50 Clever Home Upgrades That Will Instantly Add Resale Value (2024)

Renovating your house is more than just an expensive process—it's a time-consuming one, as well. And not all home upgrades you sink your hard-earned money into are winners. According to the National Association of Realtors (NAR) and the National Association of the Remodeling Industry's (NARI) 2022 Remodeling Impact Report, some of the biggest remodeling projects—adding a new bathroom and upgrading a kitchen, for example—were estimated to yield the lowest return on investment in a resale, while lighter-lift upgrades like refinishing hardwood floors had the highest percentage cost recovered.

To help you figure out what other simple improvements you can make, we spoke to experts and rounded up 50 clever home upgrades that will instantly add resale value. Keep reading for tips that add curb appeal to your lawn, spruce up your kitchen, and brighten up your overall aesthetic.

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Interior designers and real estate experts share easy home upgrades you can make before selling.

1. Redo your kitchen counters.

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Those old laminate or tile counters are likely bringing down your home's appeal and its potential selling point. Luckily, installing granite or quartz counters is easy and it can quickly improve the look and value of your place. "Replacing countertops can be completed for under $10,000 and will have a huge impact on value," says Morgan Franklin, a realtor with Atlas Trust Real Estate.

And according to real estate website Opendoor's 2023 Home Decor Report, kitchens with updated counters and cabinets were the second-biggest turn-on for buyers and also the third-biggest turn-off.

The report (which surveyed 929 homeowners between the ages of 25 and 74 who were considering remodeling or redecorating their homes or had done so in the past two years) also found that buyers were partial to quartz, which Opendoor says is known for its durability.

2. Play up your island.

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Analyzing listing data, real estate website Zillow anticipates that kitchen islands will be a major selling point in 2023. "This hub can seamlessly flex from breakfast bar to homework headquarters to dinner prep station, which is likely why there was a 19% increase in mentions of this multifunctional feature in listing descriptions on Zillow this year," said a press release.

Keep your kitchen island clear of clutter so buyers can envision its uses, but also play it up with comfortable counter stools, candles, or a stylish fruit bowl.

Don't have an island? "Look for homeowners to increasingly repurpose unique furniture pieces or vintage tables as islands," says Zillow.

3. Resurface your cabinets.

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Even if you don't have money in your budget to replace your cabinets, you can still upgrade your kitchen by resurfacing them. "Just because something looks worn or beaten down doesn't mean it needs to be replaced," says Earl White, founder of House Heroes. "Resurfacing adds considerable market value—without breaking the bank."

All you have to do is remove the cabinet doors and cover them with something like wood veneer or laminate. If the material is in pretty good shape, you can also simply sand and repaint them.

If you have slightly more in your budget, you can also replace just the door fronts, which is much cheaper than an entire new cabinetry system.

4. Go for tuxedo cabinets.

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While having uniform kitchen cabinetry might seem like a selling point, opting for light upper cabinetry and dark lower cabinets can actually help your home sell for a premium. According to a 2018 report by Zillow, homes with so-called tuxedo cabinetry fetched $1,500 more than anticipated on average.

5. Swap out your cabinet hardware.

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Removing and replacing your cabinet hardware is a project so simple even novices can DIY it. "It's an affordable way to make a kitchen look new and modern," says Maryana Grinshpun, design director of interior design company Mammoth Projects. "A DIY version can be executed for under a thousand dollars for standard-sized cabinets and a compact space."

READ THIS NEXT: The First Things Guests Notice About Your Kitchen, According to Experts.

6. Install a rack for pots and pans.

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If you want to increase your home's value, it's of the utmost importance that you reduce clutter wherever possible, especially in frequently-used spaces like your kitchen. For this, Brenda DiBari, a licensed real estate broker with Brown Harris Stevens, says here's an easy fix—an overhead pot and pan rack. It can instantly make your space look more cohesive and earn you some extra money when you go to sell. (After all, there's a reason filmmaker Nancy Meyers includes them in almost all her kitchen sets.)

7. Choose energy-efficient appliances.

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"An investment in new energy-efficient appliances will not only make [your kitchen] look better but will save you money on your electric bills," says Ralph DiBugnara, president of Home Qualified and vice president of Residential Home Funding. And for new homeowners that are already shelling out a ton of cash, it's a big selling point to know they'll save on the other end.

8. Refresh your faucet.

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Simply adding a new faucet in your kitchen can make all the difference when it comes to the value of your space. "Updating the sink with a modern-looking faucet will add that 'wow' factor to any kitchen," says licensed real estate broker Nancy Wallace-Laabs. "A minor kitchen remodel will enhance the overall look and feel of your kitchen without breaking the bank."

9. Add some light in the kitchen.

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"Adding under-the-counter lights will really brighten up [a kitchen] space," says DiBugnara. Luckily, all it takes is a few stick-up LED lights to achieve the look you want, so this is an affordable and easy way to increase your home's value.

