Whether you are in the market to sell your home or rent it out to a tenant, it is always in your best interest to invest in solutions that will increase home value. While there are certain things that increase a home’s value that you can’t change, for instance, the location of the house or the size of the structure, there are also several others that are in your control.
Investing in these options is not as expensive as it might seem and the ROI is excellent. Here are some options for you to consider.
When was the last time you had your roof professional inspected? Chances are that your roof is not in the best condition possible, especially if you use shingle tiles on your roof. Roofs can get discolored, they can break and chip, they can start to leak and they can become generally unsafe if they aren’t properly maintained. One of the most common problems is roof algae which causes the roof to lose its original color and also stores a lot of bacteria. If treated timely, it is easy to manage, otherwise, it can permanently damage your roof.
If you are on a budget consider repairing the roof but if you have the capital for it, a new roof will significantly improve the value of the home.
Windows are a commonly overlooked part of the home. However, they have a huge impact on how the house looks and performs. They are one of the first things you see on the exterior of the home, along with the roof, and good windows help protect you from the elements better. If you live in an area with extreme heat or cold, getting window glass with double glazing can help to bring down the energy dissipation through the windows. This will help you use less energy to cool and heat the home.
Moreover, it also prevents your windows from getting frosted so the house is always looking good no matter how cold it gets. This is a small upgrade that can have a huge impact because the combined covered area of all the windows adds up to quite a bit of surface area.
Flooring also covers a big portion of every part of the home. Having good flooring in good condition can have a big impact on homebuyers and tenants. To make your life easier you should install vinyl flooring rather than tiles or anything else. It is extremely easy to install, it lasts a very long time, it’s inexpensive and you can get it in nearly any color or style imaginable. Moreover, vinyl floors don’t lose color and deteriorate like other floorings materials. It’s a one-time investment that will last you several years if not decades.
One of the biggest challenges for homeowners when it comes to upgrading their homes is the labor cost of the upgrade. The three things mentioned above are easy DIY projects so you’ll only need to pay for supplies. In the case of roofing, it is recommended that you go with a professional contractor. This will ensure that you get the necessary warranty by having a licensed professional do the job and it is a bit of a risky job. If you want to improve your home’s value even further, look at specific weak areas in the structure and invest in upgrading those.