn, increase the amount of profit you can expect to receive after the sale.

That said, home improvement trends vary greatly, and not all of them will yield positive results in the long term. It is best to approach home design and renovation with a strategy in mind that narrows down the options to the most effective and affordable options. Below is a list of common modifications that are likely to bring you the highest ROI.

Kitchen Makeovers

Buyers often focus on the kitchen when touring properties, and they’re typically looking for ones that look great and are practical.

However, undertaking an entire kitchen remodel is costly. There are other ways to make an impact without spending so much and actually receiving a good ROI. Refacing kitchen cabinetry, for example, is much cheaper than replacing it entirely while still giving the kitchen a fresh look. The same is true for old countertops that can be replaced with more stylish and durable ones like granite or quartz.

Bathroom Upgrades

Remodeling other areas of the house, such as the bathroom, is also easy and can raise the value of your home. In the same manner, ROI is high in relation to the total in

Floors are an important detail in a home. If poorly laid out, it can cause problems in daily living. Modern flooring choices can be a great way to increase a home’s value. It looks great and it’s easier to maintain. Hardwood floors, for example, are preferred by many homeowners. But if your budget is tight, going with high-quality laminate also works.

A tile or stone selection is another good option. It minimizes the possibility of water damage and helps to improve aesthetics when remodeling a kitchen or bathroom.

Upgrading Your Home to Be More Energy Efficient

Eco-friendly features are becoming increasingly popular for first-time home buyers, especially ones that want to lower costs while helping to save the environment. Using energy-saving features is a great way to reduce your carbon footprint while also helping to save money on monthly maintenance bills, thus, increasing the home’s market value.

One way you can start making positive changes is to look for the Energy Star Sticker when shopping for new appliances for your home. You’ll be able to find a number of appliances and fixtures you can use in all areas of the home, including the bathroom, kitchen, or laundry room. Replacing old windows with new energy-efficient ones is another way to lower the cost of heating and cooling the house.

If the insulation material in your walls and attic is getting a bit older, it would be a good idea to replace it. This will prevent air from escaping through gaps and cracks, preventing energy bills from becoming too high. It’s a relatively low-cost improvement that can make a huge difference long term.

Increasing Available Storage

When it comes to prospective home buyers, additional storage always checks off boxes. Additional storage can be important for anything from kitchen supplies to having a safe place for storing collectibles or hobbyist items.

An oversized closet with removable shelves and organizers is a major bonus to have if space permits. In the kitchen and bathrooms, sliding shelves, pullout hidden storage, and drawer dividers can also help to utilize all available space. Using LED strip lights in storage areas can also help homeowners better utilize their space in darker spaces or when using more out-of-reach storage options.

Get More Value From Your Home Renovationsvestment put in. Minor changes to the bathroom can make a big difference. A good starting point is to replace sinks and other fixtures.

Keep in mind that new water taps and shower heads not only improve the look of a bathroom, but are also more water efficient. This is a positive for both the environment and potential buyers. Replacing worn out or cracked tiles is also sensible because, tiles, more often than not, are the first element of a room to age. For certain bathrooms, adding larger windows and skylights can also transform the space.

Maintaining an Open Concept

Although open concept living isn’t for everyone, it has grown in popularity over the years. Now, it’s very common for people looking for a new home to want rooms that flow more seamlessly into one another. This gives an impression of spaciousness. One way to achieve this look is by removing certain non-load-bearing walls to merge areas into one inviting space.

This type of layout is a great feature for those who enjoy entertaining because it allows you to combine the kitchen, living room, and dining room into one central space, making all areas much more sociable.

Making More Use of Natural Lighting

If you work from home, natural light can be a great way to keep you more productive. It changes the entire environment into a more cheerful and peaceful place. If there aren’t many windows you can use, using smart LED lighting with temperature control is a budget-friendly option.

If the budget allows, skylights are great for bringing in a lot of natural light into a room and leaving ample wall space.