10. Swap out old light fixtures.

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Ask any real estate agent or designer, and they'll tell you that those cheap home supply store light fixtures won't earn you a major payday when you go to sell your house. Upgrade your lighting, however, and you'll be upgrading that check from a potential buyer, too.

"If you are still living with the original builder fixtures (think rounded flush mounts and cookie-cutter chandeliers)… then I'm looking at you!" says New York-based interior designer Denise Gianna, owner of Denise Gianna Designs. "Lighting fixtures, like hardware, are the jewelry of your house."

The good news? "Fixtures that compliment your home style and are stylish come in literally every price range," she says.

READ THIS NEXT: 5 House Plants That Don't Need Sunlight.

11. Install recessed lighting.

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Want to make every room in your home look brighter, more beautiful, and more expensive? The answer is simple: recessed lighting.

"Living rooms should have four recessed lights, [and] hallways and kitchens should have a few, too," suggests Brian Dougherty, managing partner at Robert Paul Properties in Boston. "Depending on the electrician and the complexity of the wiring, a single recessed light can cost between $150 to $250 installed. If money is tight, I would recommend focusing on entertaining and living spaces first before bedrooms."

For even more value, Yasmine El Sanyoura, home designer at Opendoor, suggests in the company's report that homeowners should add recessed lighting with dimmers. "If you like the idea of recessed LEDs but are still worried about the lighting being too stark, I would recommend opting for LEDs that can be set at warmer light temperatures (like 2700K-3000K), and pairing those with dimmer switches to control how much light is diffused at any given time."

12. Add smart technology.

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If you want to make your home more valuable, then it's time to start thinking smart. "Make smart enhancements like your thermostat, lighting, keypad door locks, fire detectors, and security cameras," says Shawn Breyer, owner of Breyer Home Buyers. "If all else is the same between several homes that buyers are looking for, your home would win with a smart boost."

This is especially enticing for young, tech-savvy buyers, as well as older buyers who may be looking to incorporate safety features like medical alert systems.

13. Replace face plates and wall switches.

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Those metallic light switch covers may have once gone with your home's décor, but now they just look dated and it's time for them to go, says DiBari. Fortunately, it only costs a few dollars and takes mere seconds to replace cheap plastic covers with more elegant wooden, ceramic, or metal ones with better aesthetic appeal.

14. Repaint your walls in a neutral hue.

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It may only take a few hours to complete, but adding a fresh coat of paint to a room can completely transform your space for the better.

In their Paint and Color Trends Report 2023, remodeling service Fixr surveyed 62 interior design industry experts and found that 82 percent of them said warm neutrals are the best interior hues if you're selling. "Warm neutrals are often seen as a fresh canvas, and considered as both welcoming and safe color options," explains the report. "While some people may not love them, they are rarely turned off by them entirely."

"Matte finishes look more sophisticated, and we prefer to stay away from eggshell," says Grinshpun. "Choosing contrasting colors, even if two shades of white—one for walls, the other for trim, doors, and ceiling—will add detail and depth to the space."

15. Reglaze your bathtub.

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According to the Opendoor report, an updated bathroom is buyers' biggest turn-on, and an outdated bathroom is their biggest turn-off.

"Whether it's the primary bath, the guest bath, or a half-bath elsewhere in the home, the state of this space can signal to a potential buyer that a home is updated and well-maintained," El Sanyourapreviously toldBest Life.

If you have an old bathtub, it doesn't have to be replaced with a pricey claw-foot model to add value to your home. According to Brad Malow, a licensed real estate broker with Compass, reglazing a tub is an equally lucrative home upgrade that's much more affordable. "It's a relatively inexpensive option and will leave buyers looking at a bright white, sparkling place to relax."

READ THIS NEXT: The First Things Guests Notice About Your Bathroom, Experts Say.

16. Re-grout your shower tiles.

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Similarly, re-grouting your bathroom tile can make your bathroom shine again in a pinch. "Nobody wants to pull back a shower curtain and see black grime," says Malow. "Re-grouting tiles is an easy, small project that can make tiled walls feel like new."

17. Go bold with your bathroom color.

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While neutrals may serve you well in the rest of the house, some major contrast in the bathroom could make your home more valuable in the long run.

"Try repainting the rest of your bathroom a high contrasting color to really make everything sparkle," says DiBugnara. "Bathrooms remain an area that most buyers really want to see new and shiny."

So what color should you use for your bathroom walls? Well, if maximizing your home's sale price is the goal, then blue is your best. According to Zillow's 2018 report, blue bathrooms earn sellers nearly $3,000 more than anticipated.

18. Remove your carpeting.

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"Modern home buyers are turned off by carpeting," says White. "Laying down a shiny new wood floor easily pays for itself several times over."

And if you're worried that authentic flooring is going to cost you an arm and a leg, there are always "good alternatives to traditional wood floors," says White. "Home renovators can buy engineered or laminate wood for a fraction of the cost of an expensive floor."

