When you finally get ahold of the money you need to do some upgrades around the house, you want to invest the funds in upgrades that will be helpful to your home and its overall value. It’s important to choose your home improvement projects wisely.
If you’re planning your home improvement budget, do the research. Figure out whether it’s better to add a new colonial style garage door or upgrade the entryway to your home.
Choose the most lucrative investments, and start upgrading today. Here is a brief summary of a few of the best places to spend your home improvement budget.
The kitchen is a popular spot
The kitchen is a popular spot in any home, and upgrading your kitchen is always a solid investment. Adding energy-efficient appliances is a great place to start the upgrade.
Put a fresh coat of paint and add some new hardware to your existing cabinets for a more cost-efficient upgrade. Make your kitchen a place for the whole family to enjoy, and you can’t go wrong with the upgrade.
Bathroom upgrades are worth it
You may not want to rip out everything from the floor up, but minor upgrades to your bathroom areas will boost the overall value of your home. Try adding some upgraded tiling, a new bathtub, and some sleek flooring, and you’ll quickly see the benefits of your upgrades.
Adding space to your floor plan
If your home has an unfinished attic or basement, you could do yourself a favor by finishing the space. Adding liveable space to your floor plan makes your home worth more on the market.
Even if you’re not looking to sell anytime soon, the extra space could do you and your family some good. Slap some drywall and a fresh coat of paint in the space, and let the family decide the best use for it.
A coat of paint can go a long way
Painting is the most cost-efficient upgrade you can make anywhere inside and outside of your home. A new coat of paint makes the space look fresh and clean.
The exterior of your home will always benefit from a facelift as well. Just a few hundred bucks of an investment will add more than a thousand dollars worth of benefit to your home’s equity.
Keep up the exterior and landscaping
Think outside the box that is your home, and put some of the home improvement budget towards landscaping. You may also want to add a place for friends and family to gather outside of your home.
Adding a deck or outdoor recreation spot will stack equity to the property as a whole. The state of the yard and the surrounding foliage makes a difference too. Keep up with the garden, and plant some colorful perennials to liven up the place.