Changing Your Flooring

When looking to improve your home, a fresh paint coat isn’t the only thing you should think about. Smart design and thoughtful upgrade decisions are what get you the most profitable results if and when you decide to sell the home. By following the best practices discussed, you’ll be sure to get the right ROI when you’re ready to start your next renovation project. 

Author Information

Rebecca Denis

Rebecca Denis, Head of Design at Revive Real Estate, is an accomplished and highly creative interior designer with over ten years of experience in the industry. With a passion for transforming spaces and a keen eye for detail, she has successfully completed numerous projects ranging from commercial spaces to custom show homes.

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How a New Roof Can Increase Your Home’s Value

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The improvements you make to your home, whether to enjoy them yourself or because you’re about to put your house on the market, are always a worthwhile investment. A new roof will raise the value of your property because every aspect of the house, including the condition of the roof, affects pricing. Although the value of your home will not necessarily go up by the exact amount you paid for your new roof, there’ll still be an improvement.

Knowing exactly how a roof boosts your home’s value may influence the decisions you make regarding your upcoming roof replacement. So, be informed when making critical roof replacement decisions.

How a New Roof Raises the Value of Your Home

1. It enhances the home’s curb appeal

Curb appeal refers to how attractive your home and its surroundings appear to someone passing by. The more impressive, the more buyers are willing to pay. A new roof, done by an expert roofer, can improve the overall appearance of your home. New roofing materials come in a variety of colors and finishes, and can be an important design feature. Quite simply, a buyer is not going to be impressed by an old roof. Roofs with damaged, broken, or missing shingles, broken gutters, rotting fascia boards, mold and mildew, and debris aren’t just unappealing, they’re a liability. Therefore, ensure that your roof is in the best condition possible.

2. It raises the home appraisal value

A house on the market must be appraised. The appraiser assesses the value of your house by examining its features, functionalities, and overall condition. The roof, in particular, is thoroughly assessed, and if in good condition, your home gets a higher appraisal value. In addition to the appraisal, a new roof is an excellent selling point. It’s easier to convince a buyer to agree to a higher price when the roof has a long expected lifespan, and some of the most common problems with a roof can be avoided. Therefore, if you’re looking to place your home on the market soon, schedule a roof replacement.

3. It offers durability and safety

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Buying a home with a new roof is a great relief for buyers. They appreciate that after purchasing the home, they won’t have to dig back into their pockets to pay for roof repairs or replacements. Buyers with limited finances often use savings to hire a realtor and make the down payment. The cost of moving and other items needed to settle into the new home can quickly drain remaining funds. Any additional costs can be frustrating.

A new roof is less likely to have issues, and if they come up, there’s usually an extended warranty to cover the costs of repairs. In contrast, old roof warranties have likely expired, and any roof restoration services must be paid for out of pocket. To a buyer, a new roof is a safer option. Therefore, when selling your house, use your new roof as a bargaining chip. Buyers will likely buy a home that does not come with additional ‘baggage.’

4. Your home is likely to sell faster

You’ve seen houses stay on the market for a long time. Many of them are usually overpriced, poorly presented, or lack the ‘wow’ factor. To add some zest to your offer, install a new roof and state it clearly on the ad, and add photos to prove it. Your home will likely sell quickly and fetch more money than homes with older roofs.

5. It saves on energy

Everyone is becoming increasingly aware of the need to conserve resources. With the rising cost of living, people are seeking ways to cut their spending, and one way to do it is by reducing energy consumption with an energy-efficient roof. “Cool roofs” lower energy costs by reflecting the heat off the roof and keeping the interior of the house cool. This reduces the need for running the A/C as much. Examples of energy-efficient roofing materials are synthetic shingles, metal, and tile. Green roofs and roof gardens on flat roofs are also efficient at warding off excess heat. If you decide on any of these options, you’ll increase the value of your home and have more luck attracting buyers, particularly those who are eco-conscious.