19. Lay LVP flooring.

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Speaking of laying inexpensive flooring: In their report, Opendoor specifically calls out luxury vinyl plank (LVP). "[It] can bring in the warmth and coveted look of hardwood floors with the added safety of its durability promise, particularly in wet areas like the bathroom or kitchen," the report explains. "When considering LVP, lean into those resembling wood grain and opt for more brown versus gray tones, as this will provide warmth into your space and ensure a timeless look for years to come."

20. Refinish your floors.

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Throughout the rest of your home, you'll want to spend some money on upgrading floors if they're not in good condition. "There are various financial levels of renovations you can do with flooring," says Malow. "If they're hardwood, you have the options of simply sanding and buffing, staining, overlaying, or replacing completely."

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21. Install ductless mini-splits.

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Nobody loves coming home to an overheated house on those hot summer days. Luckily, even if you don't have existing ductwork, you can easily make your home cooler by installing ductless mini-splits to keep your space a pleasant temperature all year long, says Elizabeth Bain, a real estate agent with Commonwealth Standard Realty Advisors.

"Since mini-splits have no ducts, they avoid the energy losses associated with ductwork of central forced air systems," explains the U.S. Department of Energy. "Duct losses can account for more than 30% of energy consumption for air conditioning, especially if the ducts are in an unconditioned space such as an attic."

This is an important consideration since, according to research done by Zillow, "energy-saving features are increasingly desirable in a high-inflation world where many other expenses are rapidly rising."

22. Replace your old windows.

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Want to make your home quieter, lower your energy bills, and add value when it comes time to sell? Then swap out those old, drafty windows for a new set of double-pane windows.

"Homes with listing descriptions that mention double-pane windows can sell a week faster than similar homes and for 1% more than expected," according to Zillow's research.

23. Add climate change-friendly features.

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Depending on where you live, you'll want to think about how climate change could affect your home in the future.

"Large shares of buyers seriously consider flooding (55%), tornadoes (41%), hurricanes (35%) and earthquakes (29%) when choosing a home," explains Zillow. "Listings that mention hurricane or storm shutters can sell for 1.4% more than similar homes. Homes on stilts or piers, built to defend against flooding, can sell for 1.1% more. Homes that have undergone seismic retrofitting to make them more resistant to earthquakes can sell 19 days faster than similar homes, the largest days-on-market boost of all the features studied."

24. Finish up any minor repairs around the house.

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You may think those little repairs around the house are a waste of time, but if don't attend to them promptly, you could end up losing a lot of money, says April Palomino, a realtor with Coldwell Banker Residential Real Estate in Winter Park, Florida.

Per the expert, leaky faucets, sheetrock damage, cracked plaster, broken windows, missing screens, and dented door jambs are good places to start.

25. Upgrade your entryway.

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Your entryway can be a major selling point when it comes to potential buyers. "Does the lock work? Is it an inviting entry? [Is there] chipping paint on the front door? Broken glass?" asks Trey McCallie, principal broker at Urban Toolbox Real Estate. "Make the entryway a showplace and set a positive impression from the start."

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26. Refresh your artwork.

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Sometimes, increasing your home's value is as simple as swapping out that dated family portrait for something a little fresher. "Home furnishings and artwork make a huge impact on the feeling and value that your house gives," DiBari says. "Rearrange or replace wall hangings with fresh new artwork."

27. Pare down fabric pieces.

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While heavy drapery, upholstered furniture, and a never-ending sea of throw pillows used to be the height of interior fashion, all of that clutter isn't going to earn you any extra money nowadays.

"Remove excess pillows, throws, cushions, and drapes. Clean lines—no matter what your house style—are never out of style," says Gianna. "Fabrics trap moisture, dust, and allergens. Layers of drapery obscure light and can make windows look smaller, ceilings lower, and everything dingy. Too many pillows and throws do not make a sofa inviting."

"Buyers today are very influenced by the home shows that they see on HGTV and that seems to dictate what many people say they are looking for: neutral colors, clean surfaces, [and] minimal window treatments," adds Sheila MacDonald, a realtor with J Barrett & Company.

28. Stage a "bonus room."

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Your laundry room—if you're lucky enough to have one—could be the key to adding serious value to your home. "If you have a space in the laundry room or other small area, stage it as a wrapping center with wrapping paper, bows, tape, scissors, etc. or a gardening center with some clay pots, a trowel, pruning shears, [and] potting soil," suggests MacDonald. "This turns a wasted space into an extra 'luxurious' space with very little money."

29. Stage a mudroom.

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You don't need an actual mudroom to have a mudroom. Configuring a back entryway is an easyway to add some serious value to your home in a hurry. "Add a bench with hooks for coats and perhaps baskets underneath for shoes, hats, mittens, etc., in an area that can become a makeshift mudroom," recommends MacDonald.

