If you’re thinking about home improvements, consider ways to make your home more functional and more comfortable. To get the most out of the money you spend, choose projects that add value to your home.
Any home improvement project will make your living spaces more attractive. However, if you’re looking for a good return on your investment, here are a few ideas that make your house worth more.
Add a Steel Entryway Door
A steel door provides security for your home. Installing a steel door is an easy project that provides a great return on investment, especially if you’re able to do it yourself. Steel is insulating, helps block noise, and it’s durable. Steel doors can be painted any color or you can find them in a wood-grain finish if you prefer a more natural look.
Build a Backyard Deck to Add Value to Your Home
A backyard deck is a great project for adding value to your home. Building a deck adds to your living spaces by giving you more square footage for entertaining family and friends. A deck is a place to relax, unwind, and enjoy the outdoors.
Especially if you customize the area with features like built-in deck boxes for storage and a pergola for providing shade, you’ll see a great return on your investment when you add a new deck.
Add an Extra Bedroom
If you plan to sell your home, a bonus bedroom will help to boost property value. Even if you plan to stay in your current house for years to come, you’ll enjoy having an extra room. Convert part of your basement or renovate the attic into an additional bedroom.
You can turn this into a space for guests or take it a step further and design a short-term rental on your property. Add a bathroom and small kitchen to your new bedroom along with resurfacing cabinets and you’ll have an opportunity to make money with your home. If you live in a convenient or central location, rent the mini-apartment to vacationers. You could also use the space to give a college-age child or elderly family member independence while still living in the home.
Install New Siding to Add Value to Your Home
New siding boosts curb appeal and adds value to a property. Whether you choose fiber-cement siding or less expensive vinyl, you’re making a good investment. Insulated vinyl siding is another option that helps to improve the energy efficiency of a home.
A potential buyer will like knowing that they won’t have to repaint the house every 10 years. You can expect a return on your investment of between 75 – 85% when you install new siding, depending on the type of materials selected.