A New Roof Is a Home Value Booster

Installing a new roof on your home will increase its value and enable it to fetch a higher price in the market. Buyers are inclined to opt for homes with curb appeal, and durable, energy-efficient roofs that are not prone to roofing issues. So, don’t be apprehensive about spending money on a new roof — it will pay off in the end.

Common mistakes not to make when buying your first home

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Buying your first home is a mix of excitement and potential challenges. While the idea of homeownership is thrilling, there are also pitfalls to watch out for. To make sure your experience is positive, it’s essential to avoid some common mistakes that first-time homebuyers often make. So, get ready for a journey through the twists and turns of the real estate world with some valuable tips.

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Falling in Love Too Quickly: The Honeymoon Phase

Getting smitten by a house, flaunting shiny countertops, and a backyard that’s a private hideout happens to the best of us. But diving in too fast can be like love goggles for your judgment. So, hold your horses, take a chill pill, and size things up. Look beyond the surface sparkle, think about what you need versus what you just want, and toss in a dash of practicality. Remember, it’s not only about love at first sight; you’re committing to a long-term relationship with your new home. Make sure it’s a match made in practical, cozy heaven, not just a fleeting fancy.

Ignoring the Hidden Costs: Budgeting Beyond the Purchase Price

Don’t let the thrill of discovering your dream home blind you to the sneaky costs of hiding in the shadows. Closing costs, property taxes, and those homeowners association fees – they’re the budget busters you didn’t see coming. Here’s a handy tip: when you’re figuring out your budget, don’t just look at the house price. Toss in these extra expenses, and you’ll be ready for whatever the homeownership journey throws at you. Being financially savvy from the get-go prevents you from getting sucked into a budgetary whirlwind later on.

Skipping the Home Inspection: Peeking Behind the Curtain

In the real estate game, appearances can be deceiving. Skipping a home inspection, thinking you’ll save time or money, is like playing with fire. Trust me, a thorough inspection is like a superhero swooping in, revealing any lurking issues. Picture it as giving your new home a health check-up before making a serious commitment. You wouldn’t marry someone without knowing they’re healthy, right? Well, your home deserves the same consideration, and Define Property is the right choice. So, invest a little time and money upfront, and you’ll thank yourself later when you dodge potential headaches and unexpected expenses down the homeownership road. 

Neglecting the Neighborhood: More Than Just a House

Sure, your dream home might boast the dreamiest kitchen and a bathroom straight out of a spa fantasy, but hold your horses before you sign the dotted line. Take a little detour and check out the neighborhood vibes. Safety, amenities, and the local community feel – they’re the unsung heroes of home happiness. Your house isn’t an island; it’s part of a neighborhood story. A fantastic neighborhood can transform a good house into an absolute gem. So, make sure your dream home isn’t just a pretty face but is surrounded by the kind of neighborhood you want to see every day.

Getting Too Comfortable with Your Lender: Shopping Around Pays Off

Bagging a mortgage is like choosing the perfect pair of shoes – you want it to fit just right. Don’t tie yourself down to the first lender you meet; it’s a bit like marrying the first person you date – risky business. Instead, be a smart shopper. Explore different mortgage rates and terms; it’s like finding the best deal in town. A tiny change in interest rates can sprinkle some serious savings magic over the life of your loan. So, treat your lender hunt like a treasure hunt. Be as picky with them as you are with your dream home. 

Failing to Plan for the Future: A House That Grows with You

Sure, it’s easy to get wrapped up in the excitement of the now, like choosing the perfect Netflix show for the evening. But hold on smart homebuyer! Think ahead a bit, just like you do when planning a weekend getaway. Picture your long-term plans – maybe more family members on the way or a pet-friendly home. Picking a home that can roll with the punches of your evolving lifestyle is like choosing a wardrobe staple that works for any occasion. Trust me; it’ll save you from the headache of packing and moving too soon. 

In a nutshell, buying your first home is an exciting adventure with some tricky parts. To make it smoother, avoid common mistakes like rushing into decisions, missing hidden costs, and overlooking the neighborhood. Stay smart, and may your homeownership journey be a happy and successful one. Happy house hunting!