30. Enhance your closet storage space.

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A little closet storage goes a long way when it comes to increasing your home's worth. And fortunately, you don't need to spend thousands to add major value. "Add shelving or two rows of hangers to small closets to make it feel custom and add storage space," suggests Bain.

A popular option among interior designers is the Container Store's customizable Elfa system, which allows you to virtually design your closet. The line also goes on sale a couple of times per year.

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31. Add attic insulation.

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A drafty home—or one that doesn't retain the cool air being pumped by its air conditioning units—is a turn-off for home buyers. Luckily, all it takes is a little insulation in your attic to seriously improve your home's value both now and in the future.

"On average, you will see a 108 to 116 percent return on investment [when you add attic insulation]," says Palomino. "That is because insulation protects the home from the transfer of heat, thereby reducing energy bills. Insulation also prevents moisture from entering delicate parts of your home, preserving your investment."

32. Finish your basem*nt.

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Transforming that unfinished space in your basem*nt could be the key to selling your home for a premium price. "An unfinished basem*nt can be a gold mine," says Franklin. "In my market, below-grade square footage is worth $60 to $80 per foot and can be completed for less than $40 per foot." It also helps potential buyers envision how they can utilize this extra space.

33. Build a deck.

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If you're eager to turn your outdoor space into one that will significantly boost your home's value, building a deck is a great place to start. According to Remodeling's 2022 Cost Versus Value Report, a wood deck addition yielded a 64.8 percent return on investment when it came time to sell (or about $12,500 on a $19,000 project), while a composite deck yielded a 62.1 percent ROI (or about $15,000 on a $25,000 project).

34. Build a patio.

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Using listing data and analysis, Zillow predicted that backyards are the "must-have home feature for 2023." Compared to last year, they note, listings mention backyards 22 percent more than the previous year. Specifically, patios had 13 percent more mentions in real estate listings—and if the cost of building out a deck is too much for you, this is a wonderful, more affordable option.

"When the pandemic forced all entertaining outdoors, homeowners reclaimed their backyards from the kids or the dogs. Now they're rethinking how that space could serve as an extension of their home in new, creative ways," said Amanda Pendleton, Zillow's home trends expert, in the report.

35. Create an outdoor seating area.

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Whether you have a deck or a patio—or even if you're just choosing a section of your lawn—creating a cozy outdoor seating area is enticing to buyers.

"Set up a deck or porch as an outdoor living area with comfy cushions on furniture, an outdoor rug, a grill…or a TV if the area is covered," says MacDonald. "This expands the square footage of your home in a buyer's mind."

READ THIS NEXT: This Common Household Item Will Make Your Old Patio Furniture Look New.

36. Install a fire pit.

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Who says that your outdoor space should only be usable in the summertime? Adding a fire pit will not only make it possible to spend chilly fall nights outdoors, but it'll also boost the overall value of your home.

According to Opendoor's report, following an outdoor dining table and chairs at 22 percent, a fire pit, at 20 percent, is the second-most "in" outdoor feature. (If you're curious, fountains and statues are "out.")

37. Install solar-powered outdoor lighting.

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To complete your outdoor entertaining space, you'll need to install lighting so it can be enjoyed even once the sun sets. Opendoor says eco-minded homebuyers "will want solar-powered lights as the most eco-friendly landscaping feature (46%)." And the good news is that they're inexpensive.

38. Upgrade your landscaping.

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"Landscaping is one of the most cost-effective ways to increase your home value," says Patrick van den Bossche, president of Realty Executives International. "Healthy trees, plants, and flowers along with a well-manicured lawn can improve the home's appearance. Also, remove dead vegetation, hide hoses, and keep everything looking pristine to make the best first impression."

For optimal resale value, you may want to consider native and drought-resistant landscaping, per Opendoor's report.

39. Trim your plants.

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Even if you don't have a huge amount to spend, you can upgrade your outdoor space in no time with a little DIY landscaping. "Make sure that the bushes and yard are neatly trimmed before your showings," suggests Nick Disney, house flipper and owner of Sell My San Antonio House. "These little things can have buyers wanting to see what's inside instead of wanting to move on."

40. Add an irrigation system.

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While homeowners love the look of a lush lawn or garden, their desire to put in the legwork to maintain their greenery is a different story. So, if you're eager to boost your home's value, try having an irrigation system added to your outdoor space. Opendoor says drip irrigation will be very popular among buyers in 2023.

READ THIS NEXT: 5 Ways You're Not Protecting Your Home From Burglars, Experts Say.

41. Install an outdoor security system.

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In their 2022 U.S. Houzz & Home Study: Renovation Trends, home design website Houzz surveyed 67,554 users, including 33,711 renovating U.S. homeowners, about their home renovations in 2021 and plans for 2022. They found that renovating homeowners spent 25 percent more on home security systems in 2021 than in 2020.

"Outdoor security systems are now three times more popular than they were in 2015 and the second most frequently installed outdoor upgrade (17% ), behind lighting (22%)," the study explains.

42. Replace your dated garage door.

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News flash: That dingy garage door you've backed into a hundred times is ruining your home's curb appeal. Luckily, replacing it isn't a hugely pricey investment, and doing so can make your house much more attractive in the long run.

"Garage doors boost curb appeal, provide safety and security, and even help on energy bills if insulated," says Palomino.

In fact, in their 2022 Cost Versus Value Report, Remodelingfound that a garage door replacement had the highest return on investment, at 93.3 percent. And the job itself only averages around $4,000.

43. Maximize your garage storage.

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A messy garage isn't going to win over any potential buyers. If you want to make your space more attractive, functional, and appealing to someone willing to pay top dollar, it's time to add some storage and clear up that cluttered space.

"Invest in inexpensive storage shelving or hanging for your garage," suggests MacDonald. "Make it the organized space that people wish they had in their current home."

44. Paint your garage floor.

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Want another easy way to make your garage shine? All it takes is a little paint. "If the garage floor is nice, perhaps paint it with the acrylic paint made for garage floors," suggests MacDonald. This will help buyers envision the space as more than just a place to park their cars.

45. Give the facade a fresh coat of white paint.

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According to Fixr's report, basic white is the way to go for exterior paint. "When asked which exterior colors they most recommend, 74% of top experts agree that white is the color to choose. A fresh coat of white paint can make a home look clean and fresh. It also lets you use a lot of different colors for shutters, trim, and the front door, so you can personalize it to highlight and show off your home's best features."

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46. Repaint your front door.

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Simple though it may seem, painting your front door an eye-catching color can seriously increase your home's value.

"It takes someone one minute to decide if they want to enter your home. If you are selling, that minute can cost you thousands in lost opportunities and days on the market!" says Gianna. "Give your home a fighting chance. Paint your front door and shutters (your garage doors too if it applies). This is cheap and a must—akin to washing your face before leaving the house! Use deep, bold blues, greens, and wine tones to add style."

47. Add steel entry doors.

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"Steel entry doors boost curb appeal—they are sleek and clean and come in a variety of finishes and paneling," says Palomino. "They increase the security of your home and stand up to wear and tear…and [are] not subject to warping or rotting." They also have a 91 percent ROI, she notes.

48. Add stone veneer.

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If a paint job isn't enough, consider sprucing up your home's facade with a stone veneer. "Manufactured stone veneer siding can bring you up to 92 percent return on investment," according to Palomino.

According to the NAR, "Artificial stone veneer siding is long-lasting and durable… If properly installed, faux stone veneer siding is maintenance-free and more fire-resistant than wood or vinyl siding." And since it's lighter than real stone, you don't have to worry if your home can withstand the added weight.

49. Power wash your house.

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Spring cleaning shouldn't just be reserved for the interior of your house—cleaning up the outside can help you reap major rewards when it's time to sell.

"Power washing the sidewalks and driveway can quickly remove years of dirt," as well as making it more valuable in the eyes of buyers, according to Disney.

50. Keep up with the Joneses.

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If you aren't sure which renovations you should and shouldn't invest in, just look to your neighbor's house for inspiration.

"If renovations in your neighborhood are simple, keep it simple. Otherwise, you will find yourself spending too much on updating your property, but will not realize the return of your investment on closing day," says Wallace-Laabs. "Go to open houses in your neighborhood prior to putting your house on the market. Pay attention to the kitchen, baths, flooring, and fixtures—then go home and start with those ideas."

50 Clever Home Upgrades That Will Instantly Add Resale Value (2024)

FAQs

50 Clever Home Upgrades That Will Instantly Add Resale Value? ›

Bathroom and kitchen renovations are the most popular home improvement projects. You can expect to recover 75% of your investment (according to the Appraisal Institute of Canada).

What upgrades make your house worth more? ›

Projects That Boost Your Home's Value
  • Remodel the kitchen. Updates to the kitchen pay off. ...
  • Upgrade the appliances. ...
  • Boost the bathrooms. ...
  • Remodel the attic or basem*nt. ...
  • Get decked out. ...
  • Boost curb appeal. ...
  • Improve energy efficiency.

Which renovations add the most value? ›

Bathroom and kitchen renovations are the most popular home improvement projects. You can expect to recover 75% of your investment (according to the Appraisal Institute of Canada).

What is the most popular home upgrade? ›

Of all home improvement projects, the most popular are sparkling bathroom overhauls, according to newly released data from the Contractor Growth Network, followed by big-ticket kitchen and basem*nt renovations.

What adds value to a small home? ›

A key summary of adding value to your home

Create some street appeal by sprucing up your front yard and home exterior. Install new floors or polish old ones. Get rid of clutter and put personal items in storage.

What adds the most money to a house? ›

Top 15 Home Updates That Pay Off
  • #1 Minor Bathroom Remodel. Average return at resale: 102 percent. ...
  • #2 Landscaping. Average return at resale: 100 percent. ...
  • #3 Minor Kitchen Remodel. ...
  • #4 - Exterior Improvements. ...
  • #5 Attic Bedroom Conversion. ...
  • #6 Major Bathroom Remodel. ...
  • #7 Major Kitchen Remodel. ...
  • #8 Deck, Patio or Porch Addition.
Apr 22, 2020

What adds the most value to a property? ›

10 quicker wins for adding value before selling
  1. Redecorate. ...
  2. Fix superficial defects. ...
  3. The front door. ...
  4. Declutter. ...
  5. Heating and lighting. ...
  6. Garden appeal. ...
  7. Create a driveway / off-road [arking. ...
  8. Look smart and be energy efficient.

What part of your house is the most worth remodeling? ›

Kitchens and baths are the areas in a home "where you can tell if money has been well spent or not," says architect Steve Straughan, a partner in Los Angeles-based KAA Design Group. "They're the most expensive areas of the home in terms of construction. And they're where people spend time in their homes."

What are the hardest home renovations? ›

Plumbing. While plumbing may not be as physically dangerous as roofing or bricklaying, plumbing jobs aren't a walk in the park. Plumbing is one of the hardest home improvement jobs to master, according to the CraftJack survey that asked both contractors and homeowners about the most demanding jobs.

How can I increase the value of my home cheaply? ›

8 ways to increase the value of your home
  1. Clean and declutter. ...
  2. Add usable square footage. ...
  3. Make your home more energy-efficient. ...
  4. Spruce it up with fresh paint. ...
  5. Work on your curb appeal. ...
  6. Upgrade your exterior doors. ...
  7. Give your kitchen an updated look. ...
  8. Stage your home.
Jul 5, 2022

What room in the house is the most popular? ›

Homeowners care most about the kitchen

But why are kitchens the most important room to most people? It's the center of the house, metaphorically, says Devonshire Custom Homes.

What order should you do home improvements? ›

As you look to begin your whole home remodel, here's the general order of operations:
  • Planning and Design. ...
  • Demolition. ...
  • Rebuilding/Framing. ...
  • Mechanicals/Plumbing/HVAC/Electrical. ...
  • Walls. ...
  • Flooring. ...
  • Cabinets. ...
  • Appliances.

What brings down the value of a house? ›

Changes in the real estate market can lower the value of your home. Natural disasters and climate change can lower your property value because the property is a greater risk to purchase. Foreclosures in your neighborhood can also drive down property value.

What are things that lower property value? ›

What hurts property value can be things specific to your house — such as deferred maintenance issues, outdated kitchens and bathrooms, or a noisy location — or by outside factors such as your local real estate market or the state of the overall economy.

How to stage your home to sell for top dollar? ›

Staging Your Home to Sell for Top Dollar
  1. Clean & Declutter Your Home. Photo via @sharon_arny_interior_design. ...
  2. Remove Personal Items. ...
  3. Furnish Empty Spaces. ...
  4. Let in Natural Light. ...
  5. Hire a Professional Photographer. ...
  6. Choose the Right Paint Color for Your Walls. ...
  7. Spruce Up Your Curb Appeal. ...
  8. Upgrade Carpets & Floors.
Oct 28, 2022

What makes a house rich? ›

House rich, cash poor is the term used when a homeowner has equity built up in their home but is burdened by expenses that eat up most or even all of their budget.

What type of property is most profitable? ›

What Types of Commercial Properties Are the Most Profitable? High-Tenant Properties – Typically, properties with a high number of tenants will give the best return on investment. These properties include RVs, self-storage, apartment complexes, and office spaces.

What do homeowners spend the most money on? ›

10 Expenses of Home Ownership You Need to Know
  • Your mortgage payment.
  • Property taxes.
  • Homeowners insurance.
  • Mortgage insurance.
  • Escrow prepaids.
  • Mortgage points.
  • Closing costs.
  • Utilities.
Apr 13, 2023

What is the #1 thing that determines the value of a home? ›

Ultimately, the financial backing in a deal determines the property's value, and it's most often a mortgage lender making the call.

What are the 4 ways to value a property? ›

Top 4 Methods of Real Estate Appraisal
  • Sales Comparison Approach. The sales comparison approach assumes that prior sales of similar properties provide the best indication of a property's value. ...
  • Cost Approach Appraisal. ...
  • Income Approach Appraisal. ...
  • Price Per Square Foot.
Feb 22, 2022

What bathroom colors increase home value? ›

"Generally, going with neutral colors like shades of white, beige, taupe, and grays lead to a faster sale," she shares. "Neutral colors are also more appealing to potential buyers because many want the creative freedom of a blank canvas to add their personal touches to when looking for a new place to call home.

What color bathroom for resale? ›

Best Colors for Resale Value

Currently, painting your bathroom light blue can increase the value of your home by $5000. A light blue hue invites a calm, serene, and relaxing environment that compliments almost any decor or design style. Light yellow, cream, beige, and gray are also favorites of prospective home buyers.

What is the biggest expense in bathroom remodel? ›

Usually, the most expensive part of a bathroom remodel is labor, tile work, and plumbing. While these areas are superior, there are other aspects like layout changes, shower, etc., that can raise the budget according to your preferences. Read on as we go through each of these elements in more detail.

What room has the highest ROI? ›

The kitchen is the most important room you can invest in because it is the room that adds the most value to a home.

What should I renovate first? ›

Practically speaking, you'll want to do the kitchen remodel first because that work will create the most dust and debris, which you won't want to land on new paint or finish jobs. It's always a good idea to isolate any demolition mess by putting plastic over doorways or pass-throughs.

Should you renovate your home all at once or in pieces? ›

A bigger scope, tackled at once, allows you to plan more broadly. You can get more done, in the right sequence, and [it's] more cost-effective.”

What is the best room to remodel? ›

Some of the most important rooms to renovate include the kitchen, bathroom, living room, and master bedroom. Each of these sections needs to be taken care of in one way or another. You can go through the modern trends and choose one that best fits your home's design.

How to do a timeless renovation? ›

Check out the following ideas to make your home interior elegant and timeless.
  1. Keep it simple, scalable and symmetrical.
  2. Keep it simple, scalable and symmetrical.
  3. Stick with classic prints.
  4. Stick with classic prints.
  5. Go for neutrals.
  6. Go for neutrals.
  7. Incorporate natural and quality material.

What is the most common aging in place remodeling project? ›

Grab Bars Remain the Most Common Aging-in-Place Remodel | Eye On Housing.

Does a laundry room increase home value? ›

How Important Is a Laundry Room for Resale? A laundry room can make your property significantly more attractive to potential buyers and could make it much easier to sell. According to a recent survey by the National Association of Home Builders, 87% of respondents said a separate laundry room would be ideal.

What is a mother in law sweet? ›

All jokes aside, a mother-in-law-suite is a private living area within a home or property, designed as a separate living space to provide comfort and privacy for the occupant. These dwellings vary widely depending on the needs of the resident, but they typically include at least one bedroom and bathroom.

Does an open floor plan add value? ›

Open Floor Plan and Home Resale Value

Fortunately for homeowners, an open floor design still holds a good deal of sway over potential buyers. Open floor plans can increase your real estate value by 15% on average and up to 20% more than a traditional sectional design house.

What are the 2 most important rooms in a house? ›

The kitchen and the master bathroom. Buyers tend to show more interest in these rooms than any other in a home.

What is the biggest selling point in a house? ›

If you're a seller with a tight timeline (and budget), you'll want to focus on these rooms first. The rooms buyers most closely inspect (and judge) in a house are the kitchen and master bath. These are the interior spaces where the most value can be added during a sale, so they need to look their best.

What is usually the first room in a house? ›

Foyer/Entrance Hall

They are the first rooms you see when you come inside a house! And, because the foyer is directly between the outside world and your personal sanctum, you should take extra care with what you put in it.

What order do you renovate a bedroom? ›

Generally, most renovations will follow this order of work:
  1. Strip out and removal.
  2. Structural work – floors, ceilings, walls.
  3. First fix work – plumbing, heating wiring.
  4. Plastering, flooring.
  5. Second fix work – plumbing, heating, wiring.
  6. Bathroom, kitchen fit-out.
  7. Decoration.

What is the right order to remodel a kitchen? ›

Time to remodel
  • Determine where lighting, electrical outlets, sinks, and appliances will be placed and upgrade the wiring and plumbing to accommodate everything.
  • Install insulation and drywall.
  • Paint the walls and ceiling.
  • Install the flooring.
  • Install the cabinetry and countertops.
  • Install the sink(s) and faucets.

Is it worth doing home improvements before selling? ›

Myth No.

Remodeling can actually be a time-saver when it comes to selling your home. Homes that are freshly remodeled and updated are going to sell much faster than houses that are outdated or in need of repairs.

What makes a house unsellable? ›

2. An unrealistic price tag is a common issue. Several agents said that when a home isn't selling, it's probably because the price is too high. "An unsellable home is one that is not priced right," said Noemi Bitterman of Warburg Realty, who handles sales in New York City for homes between $500,000 and $1.75 million.

What are the best colors to sell a house? ›

When you're painting your house to sell, you'll want to stick with neutral or earthy tones, though you can choose white, beiges, greys, or even off-white colors. Depending on the room, you can even choose neutral shades of blue or green (like in the kitchen). You'll also want to avoid white in bathrooms.

At what age does a house start losing value? ›

If you haven't renovated your home in the past 30 years or so, it won't show well when you put it on the market. In other words, it won't get the same price as a similar home that's been maintained and updated.

What are the four factors that influence value? ›

The current and future importance consumers place on the four factors of value (Desire, Utility, Scarcity, and Effective Purchasing Power) represents Demand and Supply of the product or service.

Where is property value the lowest? ›

10 Cheapest Housing Markets to Buy a House in the US
  • West Virginia. With a Zillow Home Value Index of $146,578, West Virginia is the most affordable state to buy a house in the US. ...
  • Mississippi. ...
  • Arkansas. ...
  • Louisiana. ...
  • Oklahoma. ...
  • Kentucky. ...
  • Iowa. ...
  • Ohio.
May 30, 2023

What devalues a neighborhood? ›

Ultimately, unsightly yards and foreclosures affect the resale value of your home because they bring down the average home values in the neighborhood.

What should you not do when staging a house? ›

20 Most Common Staging Mistakes
  1. Too Much Furniture.
  2. Furniture That Doesn't Fit the Room.
  3. Household Smells.
  4. Keeping Knick Knacks on Display.
  5. Excessive Dark Paint.
  6. Drastically Different Paint Colors Throughout the Home.
  7. Pushing All Furniture Against the Walls.
  8. A Lack of Light.

What sells better an empty house or a staged house? ›

In general, a staged home will sell quicker than a non-staged home, and at a higher price too! 95% of staged homes sell in 11 days or less, and a staged home will sell for 17% more than a non-staged home.

Why do people sell their house for $1 dollar? ›

While the seller can enjoy the ease of an all-cash offer with a sales price of $1, they may end up dealing with a lot of hassle come tax season. Some parents may try to sell their home to a child for just one dollar in order to help their child avoid estate taxes down the line.

Does upgrading the house add value? ›

Few investments recoup more than 100% of their cost, but collectively, a handful of high-quality, functional and cohesive home improvements can increase buyer interest and resale value. It's best to make home improvements that serve your current functional needs as well as appeal to future buyers.

How do renovations increase house value? ›

Remodeling can boost the return on investment (ROI) of a house. Wood decks, window replacement, and kitchen and bathroom upgrades tend to generate the highest ROIs. For cost recovery, remodeling projects generally must fix a design or structural flaw to earn back the cost of construction.

Is it worth it to upgrade house before selling? ›

Myth No.

Remodeling can actually be a time-saver when it comes to selling your home. Homes that are freshly remodeled and updated are going to sell much faster than houses that are outdated or in need of repairs.

Do ceiling fans increase home value? ›

Adding ceiling fans to rooms like bedrooms, the living room, or family room will add value to your home immediately.

What makes a house go up in value? ›

Understanding how prospective land values influence property returns allows investors to make better choices. Land appreciates because it is limited in supply; consequently, as the population increases, so does the demand for land, driving its price up over time.

What adds more value to a home bedroom or bathroom? ›

Bathroom additions return the most, according to Remodeling magazine's report — an average of 86.4 percent. The addition of attic bedrooms, family rooms and sunrooms returned anywhere from 70 to more than 80 percent of the money spent — and that doesn't factor in the value of your own enjoyment of all that new space.

Which exterior renovation adds the most value to a house? ›

The front door is one of the most important elements for curb appeal and first impressions. According to the report, replacing your existing door with a steel door averages a 75 percent return on investment.

Will renovation costs go down in 2023? ›

Current Trends in Renovation Costs

The report predicts that renovation spending will drop roughly 14% from 2022 to 2023. The study projected that renovation spending would exceed $450 billion during the first quarter of 2023 but cool shortly thereafter, with owner-occupied housing stock to “grow only modestly” in 2023.

How do you tell if your home will sell fast? ›

The best way to influence how fast your home will sell is by the price you set. Want yours to sell right away? Price it at or below market value, a figure you arrive at based on what comparable homes in the area are selling for and your home's appraisal value. Price higher if you don't care how long it takes to sell.

How much money should you put into a house before selling? ›

A guideline to keep in mind is to keep repair costs to 1-5% of your home's listing price. Essentially, you want to do the least amount of work for the highest potential return. Focus on repairs with a high return on investment, such as those mentioned above.

Is it worth remodeling a bathroom before selling? ›

When it comes to preparing your home for sale, you'll want to put your best foot forward. Homeowners that complete upgrades — like a bathroom remodel — before listing are likely to gain buyer attention. Plus, sellers may achieve a better return on investment (ROI) thanks to certain renovation projects.

Do recessed lights increase home value? ›

Modern, LED recessed lights are space saving and energy efficient. They can really show off your rooms to their best effect, and are discreet enough for most buyers not to have strong feelings against them. On the contrary, most potential buyers will love them, and you could increase the value of your home!

What are the negatives of a whole house fan? ›

What are the disadvantages of a whole house fan? While a whole house fan is known for saving money on the cooling bill, it can possibly lead to a higher heating bill in the winter, especially for older whole house fans. An older house fan is a perfect escape for the air you are paying to heat in the wintertime.

Does a garbage disposal add value to a home? ›

Bottom line, a garbage disposal is a practical convenience to have if you prefer to spend as little time as possible cleaning up after cooking. A new disposal is a relatively low-cost kitchen upgrade and can add perceived value to a home upon resale.

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